Learn

Short reads on rates, the Fed, and how to read what the bond market is telling you.

• What is SOFR?

  The Secured Overnight Financing Rate replaced LIBOR.

• APR vs APY

  The same percentage means different things on each side of the loan.

• How Fed policy affects mortgage rates

  The Fed doesn't set mortgages — but it moves the 10-year Treasury, which does.

• The Treasury yield curve, explained

  What the line from 1-month bills to 30-year bonds is telling you.

• Why we don't rank individual banks

  Honest bank-by-bank rankings require sources we won't use.