Category: Economy

Financial Crisis 2008 Explained: Causes and Effects

March 18th, 2024
What Caused the Financial Crisis in 2008? The financial crisis of 2008 is a significant event that affected the global economy. The crisis was caused by several factors that led to the collapse of the housing market in the United …Read more  »

FHA Mortgage Rates by Credit Score: 620, 700, 580, 640

March 15th, 2024
FHA mortgage rates are typically higher than conventional mortgage rates, but they can be a good option for borrowers with lower credit scores or smaller down payments. The minimum credit score for an FHA loan is 580 with a 3.5% …Read more  »

Will Interest Rates Go Down in 2025?

March 15th, 2024
Interest rates play a pivotal role in shaping the economic landscape, influencing factors such as inflation and financial markets. The Federal Reserve, commonly known as the Fed, serves as the central bank of the US, determining the target for the …Read more  »

The Free Market Mortgage Act: What Does it Mean?

March 13th, 2024
The Free Market Mortgage Act of 2023 is a contentious piece of legislation aimed at deregulating the mortgage industry and fostering greater competition among lenders. Proponents believe it will lead to decreased interest rates, higher rates of homeownership, and a …Read more  »

Is My Money Safe in the Bank in 2024?

March 12th, 2024
Is my money safe in the bank in 2024? In recent times, people have become increasingly concerned about the safety of their money, especially after the collapse of financial institutions such as the Silicon Valley Bank (SVB). If you are …Read more  »

Mortgage Interest Rate Forecast for Next 10 Years

March 12th, 2024
If you are planning to buy a home or refinance your existing mortgage in the next decade, you might be wondering what will happen to the mortgage interest rates in the future. Will they go up or down? How much …Read more  »

When is the Next Fed Meeting in 2024?

March 9th, 2024
The Federal Reserve's interest rate policy has been a topic of much debate and speculation in recent months, with many people wanting to be updated on, "When is the Next Fed Interest Rate Decision." The next Fed meeting on interest …Read more  »

Current Fed Interest Rate in 2024 is 5.25% to 5.50%

March 9th, 2024
The current Fed interest rate is 5.25% to 5.5%. This is a 22-year high. The Federal Reserve kept the target range unchanged since its September 2023 meeting. The Federal Reserve is expected to begin a steady diet of rate cuts …Read more  »

30-Year Mortgage Rate Forecast for 2024

March 9th, 2024
If you are planning to buy a home or refinance your existing mortgage, understanding the future of 30-year mortgage rates is crucial. Predicting whether they will rise or fall and how much they will impact your monthly payments and overall …Read more  »
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