In March 2022, the Federal Reserve began aggressively raising interest rates, a trend that lasted until mid-2023. Rates reached a high-water mark of 5.25% to 5.5%. In late 2024, the rates began to come down in three 0.25% increments, and in mid-September, the Fed cut rates again by 0.25% due to a stalling job market. Find Out: Dave Ramsey: The Biggest 401(k) Mistake People Make Read Next: Mark Cuban Tells Americans To Stock Up on Consumables as Trump's Tariffs Hit -- Here's What To Buy Changes in interest ...