Interest Rates

• Fed Pick Puts Pressure on Bessent to Deliver for Trump - Treasury Secretary Scott Bessent, who is leading the search for the next Federal Reserve chair, could face President Trump’s wrath if the person chosen does not quickly lower interest rates.
• When will mortgage rates go down significantly? This week’s decreases are relatively small. - Mortgage rates have decreased since this time last year, but in the short term, rates have remained stagnant. Learn more about when mortgage rates will go down.
• Mortgage and refinance interest rates today, December 2, 2025: A low 30-year rate vs. an even lower 15-year - These are today's mortgage and refinance rates. The average 30-year fixed rate bubbled higher but remains well below where it was one year ago. Lock in your rate today.
• South Korea auto stocks rise after U.S. Commerce Secretary confirms tariffs lowered to 15% - Overnight, bitcoin plunged around 6% to trade below $86,000, marking its worst day since March and pressuring the broader stock market down.
• Asia-Pacific markets set to open higher ahead of private survey of China’s manufacturing activity - Traders are increasingly expecting a rate cut in the upcoming U.S. Fed meeting on Dec. 10.