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What the Fed's rate pause means for home equity loan, HELOC rates
CBS News· 17 hours agoThe federal funds rate affects how much it costs banks to loan out money and, in turn, how much they charge borrowers. When the Fed raises the federal funds rate, the interest rates on new home equity loans and HELOCs also goes up.
U.S. News' 2024 college ranking boosts public universities
CBS News· 3 days agoU.S. News & World Report's 2024 college rankings features many of the usual prestigious institutions...
How the Federal Reserve affects ARMs, HELOCs and home equity loans
Bankrate via Yahoo Finance· 15 hours agoAt its meeting on September 20, the Fed decided to maintain its key rate, but left open the...
Consumers Took Out 50% More Home Equity Loans and HELOCs in 2022 Than 2020. Here's How to Know if...
Motley Fool· 2 days agoIf you don't have great credit, you might struggle to qualify for one. Or, you might get stuck with...
Here's Why a Home Equity Loan Is More Dangerous Than You Think
The Motley Fool· 1 day agoIf your home's value is $400,000 and you owe $250,000 on your mortgage loan, you're left with...
This is when mortgage interest rates will fall, experts say
CBS News· 7 days agoOver the past year and half, the Fed has gradually increased interest rates by about 5%. While the...
What Is a Construction Loan and How to Choose the Right One for You
The Wall Street Journal· 2 days agoUnless you have a savings account flush enough to foot the entire home-construction bill yourself,...
How the AI revolution is different: It threatens white-collar workers
CBS News· 29 minutes agoThe emergence of artificial intelligence like ChatGPT has aroused fears of these tools replacing people in a range of professions, from coders to truck drivers. Although such concerns tend to ...
What Is a Second Mortgage?
Miami Herald· 24 hours agoRead on for our review and guide on what is a second mortgage. This surge in value has resulted in many homeowners having access to a large amount of home equity but without a clear idea of ...
The Federal Reserve is making a decision on interest rates today. Here's what to expect.
CBS News· 21 hours agoThe Federal Reserve is meeting today to decide its next move on interest rates, a policy that will...
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