The Federal Reserve, led by Chairman Jerome Powell, said last week it will hold interest rates steady while waiting for signs that the economy is stabilizing. But traders and economists at Bank of America say the Fed could loosen monetary conditions more than previously expected, leading to an acceleration in growth and a reversal of a growing number of recent indicators pointing to recession.
The Federal Reserve, led by Chairman Jerome Powell, said it will hold interest rates steady in their current range from 2.25% to 2.5%, while waiting for signs that the economy is stabilizing.
It's easier and simpler to determine the full cost of a loan when using simple interest instead of compound interest.
The reverse mortgage is beginning to gain respect with financial planners thanks to tighter regulations.
Reverse mortgages are a unique financial tool for unique financial needs. Can they work for you?
Mortgage rates stem back to the days of ancient Rome, and still hold sway today.
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In about 30 years, as much as to $106 billion worth of coastal property will likely be below sea level if we continue on the current path of climate change