Stay up to date with free updatesSimply sign up to the myFT digest on US inflation, delivered straight to your inbox.A senior Federal Reserve official urged keeping interest rates on hold for an “extended period,” saying lowering borrowing costs before inflation is contained would endanger the foundations of U.S. prosperity.Minneapolis Fed President Neel Kashkari also told the Financial Times podcast “The Economics Show” that Americans' “innate” aversion to inflation means some people would prefer a recession to higher prices.”The U.S. economy is doing very well, the labor market is doing well, inflation is coming down, but so many people are…
Author: Private Lending Agent
Key InsightsThe high level of institutional ownership suggests that KKR Real Estate Finance Trust's share price is sensitive to their trading actions.The top seven shareholders own 51% of the company.Ownership research and analyst forecast data can help you better understand a stock's opportunities.A look at the shareholders of KKR Real Estate Finance Trust Inc. (NYSE:KREF) can tell us which group is most powerful. With a 58% stake, institutional investors hold the largest stake in the company. In other words, this group stands to gain the most (or lose the most) from their investment in the company.Because institutional investors have access…
June's Beauty The lovely month of June is here… the month of roses… blooming in gardens, parks and roadsides. Elegant flowers, wonderful fragrances… worth seeking out at this time of year, the beginning of summer. Orchard flowers have spread into the meadows to allow budding fruit to grow. On the Pacific Northwest coast, May through September is a key time of year, with late spring, summer and early fall. June is the start of summer vacations, weddings, graduations and family events. Nature speaks of beauty. Observing it is very important. Real Estate Market The real estate market in early June…
irina88w/GettyImages; Illustration: Hunter Newton/Bankrate Better inflation data and evidence of slowing economic growth should push mortgage rates below 7%. Getting below 7% depends on inflationary pressures easing further. — Greg McBride, chief financial analyst at Bankrate Mortgage interest rates forecast for June 2024 Homebuyers this spring were hit with mortgage interest rates of more than 7%, and those costs could change heading into the summer as improving inflation pushes interest rates lower, according to Bankrate's latest interest rate forecast. “Improving inflation measures and evidence of slowing economic growth should push mortgage rates below 7%,” says Greg McBride, CFA, chief financial…
A significant decline in homebuyers combined with a large increase in home inventory is beginning to cool the Portland housing market. However, pending sales are increasing slightly while prices remain stable, indicating some market strength. Now is the time for sellers to put their homes on the market and conditions will be the most favorable for the remainder of the year. Over the next few weeks, market conditions are shifting in favor of buyers as new homes continue to come onto the market and competition continues to ease. Let’s take a look at the numbers and statistics…
Mortgage rates aren't likely to change much for the first week and a half of June, but after June 12, no one knows what rates will do.Many factors influence mortgage rates, but over the past two-plus years, two have had the biggest impact: the monthly Consumer Price Index and the Federal Reserve's Monetary Policy Committee meeting, both of which, by a rare calendar coincidence, take place on June 12.The CPI, which measures inflation, has the power to move mortgage rates on its own. Higher than expected inflation pushes interest rates up, while lower than expected inflation pushes interest rates down…
Key Takeaways At the beginning of 2024, the average interest rate for a new car loan was 6.73 percent, while the average interest rate for a used car loan was 11.91 percent. While your credit score plays a key role in determining your interest rate, other factors also come into play, including the lender, the amount you borrow, the length of the loan, and your financial situation. The best way to ensure a competitive car loan rate is to shop around for different loans and work on improving your credit score. If you're in the market for a car, you're…
Government pension schemes have been hit by the commercial real estate collapse, and many fear the bleeding is far from over. Government pension schemes have been hit by the commercial real estate collapse, and many fear the bleeding is far from over. Canada's National Pension Fund said in May it was selling its stakes in office buildings in Manhattan and San Francisco for $225 million less than it bought them for. In April, California's public employee pension fund said it had sold a Sacramento property it had been developing for nearly two decades. In March, a consultant warned California's teachers'…
In the U.S., Black-owned businesses don't have equal access to financial capital compared to white-owned businesses. According to the Minority Business Development Agency, causes of this disparity include racial discrimination and unfair lending practices. That's why the grants are especially helpful to Black business owners. 9 Grants for Black Business Owners Local Business Fund PowerShift Entrepreneurial Grants Wish Local Empowerment Program University Edition NBMBAA Scale Up Pitch Challenge BAR Galaxy Microgrants Support Kinetic Business Black Business Assistance Fund Comcast RISE Innovation Oakland Black Business Foundation Applying for a small business grant is a rigorous process that involves collecting tax returns,…
Philippa Meister May 31, 2024, 6:06 AM In states most at risk of extreme weather, the current cost of $3,077 could nearly double by 2030. The United States is reported to lead the world in the number of disasters caused by extreme weather, and the damage to commercial property is also hitting insurance companies hard, leading to staggering premium increases in vulnerable states. “In states with the highest risk of extreme weather, costs could nearly double from the current $3,077 to $6,062 per property per month, a compound annual growth rate of 10.2 percent. [Compound Annual Growth Rate] According to…