Annuity returns are based on market interest rates, and interest rates were recently at their highest levels since 2001, making it an overall favorable time to buy annuities, although rising interest rates will favor some products more than others.Here we look at how rising interest rates will affect different types of annuities. Fixed Index AnnuityFixed annuities pay higher guaranteed rates in line with current market conditions. Fixed index annuities are also becoming a better deal. Many annuities now offer higher return caps as insurance companies are making more money. Subscribe to Kiplinger's Personal Finance Become a smarter, more informed investor.…
Author: Private Lending Agent
You may also like: This report will examine the top nine trends impacting the real estate industry in 2024. One of the key underlying drivers for these trends is a relocation from big cities to the suburbs. But there are several other important changes in the real estate space to keep an eye on over the next 18-24 months. With that, here are some of the most important real estate trends to know: 1. Home Prices Continue To Climb Due to the increased demand for single-family homes and dwindling supply, prices for single-family homes have increased by 43% over the…
Lisa Hopkins Cochran, a well-known real estate agent in Danville, California [https://www.abnewswire.com/pressreleases/danville-ca-realtor-emphasizes-the-importance-of-choosing-the-right-real-estate-professional_701514.html]shares essential advice for anyone trying to navigate the complexities of the real estate market, whether they're selling or buying a home. Her insights are designed to help both buyers and sellers make informed, strategic decisions that align with their real estate goals.”For sellers, the completeness of disclosure documents is extremely important,” Lisa explains. She emphasizes that thorough disclosures can protect sellers from future disputes, which is especially important advice in today's litigious environment. This attention to detail is what sets her apart as a top Danville, California real…
The 2024 Rocket Mortgage Classic reached its final round at the Detroit Golf Club on Sunday, June 30. Cam Davis won the PGA Tour event by one stroke over Ming Woo Lee, Akshay Bhatia, Aaron Lai and Davis Thompson. While Davis stunned fans with his phenomenal performance, some of the players initially tipped as favorites to win struggled, including Tom Kim and last year's winner Rickie Fowler, who both underperformed in PGA Tour events. Here are the top five golfers who underperformed at the 2024 Rocket Mortgage Classic. Five golfers who underperformed at the 2024 Rocket Mortgage Classic #1 Tom…
What is the difference between a home equity loan and a home equity line? Leveraging the equity in your home with real estate financing is a smart way to reach your financial goals. Two popular options for leveraging this equity are home equity loans and home equity lines of credit (HELOCs). Both offer homeowners access to funds based on the value of their property, but each has different characteristics and fits different financial needs. In this comprehensive guide, we delve into the nuances of home equity loans and home equity lines, highlighting the pros and cons of each to help…
Chicago's downtown office market continued to struggle in the first half of 2024, with vacancy rates at an all-time high and office employment declining. But it's not all bad news: Recently constructed or renovated top-end skyscrapers are booming as companies lure employees back to downtown with prime office space for lease.”The old adage that success begets success is true,” said Robert Sevim, Chicago region president for commercial real estate firm Savills.Employers leased more than 2 million square feet downtown in the second quarter, well below the pre-pandemic average and with a record 29.3% of office space available, according to Savills'…
Any affiliate links to products on this page are from partners who pay us a commission (see our advertiser disclosure and partner list for more information), but our opinions are our own. Find out how we rate mortgages and write an unbiased product review. There has been a lot of uncertainty about whether and when mortgage rates will fall, but it is starting to look like rates are finally trending lower in 2024.According to data from Zillow, 30-year mortgage rates averaged about 6.58% in June, down from the previous month but still a bit higher than rates in January 2024.For…
On Monday, July 1, 2024, with the start of the Independence Day holiday week, average interest rates for 30-year and 15-year mortgages will increase slightly.The current average interest rate for a 30-year fixed mortgage for both purchases and refinances is 7.00%, up 5 basis points from 6.95% for purchases and 6.94% for refinances last Monday. Rates for 15-year mortgages are averaging 6.50% for purchases and 6.54% for refinances, up 11 basis points from 6.39% for purchases and 6.43% for refinances early last week. The average interest rate for a 30-year fixed jumbo mortgage is 7.06%.Mortgage interest rates for Monday, July…
Official data on property sales for June is expected to be released this week.With interest rates expected to remain high into the third quarter of the year, there will be little relief for the struggling market in the coming months, said Derek Chan, head of research at LikaCorp Properties Ltd. He predicted transaction volume in the second half of the year would be about one-fifth lower than in the first half. 24:45The harsh reality of life in Hong Kong's “coffin houses” | Talking Post with Yongdeng La-TuThe harsh reality of life in Hong Kong's “coffin houses” | Talking Post with…
Official data on property sales for June is expected to be released this week.With interest rates expected to remain high into the third quarter of the year, there will be little relief for the struggling market in the coming months, said Derek Chan, head of research at LikaCorp Properties Ltd. He predicted transaction volume in the second half of the year would be about one-fifth lower than in the first half. 24:45The harsh reality of life in Hong Kong's “coffin houses” | Talking Post with Yongdeng La-TuThe harsh reality of life in Hong Kong's “coffin houses” | Talking Post with…