Since the Fed announced its 50 basis point cut, mortgage interest rates have been rising. In fact, it is 50 basis points higher since the Fed cut the federal funds rate (FFR) by 50 basis points. While we know that the Fed does not control mortgage interest rates, it seems unusual to see such a … Read more
Micro, small and medium enterprises are important to the country’s economy, promoting innovation, creating jobs and contributing to the gross domestic product. MSME loans provide funds needed to expand MSMEs or carry out day-to-day operations. However, the cost of these loans depends on the interest rate, which affects the financial health of MSMEs and their … Read more
Have high mortgage rates ruined your plans to refinance your mortgage? Well, there might be a temporary solution to save some money while you wait for interest rates to drop again. Assuming you have the extra cash on hand, you can reduce your interest expenses simply by paying more each month until you refinance. For … Read more
Published on: August 05, 2024 Personal loans usually have a repayment period of 12 to 60 months or even longer in some cases. However, there may be times when the borrower decides to repay the loan before the end of this term. This process is commonly referred to as foreclosure, and involves settling the loan … Read more
In the world of mortgage rates, it’s sometimes a game of inches. This can be true for both potential homebuyers and current homeowners looking for price relief. Granted, if you’re that marginal when it comes to affording a home, maybe you should consider renting until it’s more definitive. But if you already own a home … Read more
Published on: August 13, 2024 Imagine finding the perfect smartphone – a sleek design with top-notch features and everything you’ve been looking for. But the only problem? Its price is a bit expensive. EMI, which has now become a familiar concept, allows you to break the cost into manageable monthly payments. For example, instead of … Read more
For the past several years, we have been entirely focused on rising mortgage rates. The 30-year fixed yield has risen from levels of less than 3% to about 8% in a period of less than two years. Obviously, this has caught everyone’s attention, whether it’s the media or ordinary Americans. But there has often been … Read more
Published on: August 19, 2024 Are you planning to get a personal loan? Before applying, you should check whether you meet the minimum CIBIL score requirements. CIBIL score helps determine your eligibility, interest rate and other conditions for a personal loan. In general, a higher CIBIL score increases the chances of approval and securing better … Read more
Halloween isn’t over yet, but homebuyers may already be getting a little spooky. The 30-year fixed mortgage, which most buyers rely on, jumped from about 6% to nearly 6.75% in about three weeks. This happened right after the Fed finally cut the federal funds rate. Good timing I know. Before this rate reversal, mortgage rates … Read more
Published on: September 13, 2024 Financial institutions provide many credit solutions to businesses and individuals facing fluctuations in cash flow or urgent expenses. Two commonly available options are cash credit and overdraft. While both facilities allow you to borrow beyond your immediate resources, they serve different purposes and operate under different terms. Whether you need … Read more