Creating a budget may sound like a hassle, but taking a moment to track, categorize, and plan your spending can really pay off, both now and years from now. A well-planned budget helps you take control of your finances and use your money thoughtfully, rather than spending randomlyâa habit that can cause trouble when itâs […]
The post Determining The Right Budget Categories appeared first on SoFi.
Itâs no secret that fixed-rate mortgages have dominated the mortgage market in recent years, mainly because theyâre just so darn cheap. Theyâve been breaking records left and right thanks to the bleak economic outlook and the Fedâs continued buying of mortgage-backed securities. But they arenât the only types of home loans benefiting â unfashionable adjustable-rate [&hellip
The post Making the Argument for an Adjustable-Rate Mortgage first appeared on The Truth About Mortgage.
Life can be unpredictable, and financial setbacks can crop up at any time–whether thatâs a job loss, medical or dental bills, a fender bender, or a major appliance that suddenly stops working. An emergency savings fund is a lump sum of cash set aside to cover any unanticipated expenses or financial emergencies that may come […]
The post Why Having Emergency Savings Should Be a Financial Priority appeared first on SoFi.
Everyone knows mortgage rates are low. But just how low are they compared to historical averages, or should I say, medians? Well, fortunately John Burns of John Burns Consulting did the math for us in a recent newsletter. Currently, 30-year fixed mortgage rates for conforming mortgages sit at 3.51%, on average, per the latest Freddie [&hellip
The post Median 30-Year Mortgage Rates Over the Past 42 Years first appeared on The Truth About Mortgage.
While the stock markets get a full day off for Good Friday, bond traders aren’t so lucky this year.
Just a few short hours ago, the Federal Reserve released the hotly anticipated FOMC “minutes” from its two-day meeting that took place back on April 30th and May 1st, 2013. The contents werenât all that exciting, though they seemed to be enough to result in a 200+ point stock market swing. The markets opened considerably [&hellip
The post The Fed Minutes and Mortgage Rates first appeared on The Truth About Mortgage.
A Yahoo! Finance blogger named Rick Newman claims Ben Bernanke cost him $53,000 on his recently acquired mortgage. The issue revolves around the latest testimony from the Federal Reserve boss, who revealed the Fed could taper purchases of mortgage-backed securities (MBS) in the not-so-distant future. If the Fed tapers its purchases, supply of MBS will [&hellip
The post Blogger Claims Bernanke Made His Mortgage ,000 More Expensive first appeared on The Truth About Mortgage.
Want to earn money from your phone? We rounded up some of the best money-making apps thatâll pay you to take surveys, watch videos or play games.
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Being your own boss is great. You get flexibility and the ability to pursue the things you care about. But as the boss, you also have to deal with all the administrative and financial details an employer might typically take care ofâlike choosing the right retirement plan. Though it may require a little more action […]
The post Retirement Options For the Self-Employed appeared first on SoFi.