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Here\u0027s how it affects gold investors.","articleSection":["MoneyWatch","MoneyWatch: Managing Your Money"],"image":{"@context":"https:\/\/schema.org","@type":"ImageObject","height":630,"width":1200,"url":"https:\/\/assets3.cbsnewsstatic.com\/hub\/i\/r\/2023\/05\/05\/a10ed18a-48b0-4de0-8c34-2031e388b439\/thumbnail\/1200x630\/fbd88ecd461d8d33b7defd63dcc9de35\/gettyimages-1434007077.jpg?v=f303dc12868a012283443d8b9123e5fe"},"thumbnailUrl":"https:\/\/assets3.cbsnewsstatic.com\/hub\/i\/r\/2023\/05\/05\/a10ed18a-48b0-4de0-8c34-2031e388b439\/thumbnail\/1200x630\/fbd88ecd461d8d33b7defd63dcc9de35\/gettyimages-1434007077.jpg?v=f303dc12868a012283443d8b9123e5fe","associatedMedia":{"@context":"https:\/\/schema.org","@type":"ImageObject","height":630,"width":1200,"url":"https:\/\/assets3.cbsnewsstatic.com\/hub\/i\/r\/2023\/05\/05\/a10ed18a-48b0-4de0-8c34-2031e388b439\/thumbnail\/1200x630\/fbd88ecd461d8d33b7defd63dcc9de35\/gettyimages-1434007077.jpg?v=f303dc12868a012283443d8b9123e5fe"},"datePublished":"2023-05-05T13:54:39-0400","dateModified":"2023-05-05T13:54:39-0400","author":[{"@type":"Person","familyName":"Richardson","givenName":"Matt","name":"Matt Richardson","url":"https:\/\/www.cbsnews.com\/team\/matt-richardson\/","jobTitle":"Sr. Managing Editor, Managing Your Money","description":"Matt Richardson is the senior managing editor for the Managing Your Money section for CBSNews.com. He writes and edits content about personal finance ranging from savings to investing to insurance. Previously, he worked as a senior editor for FoxNews.com and FoxBusiness.com. A former sports reporter, Matt covered professional boxing in New York City for 18 years. He is the former Vice President and Secretary for the Boxing Writers Association of America (BWAA) and is an elector for the International Boxing Hall of Fame. He has a master\u0027s degree in journalism from Columbia University.","sameAs":"https:\/\/x.com\/MRichardson713","knowsAbout":["Mortgage Rates","Interest Rates","Finance","Savings","Inflation"],"workLocation":{"@type":"Place","name":"New York"},"affiliation":{"@type":"Organization","name":"CBS News"},"worksFor":[{"@type":"Organization","name":"CBS News"}],"contactPoint":{"@type":"ContactPoint","email":"matt.richardson@paramount.com","contactType":"Sr. Managing Editor, Managing Your Money"},"publishingPrinciples":"https:\/\/www.cbsnews.com\/news\/cbs-news-publishing-principles\/"}],"editor":[{"@type":"Person","familyName":"Earl","givenName":"Jennifer","name":"Jennifer Earl"}],"publisher":{"@context":"https:\/\/schema.org","@type":"NewsMediaOrganization","@id":"https:\/\/www.cbsnews.com\/","name":"CBS News","foundingDate":"1927-09-18","sameAs":["https:\/\/www.cbsnews.com\/","https:\/\/www.facebook.com\/CBSNews\/","https:\/\/instagram.com\/cbsnews\/","https:\/\/twitter.com\/CBSNews","https:\/\/www.youtube.com\/CBSNews","https:\/\/en.wikipedia.org\/wiki\/CBS_News"],"logo":[{"@context":"https:\/\/schema.org","@type":"ImageObject","height":60,"width":600,"url":"https:\/\/www.cbsnews.com\/assets\/standalone\/cbsnews-logo-white-600x60.png"}],"url":"https:\/\/www.cbsnews.com\/","parentOrganization":{"@type":"Organization","name":"Paramount Global","@id":"https:\/\/www.paramount.com\/","sameAs":"https:\/\/www.paramount.com\/","legalName":"Paramount Global"},"actionableFeedbackPolicy":"https:\/\/www.cbsnews.com\/news\/cbs-news-publishing-principles\/#1d4ed2b9-ade8-4203-a4e4-115dd34c0735","correctionsPolicy":"https:\/\/www.cbsnews.com\/news\/cbs-news-publishing-principles\/#751608ae-9468-457c-9dbe-1f9400a7f428","ethicsPolicy":"https:\/\/www.cbsnews.com\/news\/cbs-news-publishing-principles\/#a0060f90-73b0-4a57-b756-ca7a7f26cc7d","Masthead":"https:\/\/www.cbsnews.com\/news\/cbs-news-publishing-principles\/#5fd9a80d-2c6c-4d38-8b1e-4144650d5963","missionCoveragePrioritiesPolicy":"https:\/\/www.cbsnews.com\/news\/cbs-news-publishing-principles\/#4ffda755-6b47-49e1-b98c-24b737906aca","ownershipFundingInfo":"https:\/\/www.paramount.com\/company-history","unnamedSourcesPolicy":"https:\/\/www.cbsnews.com\/news\/cbs-news-publishing-principles\/#de41886e-07ed-4887-ad05-4b2c79edf857","publishingPrinciples":"https:\/\/www.cbsnews.com\/news\/cbs-news-publishing-principles\/"},"articleBody":"On May 3rd the Federal Reserve again raised interest rates, this time to a range between 5% and 5.25%. It marked the tenth time the Fed bumped rates since March 2022. The news is not positive for prospective homebuyers or current homeowners looking to refinance, as rates will likely now move upward. It is, however, beneficial for those with high-yield savings accounts and CDs\u00a0as account holders will likely enjoy higher interest rates on their money.But what about those who have invested in gold or are considering doing so soon? What does the Fed\u0027s interest rate hike mean for gold investing? While it may be too soon to know definitively how the latest bump will affect gold, there are some historical trends to understand that can prove to be a predictor for gold investors.If you\u0027re considering investing in gold in today\u0027s economy then start by requesting a free investors kit\u00a0to learn more.How the Fed\u0027s interest rate hike affects gold investingWhile not guaranteed, the price of gold will usually decrease when interest rates rise and increase when interest rates go down. In other words: Gold often has an inverse relationship with interest rates. As mentioned above, when rates jump investors are typically more attracted to stocks, bonds and some more traditional deposit vehicles. Gold is typically not on the list, resulting in a drop in appeal and subsequent price.\u00a0That said, this isn\u0027t a hard rule. The price of gold was actually higher on Thursday ($2,044.70 an ounce) than it was on Tuesday before the Fed issued its announcement ($1,995.40 an ounce). That\u0027s just a few dollars shy of April\u0027s high of $2,048.45 an ounce - which was, in itself, the highest gold had been since 2020.\u00a0\"From an investor perspective, we didn\u0027t see the peak yet, and the peak may be much higher than $2,000 - $2,500 in the long term,\" Baruch Silvermann, investor and CEO of The Smart Investor, recently told CBS News.\u00a0Yes, gold prices are influenced by supply and demand but they\u0027re also influenced by economic factors like the Fed raising rates and concerns about inflation. Even recent concerns about the banking sector caused a spike in gold investing interest. So those investing in gold can expect the price to be somewhat fluid. That said, the historic trend of a decrease in price measured against a spike in interest rates didn\u0027t immediately materialize after this week\u0027s news.Not sure about gold investing? Learn how it could be a smart investment for you here.Gold investing benefits to knowIf you\u0027re looking for a way to protect your money in today\u0027s rate environment, gold can help. Here are three benefits prospective gold investors should know:It can protect against inflation. If the purchasing power of the dollar is poor, as it usually is during times of high inflation, then gold is likely to do well. \"Over time, the value of gold tends to rise as the purchasing power of fiat currencies falls,\" Harry Turner, the founder of The Sovereign Investor, an investment education website, previously told CBS News.\u00a0\"This is because, unlike paper money or other types of investments, gold is a physical asset that can be stored and traded. As long as people continue to see it as a valuable commodity, the price of gold is likely to remain a good hedge against inflation.\"It can diversify your portfolio. Trillions of dollars in retirement savings were wiped out last year due to poor stock market performance. While gold couldn\u0027t have stopped that, some of that money may have at least been preserved if it was diversified between stocks, bonds and gold. Gold, when put into your portfolio in the right amount, can help diversify your savings and protect you against larger economic headwinds.It\u0027s easy to sell. It can be tricky selling stocks, particularly when trying to get the timing right. But because there\u0027s always been a demand for gold it\u0027s relatively simple to sell. Whether it be in coins, bars (bullion), or some other form, there\u0027s likely to be a gold buyer somewhere close by. The interest and purchasing power will typically remain consistent.The bottom lineThe Fed\u0027s latest interest rate hike may ultimately lead to a drop in the price of gold although early indications are hard to decipher. Either way, gold is a worthy investment for multiple reasons. It can help protect investors against the worst of inflation and it can be a good way to diversify your portfolio (although it should be limited to 5% to 10% total). Finally, it\u0027s generally easy to sell so if you want to move your money into something else in the future, gold won\u0027t be much of a block to your investment plans."} </script><script type="application/ld+json"> {"@context":"https:\/\/schema.org","@type":"NewsMediaOrganization","@id":"https:\/\/www.cbsnews.com\/","name":"CBS News","foundingDate":"1927-09-18","sameAs":["https:\/\/www.cbsnews.com\/","https:\/\/www.facebook.com\/CBSNews\/","https:\/\/instagram.com\/cbsnews\/","https:\/\/twitter.com\/CBSNews","https:\/\/www.youtube.com\/CBSNews","https:\/\/en.wikipedia.org\/wiki\/CBS_News"],"logo":[{"@context":"https:\/\/schema.org","@type":"ImageObject","height":60,"width":600,"url":"https:\/\/www.cbsnews.com\/assets\/standalone\/cbsnews-logo-white-600x60.png"}],"url":"https:\/\/www.cbsnews.com\/","parentOrganization":{"@type":"Organization","name":"Paramount Global","@id":"https:\/\/www.paramount.com\/","sameAs":"https:\/\/www.paramount.com\/","legalName":"Paramount 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slug--how-the-feds-interest-rate-hike-affects-gold-investing type--content-article"> <div class="row"> <div class="row"> <div class="col-12 "> <div class="row"> <div class="col-8 "> <article id="article-0" data-index="0" data-path="/news/how-the-feds-interest-rate-hike-affects-gold-investing/" class="content content-article lazyload"><div class="content__promo-image-wrapper" data-sort-time="1683309279000" data-update-time="1683309279000"></div> <div class="content__high-wrapper content__high-wrapper--is-show" id="article-header" data-sort-time="1683309279000" data-update-time="1683309279000"> <header class="content__header "><div class="content__meta--brand-font"> <p> We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. </p> </div> <div class="item--asset-wrapper"> <a href="https://www.cbsnews.com/moneywatch-managing-your-money?ftag=CNM-16-10abg0d" class="item--asset-label is-topic" data-invalid-url-rewritten-http="">MoneyWatch: Managing Your Money</a> </div> <h1 class="content__title ">How the Fed's interest rate hike affects gold investing</h1> <div class="content__meta-wrapper">  <a class="content__topic-link " href="/moneywatch"> <img width="60" height="60" class="content__show-logo" alt="moneywatch" src="/assets/show/moneywatch/logo-square-32.svg" loading="lazy"></a>  <p class="content__meta content__meta--byline byline"> By <a href="https://www.cbsnews.com/team/matt-richardson/" class="byline__author__link" data-invalid-url-rewritten-http="">Matt Richardson</a> </p> <p class="content__meta content__meta--byline byline"> Edited By <a href="https://www.cbsnews.com/team/jennifer-earl/" class="byline__author__link" data-invalid-url-rewritten-http="">Jennifer Earl</a> </p> <p class="content__meta content__meta--timestamp "> <time datetime="2023-05-05T13:54:39-0400">May 5, 2023 / 1:54 PM EDT</time> / CBS News </p> <ul class="sharebar"><li class="sharebar__button-container sharebar__button-container--service "> <a href="http://www.facebook.com/sharer.php?u=https%3A%2F%2Fwww.cbsnews.com%2Fnews%2Fhow-the-feds-interest-rate-hike-affects-gold-investing%2F" class="sharebar__button sharebar__button--type-facebook lazyload" title="facebook" target="_blank" data-component="popups" rel="noopener"> <svg viewbox="0 0 32 32" class="sharebar__icon sharebar__icon--facebook" aria-hidden="true"><use xlink:href="#icon-social-facebook"></use></svg></a> </li> <li class="sharebar__button-container sharebar__button-container--service "> <a href="https://twitter.com/intent/tweet?related=cbsnews,cbsmoneywatch&via=cbsmoneywatch&text=How%20the%20Fed%27s%20interest%20rate%20hike%20affects%20gold%20investing&url=https%3A%2F%2Fwww.cbsnews.com%2Fnews%2Fhow-the-feds-interest-rate-hike-affects-gold-investing%2F" class="sharebar__button sharebar__button--type-twitter lazyload" title="twitter" target="_blank" data-component="popups" rel="noopener"> <svg viewbox="0 0 32 32" class="sharebar__icon sharebar__icon--twitter" aria-hidden="true"><use xlink:href="#icon-social-twitter"></use></svg></a> </li> <li class="sharebar__button-container sharebar__button-container--service "> <a href="https://share.flipboard.com/bookmarklet/popout?v=2&utm_source=www.cbsnews.com&utm_medium=article-share&utm_campaign=tools&title=How%20the%20Fed%27s%20interest%20rate%20hike%20affects%20gold%20investing&url=https%3A%2F%2Fwww.cbsnews.com%2Fnews%2Fhow-the-feds-interest-rate-hike-affects-gold-investing%2F" class="sharebar__button sharebar__button--type-flipboard lazyload" title="flipboard" target="_blank" data-component="popups" rel="noopener"> <svg viewbox="0 0 32 32" class="sharebar__icon sharebar__icon--flipboard" aria-hidden="true"><use xlink:href="#icon-social-flipboard"></use></svg></a> </li> </ul></div> </header></div> <section class="content__body"><figure class="embed embed--type-image is-image embed--float-none embed--size-medium"><span class="img embed__content"><img src="https://assets3.cbsnewsstatic.com/hub/i/r/2023/05/05/e4a588e5-9b4c-4e23-b969-481c197da610/thumbnail/620x413/61ab3f619b722640cfffdf7312ba8da4/gettyimages-1434007077.jpg?v=f303dc12868a012283443d8b9123e5fe#" alt="gettyimages-1434007077.jpg " height="413" width="620" class=" lazyload" data-srcset="https://assets3.cbsnewsstatic.com/hub/i/r/2023/05/05/e4a588e5-9b4c-4e23-b969-481c197da610/thumbnail/620x413/61ab3f619b722640cfffdf7312ba8da4/gettyimages-1434007077.jpg?v=f303dc12868a012283443d8b9123e5fe 1x, https://assets3.cbsnewsstatic.com/hub/i/r/2023/05/05/e4a588e5-9b4c-4e23-b969-481c197da610/thumbnail/1240x826/d290539b56255d6f27e43898a92316c2/gettyimages-1434007077.jpg?v=f303dc12868a012283443d8b9123e5fe 2x" srcset="data:image/svg+xml,%3Csvg%20xmlns%3D'http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg'%20viewBox%3D'0%200%20620%20413'%2F%3E"></span> <figcaption class="embed__caption-container"><span class="embed__caption">Typically, when interest rates rise the price of gold drops.</span> <span class="embed__credit"> Getty Images </span> </figcaption></figure><p>On May 3rd <span class="link"><a href="https://www.cbsnews.com/news/federal-reserve-interest-rate-hike-0-25-percentage-point/" target="_blank" data-invalid-url-rewritten-http="">the Federal Reserve again raised interest rates</a></span>, this time to a range between 5% and 5.25%. It marked the tenth time the Fed bumped rates since March 2022. The news is not positive for prospective homebuyers or current homeowners looking to refinance, as rates will likely now move upward. It is, however, beneficial for those with <span class="link"><a href="https://www.cbsnews.com/news/high-yield-savings-account/" target="_blank" data-invalid-url-rewritten-http="">high-yield savings accounts</a></span> and <span class="link"><a href="https://www.cbsnews.com/news/whats-a-certificate-of-deposit-cd/" target="_blank" data-invalid-url-rewritten-http="">CDs</a></span> as account holders will likely enjoy higher interest rates on their money.</p><p>But what about those who have invested in gold or are considering doing so soon? What does the Fed's interest rate hike mean for gold investing? While it may be too soon to know definitively how the latest bump will affect gold, there are some historical trends to understand that can prove to be a predictor for gold investors.</p><p>If you're considering investing in gold in today's economy then start by requesting <a href="https://clicks.trx-hub.com/xid/cbsint_a10ef_cbsnews?q=https%3A%2F%2Fsecure.money.com%2Fpr%2Fs19e40c73285%3Fs1%3Dhttps%253A%252F%252Fwww.cbsnews.com%252Fnews%252Fhow-the-feds-interest-rate-hike-affects-gold-investing&p=https%3A%2F%2Fwww.cbsnews.com%2Fnews%2Fhow-the-feds-interest-rate-hike-affects-gold-investing%2F&event_type=click&article_id=e00fbe29-cab0-420f-a6dd-d50cc9cf8190" target="_blank" rel="nofollow, sponsored, noopener">a free investors kit</a> to learn more.</p><div><div class="ca-widget" data-token="j98cb9eaec9a" data-s1="https://www.cbsnews.com/news/how-the-feds-interest-rate-hike-affects-gold-investing"></div><script async defer src="https://secure.money.com/embeds/embedder.js?v=1"></script></div><h2><strong>How the Fed's interest rate hike affects gold investing</strong></h2><p>While not guaranteed, the <span class="link"><a href="https://www.cbsnews.com/news/how-much-is-gold-worth/" target="_blank" data-invalid-url-rewritten-http="">price of gold</a></span> will usually decrease when interest rates rise and increase when interest rates go down. In other words: Gold often has an inverse relationship with interest rates. As mentioned above, when rates jump investors are typically more attracted to stocks, bonds and some more traditional deposit vehicles. Gold is typically not on the list, resulting in a drop in appeal and subsequent price. </p><p>That said, this isn't a hard rule. The price of gold was actually higher on Thursday ($2,044.70 an ounce) than it was on Tuesday before the Fed issued its announcement ($1,995.40 an ounce). That's just a few dollars shy of April's high of $2,048.45 an ounce - which was, in itself, the highest gold had been since 2020. </p><p>"From an investor perspective, we didn't see the peak yet, and the peak may be much higher than $2,000 - $2,500 in the long term," Baruch Silvermann, investor and CEO of The Smart Investor, recently told <span class="link"><a href="https://www.cbsnews.com/news/will-gold-prices-keep-rising-experts-weigh-in/" target="_blank" data-invalid-url-rewritten-http="">CBS News</a></span>. </p> <div id="mpu-plus-outstream-middle" data-ad="mpu-plus-outstream-middle" class="ad-mpu-plus-outstream-middle ad-wrapper " data-ad-unit='"mpu-plus-outstream-middle"'> </div> <p>Yes, gold prices are influenced by supply and demand but they're also influenced by economic factors like the Fed raising rates and concerns about inflation. <span class="link"><a href="https://www.cbsnews.com/news/should-you-invest-in-gold-amid-bank-uncertainty/" target="_blank" data-invalid-url-rewritten-http="">Even recent concerns about the banking sector caused a spike in gold investing interest</a></span>. So those investing in gold can expect the price to be somewhat fluid. That said, the historic trend of a decrease in price measured against a spike in interest rates didn't immediately materialize after this week's news.</p><p>Not sure about gold investing? <a href="https://clicks.trx-hub.com/xid/cbsint_a10ef_cbsnews?q=https%3A%2F%2Fsecure.money.com%2Fpr%2Fxfc40ee80c98%3Fs1%3Dhttps%253A%252F%252Fwww.cbsnews.com%252Fnews%252Fhow-the-feds-interest-rate-hike-affects-gold-investing&p=https%3A%2F%2Fwww.cbsnews.com%2Fnews%2Fhow-the-feds-interest-rate-hike-affects-gold-investing%2F&event_type=click&article_id=e00fbe29-cab0-420f-a6dd-d50cc9cf8190" target="_blank" rel="nofollow, sponsored, noopener">Learn how it could be a smart investment for you here</a>.</p><div><div class="ca-widget" data-token="j98cb9eaec9a" data-s1="https://www.cbsnews.com/news/how-the-feds-interest-rate-hike-affects-gold-investing"></div><script async defer src="https://secure.money.com/embeds/embedder.js?v=1"></script></div><h2><strong>Gold investing benefits to know</strong></h2><p>If you're looking for a way to protect your money in today's rate environment, gold can help. Here are three benefits prospective gold investors should know:</p><p><strong>It can protect against inflation. </strong>If the purchasing power of the dollar is poor, as it usually is during times of high inflation, then <span class="link"><a href="https://www.cbsnews.com/news/why-you-should-buy-gold-during-inflation/" target="_blank" data-invalid-url-rewritten-http="">gold is likely to do well</a></span>. "Over time, the value of gold tends to rise as the purchasing power of fiat currencies falls," Harry Turner, the founder of The Sovereign Investor, an investment education website, previously told <span class="link"><a href="https://www.cbsnews.com/news/buying-gold-4-things-you-need-to-know/" data-invalid-url-rewritten-http="">CBS News</a></span>. </p> <div id="leader-plus-inc3" data-ad="leader-plus-inc" class="ad-leader-plus-inc ad-wrapper " data-ad-unit='["leader-plus-inc",3]'> </div> <p>"This is because, unlike paper money or other types of investments, gold is a physical asset that can be stored and traded. As long as people continue to see it as a valuable commodity, the price of gold is likely to remain a good hedge against inflation."</p><p><strong>It can diversify your portfolio. </strong><span class="link"><a href="https://www.cbsnews.com/news/stocks-drop-recession-retirement-savings-401k-ira-3-trillion-2022/" target="_blank" data-invalid-url-rewritten-http="">Trillions of dollars in retirement savings</a></span> were wiped out last year due to poor stock market performance. While gold couldn't have stopped that, some of that money may have at least been preserved if it was <span class="link"><a href="https://www.cbsnews.com/news/how-does-gold-diversify-your-portfolio/" target="_blank" data-invalid-url-rewritten-http="">diversified</a></span> between stocks, bonds and gold. Gold, when put into your portfolio in <span class="link"><a href="https://www.cbsnews.com/news/how-much-invest-in-gold-experts-say/" target="_blank" data-invalid-url-rewritten-http="">the right amount</a></span>, can help diversify your savings and protect you against larger economic headwinds.</p><p><strong>It's easy to sell.</strong> It can be tricky selling stocks, particularly when trying to get the timing right. But because there's always been a demand for gold it's relatively simple to sell. Whether it be in coins, bars (bullion), or some <span class="link"><a href="https://www.cbsnews.com/news/how-do-you-invest-in-gold/" target="_blank" data-invalid-url-rewritten-http="">other form</a></span>, there's likely to be a gold buyer somewhere close by. The interest and purchasing power will typically remain consistent.</p><div><div class="ca-widget" data-token="rd6965223cd6" data-s1="https://www.cbsnews.com/news/how-the-feds-interest-rate-hike-affects-gold-investing"></div><script async defer src="https://secure.money.com/embeds/embedder.js?v=1"></script></div><h2><strong>The bottom line</strong></h2><p>The Fed's latest interest rate hike may ultimately lead to a drop in the price of gold although early indications are hard to decipher. Either way, gold is a worthy investment for multiple reasons. It can help protect investors against the worst of inflation and it can be a good way to diversify your portfolio (although it should be <span class="link"><a href="https://www.cbsnews.com/news/how-much-should-you-invest-in-gold/" target="_blank" data-invalid-url-rewritten-http="">limited to 5% to 10% total</a></span>). Finally, it's generally easy to sell so if you want to move your money into something else in the future, gold won't be much of a block to your investment plans.</p>  <div class="content-author"> <a href="https://www.cbsnews.com/team/matt-richardson/" class="content-author__name" data-invalid-url-rewritten-http="">Matt Richardson</a> <div class="content-author__bio"> <div class="content-author__full-information"> <p class="content-author__text">Matt Richardson is the senior managing editor for the Managing Your Money section for CBSNews.com. He writes and edits content about personal finance ranging from savings to investing to insurance.</p> <div class="content-author__social-links-container"> <a href="https://twitter.com/MRichardson713" class="content-author__social-link" rel="nofollow noopener"> <svg viewbox="0 0 32 32" class="content-author__logo" aria-hidden="true"><use xlink:href="#icon-social-twitter"></use></svg> Twitter </a> </div> </div> </div> </div> </section><footer class="content__footer"><p class="content__copyright"> <small>© 2023 CBS Interactive Inc. All Rights Reserved.</small> </p> </footer></article></div> <div class="col-4 nocontent"> <section class="component list list component--topic- component--view-list --item-count-4" id="component-queryly-right-rail-article-recirc" data-id="af907f0c-7c99-459b-bad1-fc091da10a84" data-slug="queryly-right-rail-article-recirc"><div class="component__heading-wrapper"> <h3 class="component__title">More from CBS News</h3> </div> <div class="component__item-wrapper"> <article class="item lazyload item--type-custom"><a href="https://www.cbsnews.com/news/50000-home-equity-loan-vs-50000-heloc-what-to-consider-with-inflation-rising/?intcid=CNR-01-0623" class="item__anchor" draggable="false" ondragstart="return false;" data-invalid-url-rewritten-http=""> <span class="img item__thumb item__thumb--crop-0"><img src="https://assets2.cbsnewsstatic.com/hub/i/r/2025/02/14/58277bb9-c2ba-4b10-bc58-ba64e997172f/thumbnail/1200x630/c4b5364de95b19851b0b87b384170718/gettyimages-1405638906-1.jpg?v=f303dc12868a012283443d8b9123e5fe#" alt=" " srcset="data:image/svg+xml,%3Csvg%20xmlns%3D'http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg'%20viewBox%3D'0%200%201%201'%2F%3E" data-srcset="https://assets2.cbsnewsstatic.com/hub/i/r/2025/02/14/58277bb9-c2ba-4b10-bc58-ba64e997172f/thumbnail/1200x630/c4b5364de95b19851b0b87b384170718/gettyimages-1405638906-1.jpg?v=f303dc12868a012283443d8b9123e5fe" class="lazyload"></span> <div class="item__title-wrapper"> <h4 class="item__hed"> $50,000 home equity loan vs. $50,000 HELOC: 3 things to consider with inflation rising </h4> </div> </a> </article><article class="item lazyload item--type-custom"><a href="https://www.cbsnews.com/news/things-to-say-and-not-to-say-when-asking-for-credit-card-debt-forgiveness/?intcid=CNR-01-0623" class="item__anchor" draggable="false" ondragstart="return false;" data-invalid-url-rewritten-http=""> <span class="img item__thumb item__thumb--crop-0"><img src="https://assets3.cbsnewsstatic.com/hub/i/r/2025/02/14/a31f6714-3049-4b7c-998a-2b59396e6a7d/thumbnail/1200x630/c80b09bffd238f98a3658c7f7598d436/gettyimages-1433523275.jpg?v=f303dc12868a012283443d8b9123e5fe#" alt=" " srcset="data:image/svg+xml,%3Csvg%20xmlns%3D'http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg'%20viewBox%3D'0%200%201%201'%2F%3E" data-srcset="https://assets3.cbsnewsstatic.com/hub/i/r/2025/02/14/a31f6714-3049-4b7c-998a-2b59396e6a7d/thumbnail/1200x630/c80b09bffd238f98a3658c7f7598d436/gettyimages-1433523275.jpg?v=f303dc12868a012283443d8b9123e5fe" class="lazyload"></span> <div class="item__title-wrapper"> <h4 class="item__hed"> 3 things to say (and 3 not to) when asking for credit card debt forgiveness </h4> </div> </a> </article><article class="item lazyload item--type-custom"><a href="https://www.cbsnews.com/news/how-much-does-90000-home-equity-loan-cost-monthly-in-2025/?intcid=CNR-01-0623" class="item__anchor" draggable="false" ondragstart="return false;" data-invalid-url-rewritten-http=""> <span class="img item__thumb item__thumb--crop-0"><img src="https://assets3.cbsnewsstatic.com/hub/i/r/2025/02/14/82d9b8a7-13b8-410f-b851-b6106d9ae1fb/thumbnail/1200x630/f4b1263f17fea23eeb3c9392b2dd27b8/gettyimages-1366977301.jpg?v=f303dc12868a012283443d8b9123e5fe#" alt=" " srcset="data:image/svg+xml,%3Csvg%20xmlns%3D'http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg'%20viewBox%3D'0%200%201%201'%2F%3E" data-srcset="https://assets3.cbsnewsstatic.com/hub/i/r/2025/02/14/82d9b8a7-13b8-410f-b851-b6106d9ae1fb/thumbnail/1200x630/f4b1263f17fea23eeb3c9392b2dd27b8/gettyimages-1366977301.jpg?v=f303dc12868a012283443d8b9123e5fe" class="lazyload"></span> <div class="item__title-wrapper"> <h4 class="item__hed"> How much does a $90,000 home equity loan cost monthly in 2025? 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