The question of where interest rates are headed is an important one for borrowers, savers, and investors alike, and in this article we take a closer look at expert predictions for the next five years and explore what the Fed's policy decisions mean for your financial future. The Federal Reserve acts as the captain of the interest rate ship. They set course primarily through the federal funds rate, which affects banks' borrowing costs. These costs ripple throughout the financial system, affecting everything from mortgages and car loans to credit card interest rates. Interest rates are currently changing compared to the…
Author: Private Lending Agent
DONCASTER, United Kingdom, July 14, 2024 (GLOBE NEWSWIRE) — Mortgages Remortgages, Doncaster's leading fee-free mortgage broker, has announced it is expanding its service area to more parts of Yorkshire and Lincolnshire. The company has now built on its reputation as a trusted mortgage advisor in Doncaster, providing expert mortgage advice to customers in Sheffield, Leeds and Scunthorpe. Home Loan Refinancing Home Loan The expansion will allow many more homebuyers and homeowners across Leeds, Scunthorpe and Sheffield to benefit from the company's tailored mortgage advisor solutions, and customers in these new areas can expect the same personalised service and expert guidance…
A fire broke out at the Fox Glen Professional Offices at 400 Fox Glen Court in Fox River Grove early Sunday morning and took firefighters nearly three hours to put out. | Photo: Nick Rusin More than a dozen fire departments worked for several hours, despite bad weather, to put out a blaze that caused extensive damage to an office building in Fox River Grove. The Barrington Countryside Fire Department was dispatched to Fox Glen Specialist Office, located at 400 Fox Glen Court in Fox River Grove, around 12:40 a.m. Sunday on a report of a structure fire. The Fox…
KKR Real Estate Finance Trust (NYSE:KREF – Get Free Report ) and Vornado Realty Trust (NYSE:VNO – Get Free Report ) are both finance companies, but which business is better? We compare the two businesses based on the strength of their dividends, earnings, risk, analyst recommendations, valuation, institutional holdings and profitability. Profitability This table compares the net profit margins, return on equity, and return on assets of KKR Real Estate Finance Trust and Vornado Realty Trust. Net profit margin Return on equity Return on assets KKR Real Estate Finance Trust -1.39% 10.38% 1.97% Vornado Realty Trust 5.07% 3.02% 0.87% Analyst…
Popular financial columnist explains why he ditched ultra-low interest mortgages and paid off debt earlyWould you rather sit back and relax in a home with your mortgage paid off, or take out a super low interest mortgage and put your money elsewhere?A year ago, Washington Post personal finance columnist Michelle Singletary and her husband crunched some numbers and decided to refinance their 30-year mortgage to 15.As Singletary noted in a recent column, the couple paid off their mortgage over a period of seven years, and the sense of freedom she described as “maybe similar to that of a bird released…
Get your free copy of Editor's DigestFT editor Roula Khalaf picks her favourite stories in this weekly newsletter.The European Central Bank is widely expected to keep interest rates on hold when it meets in Frankfurt next week, and investors will be closely watching for signals about the timing and size of any future policy changes.Markets are expecting further rate cuts in September, with around an 85 percent chance that the ECB will cut its benchmark deposit rate by 0.25 percentage points to 3.5 percent.But policymakers appear determined to keep their options open, unlike earlier this year when they clearly signalled…
The East Dorset commercial property scheme is now 70 per cent let following a series of recent deals. Bedrock Park is a speculative development by Northwood Urban Logistics and comprises 26 trading counters, industrial and warehouse units located on Vulcan Way, Ferndown Industrial Estate. Unit 17, the largest building at 33,735 sq ft, has a gated garden area, 8.4m internal height, a fully equipped office on the ground floor and solar panels and is already let. Unit 26, a 2,886 sq ft warehouse, is also already let and has a fully equipped office on the ground floor. Unit 14 is…
Mortgage rates are fairly stagnant right now, with some not moving at all and others only increasing or decreasing by 3 basis points or less.You may be wondering when mortgage rates will fall enough to have a noticeable impact on your monthly payment. The answer? Probably not in 2024, but in 2025. The Federal Reserve may only cut the federal funds rate once this year, but it will likely cut it four times in 2025. When the federal funds rate falls, mortgage rates tend to follow.Current mortgage interest ratesAccording to the latest Zillow data, current mortgage rates are as follows:30-year…
Thanks to several interest rate hikes by the Federal Reserve, current savings account interest rates are at their highest in a decade. That said, savings account interest rates vary widely from bank to bank, so when shopping for a savings account, it's important to make sure you're getting the best rate possible. Below is a breakdown of current savings account interest rates and where to find the best offers.Overview of today's savings ratesAccording to the FDIC, the national average savings account interest rate is 0.45%. While that may not seem like much, it's a steep increase in a short amount…
To the Editor: As I read about how high interest rates and credit card debt are hurting people in our state, I think of the rising interest rates on many credit cards, even though most people who aren't in the 1% rely on credit cards to help them live a better life. I don't understand how our government allows this to happen. I remember when credit card interest rates were 6% to 10% and were tax deductible. Some government somewhere decided to punish credit card use by allowing credit card companies to charge whatever they want in usurious interest rates.I…