Skip to content

Culture Corner

Come, Learn and Play with Us!

Menu
  • Anime
  • Celebrities
    • Hollywood
    • Influencers
    • Korean
  • Fashion
  • Cosplay
  • Gambling Industry
    • Casino
    • Blackjack
    • Poker
    • Roulette
    • Slot
  • Food
  • Business
  • Modern Technology
    • Artificial intelligence
    • Computers
    • Mobile
    • Internet
  • Gaming
  • Global Music
    • Boy bands
    • British rock
    • Country
    • Folk
    • Hip-hop
    • Kpop music
    • Metal
    • Pop music
    • Rock
    • South east asia
  • Comics
    • BL Manhwa
    • Shōnen manga
  • Media
    • K-Drama
    • Movies
    • TV series
  • Marketing
  • Sports
  • Social Media
  • Trending
Menu

Tag: Inflation

mortgage

For the First Time in Almost 20 Years, US Mortgage Rates Are Above 7 Percent

Posted on by Marianne Kaiser

Even while home prices continued to grow, demand was severely curtailed this week as the crucial 30-year mortgage rate spiked to 7.08 percent.

As a result of the Federal Reserve’s aggressive rate hikes meant to contain inflation not seen in around 40 years, the average long-term mortgage rate in the US surpassed 7 percent this week for the first time in more than two decades.

This time last year, the rate on the 30-year mortgage was 3.14%.

“We see this as an increase in mortgages that is having a dramatic effect on the market, reducing demand,” said Mike Fratantoni, chief economist at the Mortgage Bankers Association. Many prospective buyers have moved since mortgage rates have more than doubled this year, a trend that has sent the once-hot housing market into a slump.

Read: The Rate of Headline Inflation May Increase This Month, RBI Report Says

Existing home sales have fallen for eight straight months as mortgages have become a major hurdle for many Americans who pay more for food, gas and other necessities. In the meantime, some homeowners have delayed putting their homes on the market because they don’t want to go into a higher mortgage on their next mortgage.

Mortgage rates rose sharply along with the 10-year yield, which rose as the Federal Reserve expects to continue raising interest rates in its bid to reduce inflation. The Fed has raised its benchmark policy rate five times this year, including three consecutive increases of 0.75 percent that took its short-term lending rate to a range of 3% to 3.25%, its highest level since 2008. At the meeting and in late September, Fed officials predicted that early next year, they would raise their key rate to around 4.5%. Elon Musk’s Launches New Perfume Business to Buy Twitter

Although mortgage rates do not reflect Fed rate increases, they do track the 10-year Treasury yield. This is influenced by a variety of factors, including investors’ expectations for future inflation and global demand. cost for US Treasury. The Fed is expected to raise its key rate by three-quarters of a point when it meets next week. Despite the rate hike, the 40-year inflation rate remains higher than 8 percent at the market and wholesale level. The Fed’s rate hikes signaled a cooling economy 먹튀검증. But the increase has appeared to have had little impact so far on the labor market, which remains tight with the unemployment rate hitting a 50-year low of 3.5% and layoffs remaining low.

Interest Rates Increase With Home Prices

High mortgage rates reduce affordability, meaning fewer people can afford to buy a home at a time when home prices continue to rise, albeit at a slower rate than they happened at the beginning of this year.

The combination of higher prices and home prices means that the mortgage payment for a home buyer is hundreds of dollars higher than it was earlier this year. Monthly payments for homes in the median price are 78% higher today than a year ago for buyers who can pay a 20% down payment. That translates to a $1,000 increase in mortgage payments over the past year alone, according to Realtor.com. To cope with it, some consumers choose adjustable rate loans, which do not make it easier to qualify for financing, and offer lower monthly payments in the first year. of loan period. 카지노사이트

These mortgages have been relatively poor over the past two years as average long-term mortgage rates have fallen to historic lows. But in August, they accounted for about 20% of home loans, said Selma Hepp, chief economist at CoreLogic.

“It speaks to the reduced purchasing power that consumers are facing due to rising mortgage rates,” he said.…

Continue reading
inflation

The Rate of Headline Inflation May Increase This Month, RBI Report Says

Posted on by Marianne Kaiser

Inflation based on the consumer price index (CPI), which stood at 7.4% in September, may rise and may continue to decline thanks to the reduction of the goods and the positive effects, according to the report published by the state of the economy. from the Reserve. Bank of India (RBI). However, he warned that the fight against inflation will be tough and long-lasting. The report also stated that connecting the inflation to the 4% target involves reaching two levels: first, bringing it under the upper limit of the 6% tolerance, and then bringing it down to the middle of the fork.

“This situation (of inflation) can slowly give rise to the repeated confusion of inflation caused by epidemics and geopolitical, but the reduction of inflation will bring back the consumer and business confidence, invigorating investment and improving India’s export competitiveness,” said the report, written by RBI officials, including Deputy Governor for Monetary Policy Michael Patra. The views expressed in this article are those of the authors and not of RBI.

The RBI raised the repo rate by 50 basis points (bps) to 5.9% in September, bringing the increase in the repo rate since May to 190 bps. The RBI has predicted that inflation will fall to 5% in the second quarter of the next financial year and that it will take two years to reach the central bank’s target of 4% with a fluctuation of 2% in each direction. Elon Musk’s Launches New Perfume Business to Buy Twitter

“The fight against inflation will be strong and long-lasting, due to the long-term and flexible nature of monetary policy,” the report said. If the RBI succeeds in bringing inflation down to 4%, it will boost India’s prospects as one of the fastest growing economies in the world, with a difference of differences in inflation are negative in the rest of the world, according to the report.

“This encouraging result will revive foreign investors, stabilize the market and provide long-term financial stability,” he said. The report seems to be confident about the country’s growth prospects and found that the overall economic activity remained stable. He said economic activity is poised to expand with housing demand accelerating as the allied sector recovers. The RBI report also said that strong credit growth and strong corporate and bank balance sheets are strengthening the economy.

“Recovery and growth in bank credit is driven by the lending issue. With continued economic activity, the increase in bank credit for working capital has increased in recent months, reflecting optimism about demand conditions,” the report said.

Although the banks are quick to raise the lending rate around the repo rate, the deposit rate rose slowly. “Banks are quick to adjust their lending rates in relation to retail deposit rates,” the report said, adding that commercial banks’ mid-term deposit rates, which reflect credit card rates working on new deposits, increased by 26 points during the May- September period..

Related Article: Market News Today – Are We Close to the Bottom?…

Continue reading

SEARCH

Navigation

카지노사이트 주소
에볼루션카지노
바카라사이트
에볼루션바카라
비바카지노 카지노
카지노사이트
Culture Corner
Hotshot Casino
Inside Wellness

Recent Posts

  • Politics and fashion have a complex
  • Hidden Talents Surprising Hobbies and Skills
  • Beyond Boundaries: Reasons Why Anime Goes
  • Baroque music is a style of Western
  • The science of food preservation
  • Facebook
  • Instagram
  • Twitter
  • YouTube
© 2023 Culture Corner | Powered by Minimalist Blog WordPress Theme