Fed rate hike: What it means for mortgage rates
Hal Bundrick, CFP, NerdWallet 12:03 p.m. EST December 17, 2016Fed rate hikes could have a modest effect on mortgage rates.(Photo: Michael Dwyer, AP)The Federal Reserve hiked short-term interest rates by 0.25 percentage point today, in line with nearly universal expectations. It’s the first time the central bank has raised rates in almost a year.If you’re a current or would-be homeowner, you shouldn’t feel rushed into action. In fact, the biggest moves in mortgage rates have likely a..>> view originalAmericans' 5 Big Fears About Retirement
If you're among the millions of American workers worrying that retirement may fail to live up to your expectations, you're not alone. A new study by Transamerica shows that American workers are wrestling with fears involving financial security and health in retirement. If you have similar worries to the respondents to this survey, here are some ways to overcome them. IMAGE SOURCE: GETTY IMAGES. No. 1: Outliving my savings and investments Transamerica's 17th Annual Retirement Survey finds that ..>> view originalProfits not driving factor for Christmas tree farmers
LAFAYETTE – Dan Cassens, owner of Cassens Trees in West Lafayette, said there aren’t many people starting Christmas tree farms these days. The endeavor requires substantial investments in terms of acreage, time and knowledge acquisition. “It takes seven to eight years to cultivate the tree, so you’re looking at a period of around 10 years before you can put that tree on the market,” Cassens said. Because of this, it isn’t an endeavor you see younger farmers and entrepreneurs embarking on, whi..>> view originalCarbondale families benefit from Toys for Tots
+3 Locals of Carbondale and surrounding areas gathered outside of the local Fire Station on Glenview Drive on Saturday as volunteers distributed toys for the U.S. Marine Corp Reserve Toys for Tots program. Residents from Carbondale and surrounding areas anxiously assembled outside of the local Fire Station on Glenview Drive on Saturday as volunteers collected and distributed toys on behalf of the U.S. Marine Corp Reserve Toys for Tots program. According to M..>> view originalElon Musk vows to start company that digs tunnels under traffic
Technically Incorrect offers a slightly twisted take on the tech that's taken over our lives.Hole-y serious? Or a comedy, um, bit?Photo by Chris Matyszczyk/CNET (screenshot) Traffic can have a numbing effect.For Tesla and SpaceX CEO Elon Musk, however, it might be inspiring. Well, besides being numbing. There he was on Saturday considering the frustrations of traffic and, almost immediately, finding a potential s..>> view originalVenezuela postpones currency move after chaos, protests
By Corina Pons and Andrew Cawthorne | CARACAS CARACAS Venezuelan President Nicolas Maduro suspended on Saturday the elimination of the country's largest denomination bill, which had sparked cash shortages and nationwide unrest, saying the measure would be postponed until early January. The surprise pulling of the 100 bolivar note from circulation this week - before new larger bills were available - led to vast lines at banks, looting at scores of shops, anti-government protests and at lea..>> view originalTrump has a chance to 'drain the swamp' at the Federal Reserve
Donald Trump at a meeting with tech leaders at his tower in Manhattan. Drew Angerer/Getty Images The Trump administration's economic team is beginning to take shape, but we still don’t have nominees for two Federal Reserve Board vacancies. Whoever gets them will have a chance to truly disrupt the global economy. That’s a big deal—so why haven’t we heard more about Trump’s plans for the Fed? If he really wants to "drain the swamp," the Federal Reserve is a big part of..>> view original
Wednesday, December 28, 2016
Fed rate hike: What it means for mortgage rates and other top stories.
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