The Federal Reserve’s latest hike to its benchmark short-term interest rate means higher rates are coming for home equity loans and lines of credit (HELOCs).
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These installment loans essentially remove any barrier that discourages consumers, especially younger ones, from clicking the “buy” button.
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Home equity loan and line of credit rates were flat this week, but big increases are likely after the Federal Reserve raises interest rates as expected this week.
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Rephrase.ai will use this capital for growth-related activities, which will include product development, hiring, and market expansion.
Ahead of the Fed’s September meeting, mortgage rates rose further above 6%, in anticipation of an increase in the Fed’s benchmark short-term interest rate.
The deal will mark Adobe’s biggest deal ever, and one of the largest acquisitions of a subscription software company in history.
Home equity loan and line of credit rates were flat this week, but big increases are likely after the Federal Reserve raises interest rates as expected next week.
Rephrase.ai, a company developing a platform to create synthetic media, including personalized video ads, has raised over $10 million in a Series A venture round.
Y’all ever heard of this Mickey Mouse guy?
Editor’s note: This is a recurring post, regularly updated with new information.
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CD rates have fluctuated with changing market conditions over time, but they’re on the rise again today.
Mortgage rates remain persistently high, inching closer to 6%. That’s putting additional strain on buyers trying to navigate a market that has seen skyrocketing home prices.
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Home equity loans and HELOCs are growing in popularity in part because high home prices are encouraging people to remodel rather than move.
If you’re one of the more than 12.8 million Americans expected to fly over the holiday weekend, these tips could save you a mountain of misery.