When buying a home today, you might have to solve a puzzle about the mortgage rate you'll pay. Which would you do?Get the lowest monthly payment now by paying discount points to reduce the interest rate.Make monthly payments at today's interest rate and wait an unknowable time for rates to fall so you can refinance,...
Between atmospheric rivers in California, Hurricane Ian in Florida, flash floods in Kentucky and monsoons in Las Vegas, floods have caused billions of dollars in damage over the past year alone. You may not think flooding could ever affect your home. However, 90% of natural disasters in the U.S. involve floods, according to the Federal Emergency...
The Federal Reserve raised a key interest rate one-quarter of a percentage point on Wednesday, the same level of an increase as in its previous meeting seven weeks ago. Repeating that small hike might not seem dramatic, but after a turbulent couple of weeks for the global economy, the 25-basis-point boost is a pretty big...
