Over the last few months, people have been working from home, and speculation is rampant as to how many of us will make this our new norm. For some, dressy attire at the office has been traded in for pajamas and the laptop on the bed. Meanwhile, financial companies continue to process ...
If you own your home, your home equity may make it possible to access a significant amount of money when you need it. In fact, theaverage homeowner has around $206,000 of tappable equityin their homes. Moreover, home equity lending options typically offer competitive interest rates since the...
Building an investment portfolio may require personalization and finesse, but it can also be ultra-simple.
10 Kitchen Trends to Watch in 2025 Refreshing your kitchen in 2025? These 10 top trends will help you achieve style and functionality. Liz Brumer-SmithJan. 22, 2025 Seattle Housing Market Forecast Limited housing supply, buyer competition and high interest rates will maintain high home prices th...
“When people think about home values, they often mean, ‘This is the price that I could sell it for if I were to sell it today,’ or ‘This is the way a bank would value it if I were to go talk to the bank about getting a home equity loan or maybe refinancing ...
The speed at which rates went up is certainly a factor on the speed at which they will then come down. Having said that, we are not returning to thesuper-low interest rate worldthat we found ourselves in during 2020 and 2021. It is important to remember that overnight rates are only ...
And don't forget to lock in your mortgage rate after you've made your decision, so you can rest assured that it won't increase again before you actually close on your home. The bottom line While mortgage rates are higher than they were a few years ago, both new homebuyers and existing...
Usually, high inflation rates also correspond to high interest rates as lenders need to compensate for the decline in purchasing power of future interest and principal repayments. This results in higher costs of doing business and place an overall drag on the economy. Currently, CDs and Savings ...
The rate also influences short-term interest rates, albeit indirectly, for everything from home and auto loans to credit cards, as lenders often set their rates based on theprime lending rate. The prime rate is the rate banks charge their most creditworthy borrowers—a rate that is also influ...
if interest rates were to rise very quickly, it would yield dramatic, negative effects on bond prices and currencies, and stunt growth in the real economy. Companies would suddenly and unexpectedly be hit with higher borrowing costs. This would hurt earnings, increase their cost of capital, and...