Local banks say businesses are still taking out loans, despite elevated interest rates. In some cases, that's because they don't want to wait for rates to fall.

Mortgage rates, which are primarily tied to 10-year Treasury yields in the bond market, are also sensitive to other factors, including investor outlook for future Fed moves. Economists will be closely listening to Fed Chair Jerome Powell's post-meeting remarks for any hints about rate cuts later this year.

The Agency founder and CEO Mauricio Umansky discusses record home prices in the United States and why the Federal Reserve should cut interest rates on ‘America Reports.’

A federal judge on Monday denied a request by a Donald Trump ally to force the Federal Reserve committee responsible for directing US monetary policy to make its meetings publicly accessible and accused an investment firm of wasting the court’s time.

The Federal Open Market Committee will meet on Tuesday and Wednesday before announcing the federal-funds rate target range, which has sat at 4.25% to 4.5% since December. The decision will go public at 2 p.m. Eastern time on Wednesday, and Fed Chair Jerome Powell will address the media at 2:30 p.m.

The stock market is at record highs as investors brace for what's expected to be the busiest week of the summer on Wall Street.

After swinging from a dramatic spring peak to a welcome summer low, mortgage rates are now holding steady—letting buyers potentially save hundreds each year.

President Donald Trump is expected to focus on global trade relationships as well as the Federal Reserve's upcoming decision on the nation's interest rate.