Tag Archives: interest

There are two methods to calculate the interest amount. These methods are simple interest and compound interest. The interest rate can be the nominal interest rate, annual percentage yield, or effective interest rate. The nominal interest does not consider the interval while calculating the interest rates, while in the effective …

Mortgage interest rates have once again hit a historic low. This week’s Freddie Mac average for a 30-year fixed-rate mortgage dipped to 2.81%. This time in 2019, the average rate was 3.69%. In 2018? We saw an average of 4.85%. Despite the historically low rates, mortgage applications went down this …

The Federal Reserve is shaking things up — which is both good and bad news for consumers. The Fed made some of the biggest changes to its policy in years following an extended review. The central bank has revised its approach to inflation and the labor market in a move …

[embedded content] The housing industry was dealt a big change this week as the Federal Housing Finance Authority decided to raise prices on refinance loans sold to Fannie Mae and Freddie Mac. The group announced the institution of an Adverse Market Refinance Fee. The fee is a 50 basis point …

Historically low-interest rates went even lower this week. The 30-year fixed-rate mortgage average from Freddie Mac went down to 3.03%. Remember, that is an average, which means there are plenty of buyers or refinancers getting rates under 3%.  Low rates are helping spur a spike in purchases. The weekly index …

The fallout from the COVID-19 pandemic continues to be the main driver behind the American economy. Another 1.48 million Americans filed initial unemployment claims over the last week, according to the Labor Department. Dow Futures sank on the news but gained back a little ground due to continuing jobless claims …

Stop us if you’ve heard this before: Mortgage interest rates just dropped to historically low levels. That has become the trend recently as market moves, and actions by the Federal Reserve, continue to not only keep rates steady and low, but push them even lower. Mortgage News Daily reported this …

The U.K. on Wednesday became the latest country to sell bonds at negative interest rates, showing investor demand for government securities is so high than some are willing to pay for the privilege. According to the Debt Management Office, the U.K. auctioned £3.75 billion ($ 4.6 billion) of 3-year TMBMKGB-03Y, …

One part of President Donald Trump’s answer to the financial fallout from the coronavirus pandemic is a freeze on collecting interest on student loan payments. “It’s a big thing for a lot of students left in the middle right now,” Trump said Friday afternoon in a Rose Garden address declaring …