3 things to do (and 3 things to avoid) with interest rates paused

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3 things to do (and 3 things to avoid) with interest rates paused
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You can make higher interest rates work for you by making these three moves (and avoiding these three mistakes) now.

So much for a spring interest rate cut. Despite hope in late 2023 and early 2024 that interest rates would be cut this spring, the Federal Reserve on Wednesday announced that they were instead keeping rates untouched for now. That leaves the benchmark interest rate range between 5.25% and 5.50%. With reports for February and March showing inflation rising — and with it now sitting at 3.

But because your home is the collateral in these borrowing circumstances, it's important to carefully consider your repayment ability before getting started.Compare your home equity options online here.And here are three things to avoid in today's rate climate:Keeping your money in a low interest-earning accountThe average interest rate on a regular savings account right now is a minimal 0.46%.

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