Rates
Record High Mortgage Rates in the U.S. Crush Homebuyer Dreams | Entrepreneur
Mortgage rates in the U.S. surged to 7.49% this week, up from 7.31% the week before, Freddie Mac reported on Thursday — making homeownership an even more distant dream...
The Federal Reserve Is on Instagram When Not Raising Rates | Entrepreneur
Jerome Powell, chairman of the Federal Reserve, introduced the central bank's new Instagram account with a video message on Monday.In the introductory post, Powell stated that throughout the month...
The 2 Reasons Mortgage Rates are at All-Time Highs (one not so obvious) | Entrepreneur
Mortgage rates have reached their highest point in the past 15 years, creating concerns for homebuyers and homeowners alike. While it’s well-known that mortgage rates are closely related to...
Fed Raises Interest Rates Again, Hits 22-Year High | Entrepreneur
The Federal Reserve raised interest rates by a quarter percentage point on Wednesday, bringing it to the 5.25% to 5.50% range, and reaching the highest level in 22 years....
The Resilient Consumer in the Face of Rising Interest Rates: The Role of Fixed Rate Mortgages | Entrepreneur
The strength of consumer spending amidst rising interest rates has left economists around the world perplexed. Despite the Federal Reserve’s attempts to curb consumer spending through interest rate hikes,...
How Does Raising Interest Rates Lower Inflation? | Entrepreneur
Between March 2022 and March 2023, the Fed raised the federal funds target rate by 475 basis points or 4.75%. This news was widely covered in the media because...
Cruises Are Being Overbooked at Alarming Rates: Report | Entrepreneur
The cruise industry has made a staggering comeback after pandemic-era restrictions and distancing protocols were lifted.But now, it appears that the industry might be too popular. According to data...
Do Interest Rates Go Down in a Recession? | Entrepreneur
If you're living in a time of rising inflation, you may hear about the Federal Reserve (or the Fed, for short) increasing interest rates. Inflation is essentially the devaluing...