When it comes to the mortgage and housing markets, there’s been no shortage of gloomy news for months. This generally involves slumping sales, lower prices, and higher rates. All of the above are interconnected to some extent. The interconnection can be summed up in a single paragraph: Home prices surged post-covid as demand greatly outpaced … [Read more…]
While the market as a whole is flat so far in 2023, travel stocks like Airbnb, Delta and American Airlines are soaring.
Maybe you saw a reality TV show where a segment about house flipping was featured and you suddenly said to yourself, âHey, I can do that!â Or perhaps youâve been successful at flipping a property once and, as a result, your friends and family are now trying to convince you to take a bigger bite […]
The post A Complete Guide to Flipping Houses appeared first on Fancy Pants Homes.
It’s not uncommon for children to carry around a cell phone these days, but technology shouldn’t be handed over without a clear set of rules and expectations. Here are some guidelines about when tykes should become techies and how to navigate the costs along the way.
The post MintFamily with Beth Kobliner: When Should Tykes Become Techies? appeared first on MintLife Blog.
Some different products or ideas lose popularity, or fall from grace. Maybe it’s no longer relevant, or simply wasn’t as good as it was marketed to be. These things were once highly regardedâeven overratedâbut turned out to be very short-lived. Do you know of any ideas or products that were once touted as great or … Read more
Letâs face itâmarriage is a huge step. There is a lot that goes into making a relationship work, and finances can often bog a couple down. Thatâs why it is important to be up-front about money matters. To many, managing finances separately seems to be the most logical choice in skirting stress, but in fact, […]
The post Love and Money: Financial Tips for Newlyweds appeared first on Good Financial Cents®.
Itâs not possible to take a loan from an IRA or Roth IRA. Making an early withdrawal from an IRA is an option, but that comes with taxes and penalties. You can borrow money from a 401(k) plan, however, without any penalties. Read on to learn the impact of an early withdrawal from an IRA […]
The post Is It Possible to Get an IRA Loan? appeared first on SoFi.
Today, I’d like to introduce you to Alyssa Padgett. You probably remember her from How This Couple Bought an $11,500 RV, Traveled To All 50 States, and Built A Thriving Business. Alyssa self-published her first book and has sold more than 13,000 copies. She is now earning a great passive income of over $200 a […]
The post How Alyssa is making $200 a DAY in book sales passively appeared first on Making Sense Of Cents.
The Federal Reserve directly controls the shortest term lending rates. Mortgage rates are dictated by longer-term bonds in the open market, but traders of those bonds are frequently influenced by the outlook for Fed rate hikes/cuts. The Fed officially hikes/cuts rates at 8 regularly scheduled meetings each year. The most recent hike took place on February 1st. It had nothing to do with the spike in mortgage rates that has take place since then. In fact, the spike in mortgage rates was driven by economic data beginning on February 3rd. This had an impact on the market’s expectations for future Fed rate hikes. In addition to the 8 regularly scheduled meetings, the Fed also releases the “minutes” from each of those meetings 3 weeks after they happen. Today brought the minutes from the Feb 1st meeting (the one that didn’t really matter because markets already knew what was going to happen). Given that all the recent rate drama happened AFTER the Fed meeting in question, there wasn’t much to glean from these meeting minutes. As such, it’s no surprise to see today’s rates very much in line with yesterday’s. The only downside is that yesterday’s rates were the highest in several months with the average lender quoting 6.87% on a conventional 30yr fixed. In the bigger picture, bond traders (the people who determine mortgage rates, among other things) are going to be cautious about pushing rates lower in any exciting way until new economic data makes a clearer case that inflation is subsiding and that the Fed’s restrictive policies are putting a dent in the economy.