The bigwigs at the Federal Reserve are getting antsy. St. Louis Fed President James Bullard is warning us that unless we stop splurging, they’ll slap us with not one, but two more rate hikes!
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Spring is in the air and home prices are coming down. Interest rates remain high and credit underwriting is tight, but looking at history we can see that rates drop quickly following a credit crunch. Be ready!
According to the SoFi Spending & Savings Study, almost half of adults never discuss finances with their friends and family? That’s a staggering 46%!
We are not heading towards a default. The rates will remain steady, inflation won’t spiral out of control, and the world won’t crumble like a poorly built stage set.
The credit crunch has become more apparent, with seven large companies filing for Chapter 11 bankruptcy protection in less than 48 hours.
Last week, Equifax, Experian, and TransUnion announced a noteworthy decision: they have eliminated unpaid medical collections under $500 from consumer credit reports.
Inflation is one of the main factors driving up the cost of home insurance. However, experts say that more catastrophic weather and natural disasters due to climate change are also driving premiums.
With the rise in projected foreclosures on the way, most homeowners do not realize they have equity in the home and can simply sell for a profit.
Reports of regional banks on the verge of failure continue in the headlines, however, the powers that be reassure everyone that their money is safe.
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