Federal Reserve
What is Revolving Debt?
Although you have to pay back any money you owe, not all debt is created equal. Thereâs installment debt, like an auto loan, mortgage, or student loan, which is paid off in installments. Then thereâs revolving debt, which applies to things like credit cards and home equity lines of credit. Non-revolving and revolving debt affect […]
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Stock Market Today: Powell’s Presser Pumps the Market’s Brakes
The Federal Reserve expectedly kept rates near zero Wednesday, but Fed Chair Jerome Powell’s ensuing commentary took traders for a small whirl.
Federal Reserve Interest Rates, Explained
If you pay attention to the news, you have probably noticed that the Fed makes headlines every so oftenâand it usually dovetails with other major events. In response to a stock market spiraling in the face of COVID-19 in 2020, the Fed cut its interest rates swiftly and seriously, to between 0.0% and 0.25%. As […]
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How to Get the Most Out of Your Savings Account
[Study] Americans lack savings as a result of poor financial education – Lexington Law
5 Mortgage REITs for a Yield-Starved Market
Mortgage REITs took their lumps in the COVID downturn, but any mREIT trading today is a survivor. Here are five high-yield options that are still on the battlefield.
Rainy day funds: how to prepare for unexpected expenses
The information provided on this website does not, and is not intended to, act as legal, financial or credit advice. See Lexington Lawâs editorial disclosure […]
Bernanke Has Refinanced His Mortgage Twice in the Past Two Years
When deciding whether you should refinance your mortgage, you may look to your friends, family, and neighbors to see what theyâre doing and/or to get advice. After all, if theyâre refinancing, maybe thereâs something to it. But when it comes to financial advice, it doesnât get much better than the Chairman of the Federal Reserve, [&hellip
The post Bernanke Has Refinanced His Mortgage Twice in the Past Two Years first appeared on The Truth About Mortgage.
The Perfect Storm for Retirees
Todayâs retirees could face a perfect storm because they are living longer and spending more time in retirement, while at the same time losing access to traditional pension plans. This means they may have to use different financial planning strategies than retirees of the past.