Compound Interest: Definition, Formulas, and Solved Example
Mortgage Rates Inch Down to Lowest Levels Since Early February
Over the course of the past two days, the average conforming 30yr fixed rate has moved down to the lowest levels since early February for most lenders. In nuts and bolts terms, that’s a drop of more than half a percent. Yesterday accounted for a much larger portion of the improvement as lenders continued updating their offerings in response to Wednesday afternoon’s bond market movement (courtesy of the Fed). Bonds ultimately improved today due to a flight to safety in the broader market. In other words, investors sold riskier assets like stocks and bought safer assets like bonds. Excess bond buying results in lower rates, all other things being equal. Could the improvements continue? That depends what you’re willing to sacrifice for them. In the current case, the price of lower rates would likely be more bad news for the banking system. While nothing catastrophic happened on that front today, the market remains a bit nervous about the prospect of more unexpected drama.
Morningstar Says These Two Assets Can Protect Your Portfolio From Inflation
Letâs face it: the past few years have been pretty scary for investors. From the pandemic to the bear market and inflation, it seems like most people arenât as concerned with making huge gains as they are with simply protecting â¦ Continue reading â
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Is $6 million Enough to Retire at 55?
With smart money management, retiring at 55 years old with $6 million could be a breeze. But a lot of work has to go into the strategies you make and the actions that you take. That also includes how you â¦ Continue reading â
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Moody’s flags potential mortgage impacts at First Republic
First Republic Bank’s quality assessment as a servicer of prime residential mortgages had been put on review for potential downgrade as of Thursday night following deposit outflows and funding challenges. On a scale of one to five on which lower numbers indicate strength, the bank has had a servicer assessment SQ2-minus. “The review for possible … [Read more…]
6 Best Options Trading Platforms of 2022 – Updated for August
Warehouse lenders facing fallout from industry woes
Recent bond-rating reports shine a spotlight on the deposit and investment-portfolio shortcomings of two banks offering warehouse lines â Comerica and Western Alliance.
Bank Failures Show Us What Not to Do With Our Own Finances
Money News & Moves: Remembering important money-managing lessons that some bank execs apparently forgot.