Category: Financing

More Predictions Point Towards “Higher for Longer” Interest Rates

June 10th, 2024
Remember how everyone thought interest rates would be slashed this year? Buckle up, because the Federal Reserve just switched gears, and now the mantra is "higher for longer." Let's unpack what this means for your wallet, your home, and the …Read more  »

Surprise Job Growth Throws Fed Interest Rate Predictions into Disarray

June 10th, 2024
Buckle up, because the latest US jobs report has thrown a wrench into everyone's economic predictions. Here's the skinny: everyone thought the job market was cooling down, but instead, it exploded in May, adding a whopping 272,000 new positions – …Read more  »

When Will Mortgage Rates Go Down to 3%: Predictions Reveal!

June 10th, 2024
If you are a prospective homebuyer or homeowner looking to refinance your mortgage, you might be wondering when will mortgage rates go down to 3% in the US. The answer is not anytime soon, according to most experts and forecasts. …Read more  »

Interest Rate Cuts: Citi vs. JP Morgan – Who’s Right on Predictions?

June 10th, 2024
The financial world is abuzz with anticipation as two of the leading financial institutions, Citigroup Inc. and JPMorgan Chase & Co., have revised their forecasts for the Federal Reserve's interest-rate cuts. The revisions come in the wake of robust employment …Read more  »

Interest Rate Predictions for Next 2 Years: Expert Forecast

June 9th, 2024
If you're buying a house, refinancing a mortgage, or just keeping an eye on your wallet, understanding the Federal Reserve's interest rate decisions is crucial. These rates affect everything from borrowing costs for cars and homes to the returns you …Read more  »

Mortgage Rate Predictions for Next 3 Years: Double Digit Rise

June 9th, 2024
A new survey by the New York Fed paints a concerning picture for homebuyers. Consumers expect mortgage rates to soar to 10% within three years, a significant jump from current levels. This surprising forecast predicts that mortgage rates will climb …Read more  »

Next Week’s Interest Rate Predictions: Will Fed Hold or Cut Rates?

June 9th, 2024
All eyes are glued to the upcoming Federal Open Market Committee (FOMC) meeting on June 11-12, 2024. The decisions made within these hallowed halls have the power to send shockwaves through the global financial system, and this meeting is no …Read more  »

FDIC Problem Bank List: 63 Banks Now on Watch in 2024

June 9th, 2024
The FDIC Problem Bank List is a confidential list maintained by the Federal Deposit Insurance Corporation (FDIC) in the US. It identifies banks that are considered to be at risk of failing financially. Here's a breakdown of what it is …Read more  »

US Banking System Insolvency: Is a Crisis Coming Up?

June 9th, 2024
The year is 2024. Whispers of a looming financial crisis have begun to circulate, casting a shadow over the once-assured stability of the US banking system. Headlines raise questions about bank insolvency, sparking anxieties among consumers and businesses alike. But …Read more  »