An Ohio man weighing how to spend a sizable bonus is getting a blunt piece of financial advice from Dave Ramsey: Stop the “stupidity” and pay off student loans first. The caller to The Ramsey Show said he expects a $60,000 gross bonus (approximately $40,000 after taxes), and he and his wife currently hold around…
During the pandemic, home buyers got accustomed to sub-3% mortgage rates, which made purchasing a house feel more achievable. But in the past couple of years, buyers have had no such luck. In late 2023, mortgage rates peaked at 8%. They’ve let up some, today’s 30-year fixed mortgage rate is 6.19%, according to Mortgage News…
How is the Fed’s rate cut affecting mortgage rates? Mortgage rates have been mostly falling since late July on expectations of a Fed rate cut. The average rate on a 30-year mortgage was at 6.35% last week, its lowest level in nearly a year, according to mortgage buyer Freddie Mac. A similar pullback in mortgage…
The Federal Reserve announced Wednesday it will lower its benchmark rate by a quarter point, paving the way for relief from some of the high borrowing costs that have weighed on consumers. The federal funds rate, which is set by the Federal Open Market Committee, is the interest rate at which banks borrow and lend to one…
Lisa Cook, governor of the US Federal Reserve, speaks at the Peterson Institute For International Economics in Washington, DC, US, on Thursday, Oct. 6, 2022. Ting Shen | Bloomberg | Getty Images President Donald Trump said Friday he will fire Federal Reserve Governor Lisa Cook if she does not resign from her position. “What she…
President Trump’s massive new tax bill has a number of changes affecting homeowners. High earners who live in high-tax states are likely to get the biggest breaks. The reason? The new law bumps the cap on state and local tax deductions from $10,000 to $40,000. A boosted SALT cap will make it more advantageous for…
The Reform UK leader has repeatedly heaped praise upon the former Tory PM – whose disastrous mini-budget crashed the economy and sent mortgages spiralling 19:54, 31 May 2025Updated 19:57, 31 May 2025 Nigel Farage is a big fan of Liz Truss(Image: AFP via Getty Images) Nigel Farage would lock Britain into a “Truss-style doom loop”,…
Sun Hung Kai Properties (SHKP) scored another sell-out weekend for Sierra Sea, its mega residential project in the New Territories, as homebuyers took advantage of discounted prices that are about 20 per cent lower than those of similar properties in the district. As of 6pm, Hong Kong’s largest property developer sold all 288 of the…