Fed Hikes Rates by a Quarter Point and Indicates Increases May Be Nearing an End
The Federal Reserve increased interest rates by another 25 basis points yesterday, bringing the benchmark rate to a range of 4.7% to 5%.
The Federal Reserve increased interest rates by another 25 basis points yesterday, bringing the benchmark rate to a range of 4.7% to 5%.
Mortgage applications to purchase a home dropped 6% last week as mortgage interest rates continue to rise.
The Federal Reserve raised interest rates by half a percentage point, a dialed back hike compared to the previous four three-quarter-point hikes.
The Central Bank is expected to approve the fourth massive interest rate hike this month, but investors are more interested in the search for signs of a slowing tightening pace.
Market bottoms don't come with an all-clear signal, but missing the best days of the market can shockingly damage your portfolio's long-term growth. That, and more, in this installment of Advisor Commentary.
Don’t be fearful of all debt. The correct amount of good debt can increase your ability to save for the future, build wealth and enhance your life.
The Central Bank's benchmark lending rate target is now 3-3.25%, the highest it's been since 2008.
Curious to learn more about what goes in to calculating your mortgage rate? Here are the basics.