The Federal Reserve raised interest rates at a ninth straight meeting and indicated there may be more hikes to come in a clear sign it’s confident that its bid to quell inflation won’t deepen a nascent banking crisis. The Federal Open Market Committee voted unanimously to increase its target for the federal funds rate by … [Read more…]
Disparity in mortgage rates offered by lenders doubled in 2022: Study Inman
The Fed has decided to forge ahead in its fight against inflation, despite several bank closures that have caused turbulence in the financial markets.
Throughout history, there have been numerous significant events that have had a profound impact on the world. These events have shaped the course of nations, influenced political and social movements, and changed the way people live and interact with each other. 1. The Civil Rights Movement The Civil Rights Movement of the 1960s was … Read more
Owning a home comes with far more than a monthly mortgage. See which costs homeowners need to consider.
Most distressed mortgages emerged from workouts intact in February but the chargeoff rates for auto loans and credit cards are up, in part due to steep housing costs that have contributed to high levels of household leverage. The majority or 76% of borrowers who completed post-forbearance workouts on distressed homes loans from 2020 on were … [Read more…]
If you have federal student loans, you may have enjoyed a payment and interest pause for the past few years. But after receiving several extensions, the pause may be drawing to a close. While itâs still unclear when exactly the student loan forbearance will end, payments and interest accrual could resume in late August. However, […]
The post Student Loan Forbearance Extension: Can You Get One? appeared first on SoFi.
Existing home sales rose in February for the first time in a year, climbing 14.5% to a sales pace of 4.58 million, but existing home sales were still down 22.6% on a yearly basis.