Category: Economy

When it comes to the economy, inflation and interest rates are two crucial concepts that are intertwined with each other. Interest rates refer to the cost of borrowing money, while inflation is the increase in prices of goods and services …Read more  »

If you are thinking of buying a home or refinancing your existing mortgage, you might be wondering why mortgage rates are so high in 2023. Mortgage rates have been climbing steadily since December 2021, when they hit a record low …Read more  »

As of now, 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 in its September 2023 meeting. However, the Fed signaled that there could be another hike …Read more  »

A credit score of 700-800 is considered very good. It is above the national average credit score, and it will qualify you for the best interest rates and terms on loans and credit cards. An 800 credit score is considered …Read more  »

Buying a home is a major life milestone, and it can be especially daunting for first-time homebuyers. The down payment, closing costs, and monthly mortgage payments can all add up to a lot of money. But don't worry, there are …Read more  »

If you are interested in how the Federal Reserve sets and changes the interest rate that affects the economy, you might want to look at the trends of the federal funds rate over the last 20 years. The federal funds …Read more  »

The Federal Reserve, or the Fed, is the central bank of the United States. It has the power to influence the economy by setting the target range for the federal funds rate, which is the interest rate that banks charge …Read more  »

Recently, a report posted on the Social Science Research Network found that 186 banks in the United States are at risk of failure or collapse due to rising interest rates and a high proportion of uninsured deposits. The report titled …Read more  »

  The year 2023 has been marked by a series of bank failures, leaving many to wonder what the impact of these failures will be on the housing market and the wider economy. Bank failures have been a common occurrence …Read more  »