On Wednesday, the Federal Reserve announced an increase to its federal funds rate. This is the rate at which banks can lend each other excess reserves overnight. It is a benchmark rate, not the rate individual borrowers pay. But it affects the rates of both debt and savings.The increase announced ...
If you’ve been avidly reading the headlines on the soaring real estate market, you might be thinking that now is the time to cash in…sell your spacious home and move into a smaller place you can rent or own. One issue that many sellers often don’t completely understand is the ...
It's fair to say the start of 2022 isn't the best time to purchase a home. Not only have mortgage rates climbed in recent weeks, but home prices are still sitting at record highs, making them unaffordable for many buyers. Plus, housing inventory is still extremely low, so buyers today ...
Your neighbor just sold their house for how much? Housing prices continue to soar, with Zillow estimating they could climb 21% in 2022, bolstering the already-steady gains of 2021. A real estate market this appealing might leave you wondering if now is the right time to sell your home. But ...
Last year's perfect storm of supply constraints, low-interest rates, and record-high demand led to a sharp increase in home prices. Five clear trends are emerging that will help homeowners decide if they want to engage in the real estate market this year after the median U.S. home price hit an ...
Despite being the so-called "slow" season for real estate, the housing market was a hot one in the first month of 2022.Home purchase demand remained strong, inventory was -- as usual -- extremely low, and prices kept on their upward climb.Will February be more of the same? What can you ...
Many people find managing their finances to be an intimidating task. Saving money and budgeting can help you achieve many of your life’s goals, but sometimes we lose sight of that when making day-to-day decisions. A financial vision board can help with that, providing a daily, visual reminder of your ...
You worked hard to create an attractive credit rating. It took effort and years to develop, and eventually you reached the top of the scale. And then something happened that caused your credit scores to go backwards.Although credit damage is disheartening, take heart. You know that you are a responsible ...
On Wednesday, the Federal Reserve announced an increase to its federal funds rate. This is the rate at which banks can lend each other excess reserves overnight. It is a benchmark rate, not the rate individual borrowers pay. But it affects the rates of both debt and savings.The increase announced ...
How the Nicotras are making a lasting impactGreat communities don't just happen by accident — they are formed over time by people and businesses who have a goal of strengthening and building up those around them. By looking out for the good of the community, you help create a cycle ...
According to the Congressional Research Service, student loan debt now totals more than $1.6 trillion and continues to climb, placing an economic burden on many young people that is difficult to overcome. Student loan debt has become a national crisis, and the COVID-19 pandemic made it worse.To mitigate some of ...
Before borrowing money, it’s always a wise to stop and analyze whether or not it’s really to your benefit. Any loan or charge should help, not hurt your life. There are times when it might be better to use your own resources rather than turn to a lender, but making ...