Budgeting
After a long period of record lows, the federal government recently announced a 0.50% hike in interest rates. The new rate is designed to help combat inflation, which recently hit record highs. Rising interest rates can impact your own personal budget in multiple ways. Mostly, it now costs more to borrow money of any kind. […]
9 minute read
Home Ownership
The COVID-19 economy has brought on some pretty wild market fluctuations. Stocks collapsed during the early stages of the pandemic, then quickly recovered. Oil crashed, then soared. Commodity indexes surged as inflation took hold in 2021. Perhaps most glaring of all is the state of the U.S. real estate market. Prices are exploding, bidding wars […]
6 minute read
Home Ownership
With record low interest rates and a once in a lifetime (hopefully!) pandemic forcing so many to stay home, the past year was the perfect time to become a homeowner for the first time. Or just to move into a new house. Now though, home prices are sky high and the market is red hot […]
9 minute read
Loans
If you’ve come across the terms “fixed rate” and “variable rate” before, you might have overlooked them as complicated financial terms. But really, when you break it down, fixed and variable rates are actually fairly simple. They are exactly what they sound like — an interest rate that is either set in one spot or […]
6 minute read