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You’ve heard about people making extra money with simple things like playing games and answering surveys. Here’s how they do it.
You’ve heard about people making extra money with simple things like playing games and answering surveys. Here’s how they do it.
How to buy a home with a low credit score Fox Business
Jerome Powell is the Chair of the Federal Reserve–the entity that sets overnight lending rates in an attempt to keep inflation in a low, stable range. Inflation has been anything but low and stable recently, so the Fed has hiked overnight rates at the fastest pace in 40 years. Mortgage rates have also risen at the fastest pace in 40 years, but they are not directly dictated by the Fed. Rather, the Fed’s direct influence on overnight rates spills over to the rest of the rate market. The longer the duration of any given borrowing term, the less connected the interest rate may be to the Fed Funds Rate. Moreover, the market adjusts expectations for the Fed Funds Rate constantly whereas the Fed only officially hikes/cuts 8 times a year. When the Fed meets again in 2 weeks, they will certainly be hiking rates again. The only question is “by how much?” Markets had been steadfast in their expectations for a 0.25% hike, which is viewed as the minimum increment for a rate change from the Fed. With some recent data indicating plenty of economic resilience and persistent inflationary pressures, calls have increased for a 0.50% hike. In a scheduled testimony before the Senate Banking Committee today, Fed Chair Powell stopped short of specifying a number for the next rate hike, but commented qualitatively on the need to hike faster/more than previously expected. Markets consequently upped the odds for a bigger hike in 2 weeks as well as a higher ceiling expected by the end of 2023.
Mortgage rates headed past 7% after Powell warns Congress on inflation Inman
A NerdWallet rent-to-income ratio analysis of 225 U.S. cities finds that, in January, 64% of rents on the market were at or above the recommended 30% ratio.
Today’s national mortgage & refinance rates, March 8th, 2023 … Bankrate.com
Interest rates on home loans, which were already ticking upward, jumped last week, and itâs adding affordability challenges to the market.Â
Get the most out of your home renovations by avoiding home improvements that don’t add value and focusing on ones that do.
The post 12 Home Renovations That Donât Add Value (and What to Do Instead) appeared first on Redfin | Real Estate Tips for Home Buying, Selling & More.