Cash News The Fed lowered the federal funds rate by 0.50% at the most recent Federal Reserve meeting on September 18. The federal funds rate. The Fed. The FOMC. All these terms we hear in the news that somehow deal with interest rates. What does it all mean? Here’s what you need to know about […]
Cash News After two and a half years of slogging through higher interest rates in an effort to throttle back inflation, the cycle is reversing. The Federal Reserve lowered its key interest rate by 0.50% at its meeting on Sept. 18. However, the federal funds rate is not the only driver of mortgage rates. Will […]
Cash News For the most part, fixed mortgage rates have decreased since yesterday, and adjustable rates have increased. Fixed rates have fallen significantly since the beginning of August. According to Zillow data, the average 30-year fixed rate is down 55 basis points since August 1, and the 15-year fixed rate has dropped by 54 basis […]
Cash News Mortgage rates should continue falling this autumn and into 2025 given However, waiting for mortgage rates to fall significantly before purchasing a home may not be an option for you. Buying a house when interest rates are currently where they are requires an understanding of the and for your finances to be running […]
Cash News This is the economic U-turn we’ve been waiting for. The Federal Reserve announced a massive half-point cut in short-term interest rates on Wednesday. It’s been a long time coming. After inflation peaked at 9.1% in June 2022, the Fed worked to tame consumer prices with 11 interest rate hikes over the ensuing months. […]
The Federal Reserve’s decision to lower interest rates by half a percentage point, announced on September 18th, is momentous for two reasons. As the first cut by America’s central bank since it jacked up rates to quell inflation, it marks the start of a monetary-easing cycle. It also represents a bet by the Fed that […]
Cash News A mortgage refinance involves replacing your existing home loan with a new mortgage for the same property. The funds from your new mortgage are used to pay off your existing loan, and you start making mortgage payments on the new one instead. There are many reasons to refinance your mortgage loan. You may […]
The longed-for moment is almost here. For two and a half years, ever since America’s Federal Reserve embarked on its fastest series of interest-rate rises since the 1980s, investors have been desperate for any hint of when it would reverse course. Now it would be a huge surprise if Jerome Powell, the central bank’s chair, […]
On a recent visit to his hometown of Laixi, in eastern China, Guo Ping received a shock: the local government had sold off a number of state-owned assets, including two reservoirs. The small city’s finances, as well as those in the neighbouring port of Qingdao, were under strain, forcing officials to come up with new […]
Cash News Financing a large purchase with a personal loan can be a great way to build wealth without dinging your budget upfront. The catch? Most lenders rely heavily on your credit history to tell them if you’re a trustworthy borrower. In these cases, if your credit score needs some TLC, you might need someone […]