Here's what the Fed's half-point rate hike means for your money
Here's what the Fed's half-point rate hike means for your money
The Fed announced its sharpest rate hike since 2000 to fight inflation. Here's how that impacts your credit card, mortgage, car loan, student debt and savings.
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The Fed announced its sharpest rate hike since 2000 to fight inflation. Here's how that impacts your credit card, mortgage, car loan, student debt and savings.
The Fed announced its sharpest rate hike since 2000 to fight inflation. Here's how that impacts your credit card, mortgage, car loan, student debt and savings.
The Federal Reserve just announced a hike in interest rates. So far, it hasnβt dramatically raised mortgage rates.
The Federal Reserve just announced a hike in interest rates. So far, it hasnβt dramatically raised mortgage rates.
The Federal Reserve raised its target federal funds rateΒ by 0.75 percentage points, the largest increase in nearly three decades, at the end of its two-day meeting Wednesday, in an effort to quellΒ runaway inflation. "We at the Fed understand the hardship that high inflation is causing," Federal Reserve Chairman Jerome Powell said in a press briefing Wednesday. "We're strongly committed to bringing inflation back down and we're moving expeditiously to do so." More from Invest in You:What new gr...
The Federal Reserve raised its target federal funds rateΒ by 0.75 percentage points, the largest increase in nearly three decades, at the end of its two-day meeting Wednesday, in an effort to quellΒ runaway inflation. "We at the Fed understand the hardship that high inflation is causing," Federal Reserve Chairman Jerome Powell said in a press briefing Wednesday. "We're strongly committed to bringing inflation back down and we're moving expeditiously to do so." More from Invest in You:What new gr...
Jason Heath: Time horizon and effects of 'transitory' inflation are clearly much longer and more widespread than anticipated
Jason Heath: Time horizon and effects of 'transitory' inflation are clearly much longer and more widespread than anticipated
Jason Heath: Time horizon and effects of 'transitory' inflation are clearly much longer and more widespread than anticipated
Jason Heath: Time horizon and effects of 'transitory' inflation are clearly much longer and more widespread than anticipated
Jason Heath: Time horizon and effects of 'transitory' inflation are clearly much longer and more widespread than anticipated
Jason Heath: Time horizon and effects of 'transitory' inflation are clearly much longer and more widespread than anticipated
What The Fedβs Rate Hike Means For The Housing Market
Higher rates mean borrowers pay more interest, which can reduce their buying power.
getty
Higher rates mean borrowers pay more interest, which can reduce their buying power. Federal Reserve officials made history on Wednesday by hiking rates by three-quarters of a percentage point for the second straight month, delivering the most aggressive tightening in more than a generation to curb surging inflation, but riskin...
What The Fedβs Rate Hike Means For The Housing Market
Higher rates mean borrowers pay more interest, which can reduce their buying power.
getty
Higher rates mean borrowers pay more interest, which can reduce their buying power. Federal Reserve officials made history on Wednesday by hiking rates by three-quarters of a percentage point for the second straight month, delivering the most aggressive tightening in more than a generation to curb surging inflation, but riskin...
What The Fed Interest Rate Hike Means For Home Buyers
An increase in housing supply will likely significantly slow home price growth.
getty
An increase in housing supply will likely significantly slow home price growth. The Federal Reserve intensified its fight to cool inflation by launching the largest interest rate increase since 1994 and indicated it would do whatever it could to tame price hikes and bring down the cost of gas and food. The central bank of the United ...
What The Fed Interest Rate Hike Means For Home Buyers
An increase in housing supply will likely significantly slow home price growth.
getty
An increase in housing supply will likely significantly slow home price growth. The Federal Reserve intensified its fight to cool inflation by launching the largest interest rate increase since 1994 and indicated it would do whatever it could to tame price hikes and bring down the cost of gas and food. The central bank of the United ...
The Federal Reserve Wednesday approved a 50 basis point increase to its policy interest rate in an effort to reduce inflation.
The post Federal Reserve approves interest rate hike of half a percentage point appeared first on HousingWire.
The Federal Reserve Wednesday approved a 50 basis point increase to its policy interest rate in an effort to reduce inflation.
The post Federal Reserve approves interest rate hike of half a percentage point appeared first on HousingWire.
Itβs bad enough that home prices in Southern California remain high despite cooling demand, averaging almost seven times the stateβs median income for a family of four. Making matters worse, though, is the rapid rise in mortgage interest rates. The rate for a 30-year, fixed-interest mortgage has doubled in nine months, topping 6% last week for the first time since George W. Bushβs presidency. Thatβs painful not just for people trying to borrow money to buy a home, but also for homeowner...
Itβs bad enough that home prices in Southern California remain high despite cooling demand, averaging almost seven times the stateβs median income for a family of four. Making matters worse, though, is the rapid rise in mortgage interest rates. The rate for a 30-year, fixed-interest mortgage has doubled in nine months, topping 6% last week for the first time since George W. Bushβs presidency. Thatβs painful not just for people trying to borrow money to buy a home, but also for homeowner...