US auto loan interest rates rose slightly in May and June 2024. However, the period of steep interest rate increases appears to be over. In the US, interest rates on 5-year car loans fell from 2019 to December 2021, reaching a low of 3.85%. However, interest rates have risen sharply in the following years, reaching 7.9% in February 2024. The average size of new car loans and leases in the US has risen in recent years, further increasing the burden on borrowers. How many cars are financed in America?Auto loans exist because not everyone who wants or needs a car…
Author: Private Lending Agent
A closer look at the best business loans for womenNotable features: SBA 7(a) loans are the most common type of SBA loan and can be used for a variety of purposes. These loans are partially guaranteed by the U.S. Small Business Administration, like most other types of SBA loans. Maximum loan amounts can reach $5 million or more in some cases.Why we like it: An SBA 7(a) loan will offer women entrepreneurs low interest rates and long repayment terms, plus the versatility to use the funds for working capital, supplies, inventory, equipment, real estate and other purchases. Also, because of…
There are many grant programs available to small businesses, depending on a variety of qualifying factors. — Getty Images/ljubaphoto Editor’s Note: Is your small business one of the best in America? Apply for our premier awards program for small businesses, the CO—100, today to get recognized and rewarded. One hundred businesses will be honored and one business will be awarded $25,000. Apply here! Whether you’re starting a new small business or looking to grow the one you already own, finding funding can be a challenge for businesses of all sizes. If you’re looking for a small business loan or grant,…
Find out what’s happening with mortgage rates today and calculate monthly repayments across a range of different rates and deals. 28 June: 400k Households To See 50% Increases More than three million borrowers could face shock increases in their mortgage payments over the next two years, writes Jo Thornhill. According to the latest Bank of England data, these households are currently paying mortgage rates at under 3% but are due to remortgage onto what will inevitably be more expensive deals between now and the end of 2026. Around 400,000 households will see a significant increase in their monthly mortgage payments…
Top 3 Sales No. 1 PP & J Properties sold the 17,280-square-foot property at 13300 Ramblewood Drive in Chesterfield to F2P Investments VA LLC for $2.2 million. Cliff Porter and Byron Holmes of Porter Realty represented the seller. #2 8804 Patterson Ave LLC purchased 12,888 square feet at 8804 Patterson Ave. in Henrico for $2 million. Alease Washington with ICON Commercial represented the buyer. #3 Browns Hill Investments LLC purchased a 4,200-square-foot lot at 360 Browns Hill Court in Chesterfield from Railey Hill Investments for $950,000. Tucker Dowdy and Russell Wyatt of Commonwealth Commercial Partners represented the seller. Top 3…
With the U.S. commercial real estate sector poised for a major comeback, here are three commercial real estate stocks to buy. In February, “longtime investor” Sonny Kalsi told Barron's that he expects the commercial real estate sector to bounce back in 2025. The magazine noted that Kalsi, who co-manages BGO, the investment arm of Canadian insurance company Sun Life, handles about $80 billion in commercial real estate investments. While the bottom 25% of office property has died out during the work-from-home pandemic, the top quartile of offices is still full and paying high rents, Kalsi explained. Moreover, buyers of the…
Istanbul International Monetary Fund (IMF) Managing Director Kristalina Georgieva said on Thursday that the U.S. Federal Reserve should keep interest rates on hold until the second half of the year.He said that given significant upside risks, the Fed should keep rates at current levels “at least through the second half of 2024.”Geogieva said the U.S. economy was supported by “increasing labor supply and productivity” during the Fed's unprecedentedly aggressive tightening cycle in recent years.”I want to recognize that the lesson we've learned over the past few years is that we're in more uncertain times,” she said at a news conference.…
With interest rates holding high, now is an ideal time for you to move your money out of simple savings and into a stronger account offering easy access to your money and a safe place to more quickly grow your funds for everyday transactions, to meet a short-term goal or to build up your emergency reserve.You can find a wide range of savings accounts at your neighborhood bank, your credit union or online — but digital accounts are offering the strongest rates today. These FDIC-insured high-yield accounts earn you interest at up to 10 times the national 0.45% savings average…
International Monetary Fund (IMF) Managing Director Kristalina Georgieva speaks at the 2024 CNBC CEO Council Summit in Washington, DC on June 4, 2024.Shannon Finney | CNBCThe head of the International Monetary Fund said the Federal Reserve should wait “at least” until the end of the year to cut interest rates. The 190-nation body said the United States is the only G20 nation growing above pre-pandemic levels and that “robust” growth points to continued risks to rising inflation.”We see important upside risks,” IMF Managing Director Kristalina Georgieva said at a press conference on Thursday. “Given those risks, we agree that the…
BHGRE was prominently featured in the recently released 2024 NAHREP Top 250 Latino Agents report. Below are the BHGRE-affiliated agents who made the list and their respective categories: Congratulations to all network members who were selected for this prestigious list. Top 250 Private Agents:#36 Christian Cobo Better Homes and Gardens Real Estate Elite#98 Iris Rivera Better Homes and Gardens Real Estate Maturo#44 Thelma Briffa Better Homes and Gardens Elevate Real Estate#66 Melvin Besares Better Homes and Gardens Real Estate Metro Brokers#175 Janet Ramirez Better Homes and Gardens Real Estate Integrity Real Estate Top 100 Individual Agents by Trading Volume:#24 Christian…