20 Sep 2024 The Federal Reserve Reduces their Lending Rate In a widely anticipated move earlier this week, the Federal Reserve has cut its overnight lending rate by 0.5%. This decision comes amid growing concerns that the Fed might be “late to the party,” as the U.S. faces an escalating unemployment rate, now rising more swiftly than previously expected. Recent revisions have painted a gloomier […] Share on Facebook Share on Twitter
11 Sep 2024 Mortgage Rates Reflect Upcoming Shift in Federal R... In a widely expected shift, the Federal Reserve is gearing up to reduce interest rates at their next meeting on the 18th of this month, specifically the Fed Funds Rate and the Fed Discount Rate. This maneuver, aims to stimulate economic activity by easing the cost of borrowing. The Fed Funds Rate is the cornerstone […] Share on Facebook Share on Twitter
26 Jul 2024 The Rise of the Refinance In the ever-evolving landscape of personal finance, homeowners are increasingly turning to mortgage refinancing as a strategic tool to improve their financial stability. As the burden of credit card balances, student loans, and auto loan debts grow, the allure of tapping into home equity has become more appealing. Presently, refinances account for a significant 35% […] Share on Facebook Share on Twitter
9 Jun 2024 Fed Pivot on the Horizon? As the Federal Reserve gears up for its meeting next week, could the financial community get thrown a curveball that could hint at a rate cut sooner than projected? Central to this debate are the dual mandates of the Fed: controlling inflation and maintaining full employment. But with recent data indicating a softening in the […] Share on Facebook Share on Twitter
18 Dec 2023 A Gift-Wrapped Fed Policy Change Cheers Markets In a move that mirrored Santa Claus’s penchant for unexpected gifts, Federal Reserve Chairman Jerome Powell delivered an early Christmas present to financial markets this week. In a shift from its aggressive rate hiking stance, the Fed is starting to signal their rate hikes for this cycle may be at an end, bringing an air […] Share on Facebook Share on Twitter
