Key Takeaways The Federal Reserve has kept its benchmark interest rate at a 23-year high for a year as part of its fight against inflation, causing higher borrowing costs and discouraging spending. The Fed is expected to cut interest rates later this year, which will be a welcome development for consumers and businesses but will also take away the benefits some savers have enjoyed over the past few years. With interest rates remaining high, financial advisors suggest parking money in high-yield savings accounts and locking in higher interest rates for the long term with CDs. Advisors also recommend that investors…
Author: Private Lending Agent
Westpac NZ has changed its mortgage and term deposit rates.The move came a day after the Reserve Bank of New Zealand said it would keep its policy interest rate unchanged at 5.5%.Special fixed mortgage rates decreased for six-month (7.24% to 7.05%), one-year (7.14% to 6.89%) and 18-month (6.89% to 6.79%) terms.Standard fixed mortgage rates also fell for six-month (7.84% to 7.65%), one-year (7.74% to 7.49%) and 18-month (7.49% to 7.39%) terms.Westpac New Zealand general manager of product, sustainability and marketing Sarah Hearn said the bank would remain focused on delivering value to customers as it adapts to changes in wholesale…
Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission. In this article, I’ll share close to two decades of experience as a licensed agent and small brokerage owner in Boston to help you compete and win listings with a dynamite listing presentation. As agents, we compete for a finite number of available homes to list and sell. That’s why it’s crucial that you stand out amongst your competitors to get those listings. The real estate listing presentation is one of the most critical tools in your…
It's fine for relatives to help out when a family is struggling financially, but should family members be forced to help financially irresponsible relatives? That’s the question the OP is addressing in today’s story. Let's find out why his family thinks he should help his relative… I [M40] I have a blended family and cousins [M34] This is someone from my in-laws' side who was previously close to me. However, they have not been in contact recently due to him moving abroad and conflicts over inheritance. Recently, I have been receiving calls from various relatives both here and abroad seeking…
LOCKPORT, N.Y. — Save the Michaels of the World opened its Lockport Recovery Center in 2019 and moved to its current location on Walnut Street in May 2023. Program director Emily Bouttain said the operation has expanded significantly, averaging about 1,000 visits a month, including services to about 100 homeless people. “We've grown and we've increased our staff for safety and overall staffing reasons,” Butain said, “We've also had more supplies needed. Things like cleaning supplies that we're going to need more of, things that go through coffee cups quicker. Coffee, laundry detergent, all the things that you normally wouldn't…
Strait-bound investors are viewing the U.S. commercial real estate sector as a bargain utopia after office prices plummeted last year as the COVID-19 pandemic led to a shift to working from home. Private equity firms are targeting this sector, with 64% of all money earmarked for commercial real estate investments going to office buildings in North America, according to data compiled by Preqin, Bloomberg reported. Related article: Goldman Sachs: The worst may be over for commercial real estate market, but 'it will likely take longer to turn around' About $1 trillion in commercial real estate debt is coming due in…
Strait-bound investors are viewing the U.S. commercial real estate sector as a bargain utopia after office prices plummeted last year as the COVID-19 pandemic led to a shift to working from home.Private equity firms are targeting this sector, with 64% of all money earmarked for commercial real estate investments going to office buildings in North America, according to data compiled by Preqin, Bloomberg reported.Related article: Goldman Sachs: The worst may be over for commercial real estate market, but 'it will likely take longer to turn around'About $1 trillion in commercial real estate debt is coming due in the U.S. this…
The 90-day average score on the Altos Research Market Conduct Index for the Toledo metropolitan area has fluctuated between 50 and 54 since early March. A score of 30 or higher is considered to indicate a seller's market. According to Altos data, Toledo-area homes in the second-lowest quartile of the market (median price $199,900) have an average 90-day Market Action Index score of 84.44 and have been on the market for a median of 14 days. In contrast, homes in the top quartile of the market (median price $625,000) have a Market Action Index score of 35.9 and have been…
Fixed mortgage rates are trending lower again after a spike in bond yields last week prompted some mortgage lenders to raise certain rates. National Bank is the latest major bank to lower its posted special interest rates this week, following rate cuts by BMO and TD Bank last week. Rate cuts averaged 5-10 basis points (0.05%-0.10%), with TD cutting its three- and five-year unguaranteed rates by 30 basis points (0.30%). Many other mortgage lenders also resumed rate cuts this week, following a decline in yields on Government of Canada bonds, which typically lead the way for fixed mortgage rates. As…
While the Supreme Court has certainly garnered some attention with several decisions it has handed down this term, none will have as significant an impact on business, including commercial real estate, as its decision in Loper Bright Enterprises v. Raimondo, handed down on June 28. In that case, the Supreme Court overturned a 40-year-old legal standard first established in 1984 in Chevron USA, Inc. v. Natural Resources Defense Council, Inc., which stated that courts will defer to federal agency decisions on policy issues when the relevant statutory language is ambiguous. The so-called “Chevron principle,” or “Chevron deference,” as it came…