The current interest rate for a 10-year fixed-rate mortgage is 2.125%. This is down from yesterday. Although less common than 30-year and 15-year mortgages, a 10-year fixed rate mortgage typically gives you lower interest rates and lifetime interest costs, but a higher monthly mortgage paym...
The Fed’s interest rate repression during the Financial Crisis caused banks to slash the interest rates on CDs to near-0%. The cashflow of savers was sacrificed at the altar of asset-price inflation. And CD balances plunged, as deposits mostly reverted to ot...
Your year is up and you still don’t have the money. If you are struggling now to make ends meet, chances are you will be in the same boat in a year.For some reason not having to pay interest for a year often gets confused with not having to pay on that bill at all. So again...
Paying the Price for a Boom Built on Debt ; Even after an Interest Rate Cut Yesterday, Some Banks Put Up Their Mortgage Rates. the MPC and the Government Need to Take Far More Drastic ActionNOT so long ago, if the Bank of England cut interest rates every mortgage lender in the country...
Recessions happen especially when the Fed raises rates: Now he sees bubbles? My two cents: I believe this next charts sums up where we sit today: Here’s how to read the chart: Current state today is a “Disinflationary Boom.”