The Fed cut rates five weeks ago, but banks are still paying high interest rates on high-yield savings accounts and combo checking/savings offers.

Mortgage rates are increasing in recent weeks despite the Federal Reserve's decision to cut interest rates last month for the first time in four years.

History shows that Fed rate cuts often boost the stock market, but context matters—normalization cuts tend to drive gains, while recession cuts can lead to losses.

The Fed announced first rate cut in a long time last month, but the mortgage rates have continued to rise. Why is this? Here's why.

While the Fed doesn’t regulate your mortgage rate, the central bank sets the funds rate to impact the economy. This action indirectly influences the loan rates consumers pay. The Fed kept the key rate near zero during its last meeting, with no forecasted rate hikes through 2023.

ABC's Alexis Christoforous reports on the latest housing market as mortgage rates continue climbing, even after the Federal Reserve cut interest rates.

Related: Dave Ramsey explains how your mortgage is key to early retirement. If Kamala Harris wins, mortgage rates are expected to stabilize or even fall due to her proposed home-b

Freddie Mac reports the 30-year fixed mortgage rate averaged 6.44% for the week ending Oct. 17 — up from 6.32% last week.