When it comes to locking in an interest rate on a borrowing product, the timing can be difficult to get right. Wait too long and you risk having to pay more than you would have at an earlier point.

Matt Richardson is the senior managing editor for the Managing Your Money section for CBSNews.com. He writes and edits content about personal finance ranging from savings to investing to insurance.

With 2025 winding down, will savers and investors lock in today’s CD or Treasury yields before they slip lower, or hold out for better returns in 2026? It’s not an easy choice with the Fed signaling ...

A float-down option allows you to lower your mortgage rate if prevailing interest rates drop during your lock period. Locking your rate with a float-down option is usually more expensive than a ...

With a background in journalism and counseling, Penny Min blends analytical research with real-world insight to help readers make informed financial decisions. At Forbes Marketplace, she specializes ...

At the end of July, the Federal Reserve will meet again to discuss the future of interest rates. So far, the Fed has kept the federal funds rate locked. While there has been some pressure on the ...

The Federal Reserve cut rates by half a point on Sept. 18 and penciled in further drops. CD rates typically decline following an interest rate cut. Fixed-rate CDs guarantee a set yield for their ...