Turkey's ongoing economic rebalancing process has seen falling inflation and the current account deficit, stabilizing single-digit unemployment, and a slowdown in real economic activity. While hopes of a rate cut are growing, so are doubts about the dollar's potential to appreciate. The Central Bank of the Republic of Turkey (CBRT) reaffirmed its commitment to maintaining a tight monetary stance and hinted that interest rates could be cut as early as September. Notably, international analysts have predicted that the dollar could reach ₺36.00 by the end of the year. Inflation, current account deficit Recent data suggests that Turkey's rebalancing of the…
Author: Private Lending Agent
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.Summary 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…
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…
Currently, some mortgage rates are rising while others are falling. For example, 30-year fixed mortgage rates are up 6 basis points to 6.76%, while 15-year fixed mortgage rates are down 7 basis points to end below 6% at 5.98%.The U.S. Bureau of Labor Statistics released June employment data yesterday, showing that the national unemployment rate rose to 4.1% instead of the 4% economists had predicted. This could be good news for mortgage rates, as the Federal Reserve wants to see signs that the economy is cooling before lowering the federal funds rate. Some believe that the rise in unemployment could…
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. Mortgage rates are entering July slightly higher than last month, with 30-year mortgage rates averaging about 6.71% this week, according to data from Zillow, but recent economic data suggests rates are expected to return to a downward trend soon.On Friday, the Bureau of Labor Statistics said the U.S. economy added 206,000 jobs in June, slightly more…
Explanation photo (photographed by Nam Khan) Hoang Minh Nhat Joint Stock Company, a rice exporter in Can Tho City's Thủ Lai district with annual sales of trillions of dong, said its CEO Nguyen Van Nhat that the company had borrowed money from Vietcombank Can Tho at an annual interest rate of 5 percent and had received a new loan from Vietinhbank Can Tho at an annual interest rate of 4.8 percent. Previously, the company had received an 18-year loan from Vietcombank Can Tho. In mid-2023, the company received a loan from the bank with an annual interest rate of 6.5%.…
Ireland's commercial property market recovered strongly in the second quarter, according to data from estate agents Sherry FitzGerald.Investment activity reached €523 million, up from a “very weak first quarter” in which investment turnover fell to a record low of €163 million.Transaction volume also recovered, with 34 sales completed over the three-month period, the highest number since the third quarter of 2022.Jean Behan, head of research at Shelley Fitzgerald, said the recovery was due to a broader improvement in economic conditions in the third quarter.”The second quarter saw market sentiment strengthen as lower interest rates, an improving economic outlook and more…
A New York jury has found Vishal Garg, CEO and founder of digital mortgage lender Better.com, liable for breach of fiduciary duty and embezzlement in a decade-long lawsuit brought by former partner Raza Khan. Garg plans to appeal. The court ordered Garg to pay $5.5 million to the Education Investment Finance Corporation (EIFC), which the partners set up in 2009. The amount includes $2.3 million for breach of fiduciary duties, $2.2 million for embezzlement and $1 million for punitive damages. The funds will be used to pay the company's creditors, including the Internal Revenue Service (IRS). Garg said he was…
To CoStar Group CEO Andy Florence, the recent trade secrets lawsuit filed against the company by Move, Inc., the parent company of rival real estate listing portal Realtor.com, is all a “PR stunt.” “They're essentially inventing a false story, using relatively inexperienced people as pawns, and then getting that story out there,” Florence said. “So why do they do that? What's their strategy? Realtor.com is owned by NewsCorp, a global, very sophisticated media organization run by the Murdoch family, and they have a stronghold in the media industry.” In response to Florence's comments, a Realtor.com spokesperson said, “We don't comment…
Attorneys for both Ginnie Mae and Texas Capital Bank (TCB) are seeking a stay before the magistrate judge presiding over the HECM tail collateral litigation in the U.S. District Court for the Northern District of Texas to decide separate motions filed by the parties, one seeking a change of venue to another court and the other seeking partial summary judgment. The move marks a rare agreement reached by the two parties in this litigation, each with different points of view. TCB is seeking partial summary judgment on the first paragraph of its original complaint, which alleges that Ginnie Mae violated…