Today: 21. Dec, 2024
Social Security beneficiaries are anticipating the announcement of their annual cost-of-living adjustment (COLA) for 2025. However, the increase might not be as substantial as in previous years. Experts predict that the adjustment could be one of the smallest since 2021, raising concerns…
Inflation continued its downward trend in July 2024, driven by easing prices for consumer staples and physical goods. According to the U.S. Department of Labor, the Consumer Price Index (CPI) increased by 2.9% from the previous year, a decline from June’s 3%…
In a dramatic shift within the housing market, mortgage refinancing applications surged by 35% last week as interest rates reached their lowest point in over a year. This uptick reflects a notable reaction from homeowners who, after a period of adjustment, seized…
Retirement savings are hitting new highs, yet inflation remains a significant concern for today’s retirees. Fidelity reports that a record 485,000 401(k) accounts held balances of $1 million or more at the end of the first quarter 2024. This trend is reflected…
As mortgage rates experienced a modest decline last week, a noticeable uptick in refinancing interest emerged, particularly following a sustained period of rate increases. This trend underscores a complex landscape in the housing finance sector, where rate fluctuations continue to dictate market…
In the dynamic world of finance, the Federal Reserve’s strategies on interest rates are a subject of keen analysis and speculation. Recent developments have highlighted a more cautious stance from the central bank, focusing on avoiding premature policy easing that could exacerbate…
As we enter 2024, the first real trading week of the year is poised to be a defining moment for financial markets. Last week, though marking the official start of trading, was subdued due to low investor engagement. However, this week promises…
As the American economy grapples with the after-effects of a global pandemic, the housing market presents a paradox. Despite soaring mortgage rates, home prices continue to escalate, challenging economic forecasts and defying traditional market behaviour. The latest S&P Case-Shiller Index provides a…
In an economy punctuated by layoffs and the spectre of recession, one truth emerges unscathed: the imperative of saving for unforeseen events remains. With the Consumer Price Index escalating by 6.4%, per February data from the Bureau of Labor Statistics, the squeeze…
The housing market is challenging as builder confidence for single-family homes plunges to its lowest since January. This downturn is primarily attributed to the surging mortgage rates and increased costs tied to financing. The recent National Association of Home Builders/Wells Fargo Housing…
