Category: Economy

Homeownership is often cited as a significant milestone in the pursuit of the American dream. For many, owning a home is a crucial step toward financial independence and success. However, purchasing a home outright is a challenge for most Americans, making mortgages a common …Read more  »

Debt. It's a word that can evoke feelings of stress, burden, or even motivation. In the United States, debt is a complex issue with a significant impact on individuals and families. But what exactly does "average debt" mean for Americans? …Read more  »

The International Monetary Fund (IMF) has issued a cautionary message to global economies, particularly the US and UK. Their warning? Buckle up, because interest rates, recently hiked to combat inflation, might be with us for a longer and bumpier ride than anticipated. IMF Predicts High Interest …Read more  »

In a recent interview with Bloomberg Businessweek, former US President Donald Trump shared his views on the Federal Reserve's interest rate policies. The interview, conducted at his Mar-a-Lago golf club in Palm Beach, Florida, on June 25, revealed Trump's stance …Read more  »

As the finance world watches with bated breath, the question at the top of everyone's mind is: Will the Federal Reserve lower interest rates in 2024? This topic is crucial for homeowners, consumers, businesses, and investors alike. In this in-depth article, we'll …Read more  »

In the summer of 2024, mortgage rates are predicted to stay flat or possibly decrease slightly, but not significantly drop below current levels. Wait times for a major rate decrease could be lengthy. This article explores expert predictions & helps …Read more  »

The recent climb in US mortgage rates has undoubtedly cast a shadow on the housing market, leaving many wondering if the dream of a sub-5% mortgage will ever return. Experts predict a gradual decline but 4% mortgage rates are unlikely …Read more  »

Federal Reserve Chair Jerome Powell's recent statements have been a beacon of clarity in the often murky waters of economic policy. Amidst a political landscape where the timing of policy decisions can be as scrutinized as the decisions themselves, Powell has …Read more  »

For homebuyers who've been waiting for a significant drop in mortgage rates, the news might be a little disappointing. Experts are predicting that rates will likely hold steady above 6% throughout the rest of 2024. This means that the ultra-low …Read more  »