Generally, a growing economy (inflation) leads to higher mortgage rates and a slowing economy leads to lower mortgage rates. Inflation also greatly impacts home loan rates. If inflation fears are strong, interest rates will rise to curb the money supply, but in times when there is little risk...
Car insurance rates can be determined by a variety of factors. Read on to learn more about some of the criteria that could impact your rate.
Insurance rates are determined by an area's cost of living, how many accidents occur, the overall health of its residents, the crime rate and other statistics. For agents, location can impact insurance sales because: The cost of insurance is so high that many residents would go without it....
How are mortgage rates determined?Thinking about buying a home? You'll likely be deciding on the neighborhood, square footage, style, price and down payment you’re comfortable with. You'll also want to consider mortgage interest rates. Out of the variables listed above, the mortgage rate is...
Your RMD is determined by dividing the balance in any given account at the end of the prior calendar year by your life expectancyas assessed by the IRS. If you're 75 and single, for example, the IRS says you can expect to live another 14.8 years. If the balance in your IRA at the...
“the five Cs.” These consist of an applicant's credit history, their capacity to repay, their capital, the loan's conditions, and associated collateral. Once these factors are taken into consideration, the collateral is then appraised. Once appraised and the value determined, the advance rate...
Premiumsare the money the policyholder pays for insurance.The insurer must pay the death benefit when the insured dies if the policyholder pays the premiums as required. Premiums are determined in part by how likely it is that the insurer will have to pay the policy’s death benefit based on...
Most mortgage originators do not “portfolio” loans (meaning that they do not retain the loan asset). Instead, they often sell the mortgage into thesecondary mortgage market. The interest rates that they charge consumers are determined by their profit margins and the price at which they can se...
The effective tax rate is the average residential property taxes paid as a percentage of home value. Below are the effective tax rates for each state as of 2022 (latest information) as provided by the Tax Foundation.3 Effective State Property Taxes 2022 ...
LegalEASE-Medical liability insurance rates: How are they determined?Berkeley Electronic Press Selected WorksRonald Burkman, MDOb/gyn