"June 28, 2023: Rising Mortgage Rates and Top CD Rates Today"

The top rates on nationwide certificates of deposit (CDs) continue to improve, with 19 CDs now offering an annual percentage yield (APY) of at least 5.35%, up from 13 last week. The highest available rate remains 5.65% APY for a 9-month term, but there are also attractive rates for longer-term CDs, such as a 3-year CD with a 5.13% APY and a 4-year jumbo CD with a 5.12% APY for deposits of at least $100,000. The Federal Reserve has signaled the possibility of raising the benchmark rate later this year, which could further increase CD rates. However, it is uncertain when and how many rate hikes will occur.