The financial markets are all over the place. If you’re looking for a house, the mortgage rates just went to 7.5%. Ouch! Along with that, interest rates are going up all over the place on certain assets. With that being said, there is some good news for savers. If you are a saver and want to make the biggest bang back on your investments and savings, here are some places you should be saving your money right now.
I-bonds are a safe bet against Read more [...]
Check those savings accounts right now! Over the last few years, we’ve had a tumultuous time in the financial sector. Investments have dropped, savings interest rates have dropped, and in general, a lot of people have experienced financial hardships. These hardships range from missed mortgage payments, defaulting on loans, losing jobs, and being unemployed. Many have been trying to regain their financial foothold. Today, times are changing, and interest rates are rising. If you have a savings account, Read more [...]
The housing market has been hot. Over the last two years, people have been purchasing homes for the low interest and cashing out to secure high equity. While I did not do either, I am loving the equity I have in my home. I did refinance to take advantage of those 2% rates. Just recently the rates have been rising. If you are in this changing market, how are you coping? Those of you who lost out on the low rates, is it too late to buy?
Looking Read more [...]
Today in my finance group, everybody was raving about the new home loan rates. They swear that they have hit rock bottom, although several months ago they hit under 2%. They began the steady incline up to 3%, but this week they have a dropped down. Many of the people in the group boast about lowering their rates to save more money, but my question is, are the new rates worth it, how do the increases in home value compare, and what are the current housing market benefits?
Home Read more [...]