April 22, 2024

Finance

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Fed Holds Rates Steady Amid Uncertainty

As the United States rounds the corner into the new decade, the economy continues to churn. But even though the domestic markets are performing well, the global markets are being affected by political turmoil, potential pandemic, and varying delays and stoppages in the supply chains of some of the worlds largest companies. For this reason, the Federal Reserve has shifted into a wait-and-see approach after cutting rates three times in 2019. Last year, the Federal Reserve vowed to stand firm on their rates barring a major economic change; in their meeting on Wednesday, it became apparent that they had done exactly that. Federal Reserve chair Jerome Powell maintained the institution’s

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Mortgage Interest Rates are Rising – Here’s Why You Should Refinance Now

You knew it was bound to happen sooner or later. Historically low mortgage rates are set to rise. Have you missed out on the best deals? Perhaps now. If you’re in a position to refinance into a lower rate, here’s why you should take advantage of a refinance while rates are still low: Don’t Wait to Refinance Until it’s Too Late Rates aren’t going to rocket up exponentially, but they are looking to increase steadily over time for the foreseeable future. If you’ve been waiting for the right time to make a move and refinance, now would probably be a good time. Of course, it’s always a good idea to

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