Mortgage rates continue to surge, pushing back above 7% after months of volatility. Homebuyers taking out a home loan with a 7% interest rate are budgeting hundreds more than expected to cover their average monthly mortgage payment. For the past two years, prospective homebuyers have been pushed to the sidelines due to higher interest rates. … Read more
At the start of February, average mortgage rates inched past 7% for the first time since early December. The increase was fueled by strong labor data and hints from the Federal Reserve that rate cuts may come later than many had hoped. However, rates have still made significant downward progress since their peak at 8.01% … Read more
Key takeaways During its first monetary policy meeting of the year Wednesday, the Federal Reserve announced it would hold the federal funds rate steady at between 5.25% and 5.50%. The battle against inflation isn’t done quite yet: The central bank is hoping to reach its 2% target rate before it can start cutting interest rates. … Read more
The convenience and simplicity of online transactions have significantly propelled the widespread adoption of credit cards in recent times. With the exponential growth of e-commerce platforms and digital services, consumers are drawn to the ease and speed of online purchases. Raj Khosla, Founder and MD of MyMoneyMantra.com, talks to Navneet Dubey of BT Money Today about the … Read more
July 9, 2021 — Athletes, influencers, musicians, and people around the globe are teaming up in a final push to raise money that could potentially save the life of a 17-month-old girl in Denmark. At 10 months old, Ayah Lundt was diagnosed with type 2 spinal muscular atrophy (SMA), a rare genetic disease that … Read more