Hours of Work Needed to Pay Rent in the 10 Largest Cities
Here’s how much working time it costs renters to live in America’s biggest cities.
interest
Guide to Small Business Startup Loans
It takes money to make money and virtually any small business will require some startup capital to get up and running. While the personal savings of the founders is likely the most common source of startup funding, many startups also … Continue reading →
The post Guide to Small Business Startup Loans appeared first on SmartAsset Blog.
Yellen wins confirmation to become first woman as Treasury chief
Janet Yellen was confirmed by the U.S. Senate as the country’s 78th Treasury secretary and the first woman to hold the job, putting her in charge of overseeing an economy that continues to be hobbled by the coronavirus pandemic.
Mortgage and refinance rates today, January 20, 2021
Today’s mortgage and refinance rates Average mortgage rates were unchanged yesterday, as expected. So they remain exceptionally low, though a bit above the record. There may be literal fireworks over […]
Refinance soon to avoid the FHFA adverse market refinance fee
Fannie Mae and Freddie Mac’s 0.5% refinance fee is delayed until December 1. But to avoid the fee and higher refinance rates, you need to apply sooner than that.
Mortgage Rates Down Only Slightly Despite Bond Market Rally
Posted To: Mortgage Rate Watch
What’s a bond market rally and why should mortgage rates care? There are all kinds of bonds. US Treasuries would be the quintessential example, but there are also bonds specific to the mortgage market. These are what groups of loans ultimately become in order to be traded on the open market (thus allowing lenders to make more loans with less risk and lower rates). As investors buy and sell bonds throughout the day, bond prices change. The higher the price, the lower the implied interest rate. Simply put, if bonds are rallying, rates should be falling shortly thereafter. The 10yr Treasury yield is typically an excellent barometer for mortgage rate movement. 10yr Treasuries and mortgage-backed bonds tend to correlate extremely well. As such, we might expect a more significant improvement in mortgage…(read more)
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How Bad Credit Can Make Your Mortgage More Expensive
Borrowers who come to the table with lower credit scores can find that their mortgage loan costs more because of their bad credit scores. Â This is true for first-time buyers as well as people buying second or third homes. A loan costs someone with a bad credit score more because of higher interest rates and… Read More
The post How Bad Credit Can Make Your Mortgage More Expensive appeared first on Credit.com.
How to Maximize Your Tax Return for a Bigger Refund
Note: Due to the COVID-19 coronavirus pandemic, the IRS has extended the federal tax filing and payment deadline to July 15, 2020. The recent relief package passed by Congress may have additional tax implications. Please contact a tax adviser for information you may need to complete your taxes this year. Learn more. Itâs finally springâcue the… Read More
The post How to Maximize Your Tax Return for a Bigger Refund appeared first on Credit.com.
Credit Union Vs. Bank Mortgage: Which Should You Choose?
Youâve saved up your money, you found the perfect house, and youâre ready to buy. Now you just need a mortgage. Commercial banks may be the obvious choice, but they arenât the only option for your mortgage. Mortgage brokers, online mortgage lenders, and credit unions also originate mortgage loans. Credit unions and other non-banks are… Read More
The post Credit Union Vs. Bank Mortgage: Which Should You Choose? appeared first on Credit.com.
Turkey, Money, COVID, and More – The Best Interest
A smorgasbord of interesting topics in this Thanksgiving 2020 post. From the “Biot number” to investing, and COVID calculator for dessert