In essence, an interest rate is the cost of borrowing money. This "rental fee" is calculated as a percentage of the principal, or original loan amount. The interest rate determines how much you'll pay ...

Interest rates and bond prices exhibit an inverse relationship: when interest rates increase, bond prices decrease, and when rates decrease, bond prices increase. This occurs because newly issued ...

Over the last couple of years, interest rates have fluctuated quite a bit. After plummeting to record lows in 2020, they made a steep climb back. As you navigate the changing interest rate climate, it ...