What credit card users need to know if the Fed cuts rates in September – Yahoo Finance
Finally, the Federal Reserve appears poised to cut interest rates in September. A sigh of relief can be heard from credit card users across the country who are struggling with mounting debt balances. At 5.25% to 5.50%, the highest rate in more than 20 years, the cost of credit card debt continues to rise. Check […]
Mortgage rates edge lower | Fox Business
Erin Sykes, chief economist at Nest Seekers International, weighs in on The Bottom Line as high interest rates continue to hurt the housing market. Mortgage rates fell slightly this week but remained steady in the mid-6% range as demand in the housing market remains weak. Freddie Mac’s latest primary mortgage market survey released Thursday showed […]
Most Federal Reserve officials ready to cut rates in September if inflation keeps cooling
Most Federal Reserve officials agreed last month that they are likely to cut interest rates at their next meeting in September as long as inflation remains subdued. of Minutes The July 30-31 Fed meeting report, released on Wednesday, said a “majority” of policymakers “expressed the view that if data continue to emerge broadly in line […]
This week’s personal loan rates rise for 3-year terms, while 5-year terms fall
We provide weekly updates on the latest trends in personal loan interest rates from the Credible marketplace. (iStock) High credit rating borrowers Personal Loans Pre-approved rates in the past seven days were higher for three-year loans and lower for five-year loans compared to fixed-rate loans in the seven days prior to that. For borrowers with […]
Goolsbee says lowering interest rates next fall is not a 'certainty'
Austan Goolsbee, president and CEO of the Federal Reserve Bank of Chicago, said a rate cut this fall is not “a certainty.” “I don’t think it’s a certainty, and, you know, I don’t like having my hands tied in advance when there’s a ton of data and the entire committee has had a chance to […]
Slow the growth, save the world? Why declining birth rates need not mean an end to prosperity | Population
“W“We’re taking things from people in the future,” says Mary Heath in her kitchen as she dries seeds for planting. The environmental activist says Earth Overshoot DayIt’s an ominous annual milestone that marks the moment when humanity has consumed more fuel from the Earth than the planet can replenish in a year. Globally, the deficit […]
US single-family housing starts dented by Hurricane Beryl, higher mortgage rates
Erin Sykes, chief economist at Nest Seekers International, weighs in on “The Bottom Line” as high interest rates continue to hurt the housing market. U.S. single-family home construction fell to its lowest level in a year and a half in July, partly due to the disruption to housing activity caused by Hurricane Beryl, but an […]
US weekly job claims fall, boosting case for Fed to cut rates
The number of Americans filing new claims for unemployment benefits fell last week, surprising economists and raising hopes that the Federal Reserve will finally start cutting interest rates next month. The Labor Department said new claims for state unemployment insurance fell to a seasonally adjusted 227,000 for the week ended Aug. 10, below the 235,000 […]
Refinances surge on easing mortgage rates
Erin Sykes, chief economist at Nest Seekers International, weighs in on “The Bottom Line” as high interest rates continue to hurt the housing market. While mortgage rates remain uncomfortably high for many prospective homebuyers and sellers, recent declines in interest rates have led to a significant increase in demand for refinancing. The Mortgage Bankers Association […]
Mortgage rates rise still at one-year lows
NAHB CEO Jim Tobin talks about the changes in the real estate industry as new rules for real estate agents come into effect and how the market will impact the industry. Mortgage rates rose slightly this week but remain at their lowest levels in more than a year. Freddie Mac’s latest primary mortgage market survey […]