#Interest rate

[memenewsdotcom]

Wall Street enters bear market

View On WordPress

#America #bear #bear market #business #interest rate #investing #meme #memes #money #news #recession #stock market #stocks #united states

[bitchesgetriches]

I'm utilizing the snowball method and trying to determine which credit card balance to put the most money toward. I know I should choose the one with the highest interest, but when I looked at how much interest is being charged I noticed that one with a lower APR was charging more because my balance on that card is higher than the others. So should I put money there first, or am I missing something? I'm extremely math-averse and appreciate your insight. Thank you in advance!

We gotchu, boo!

You're actually stuck in some question between the Snowball and the Avalanche method. The Snowball recommends you start with the smallest balance, the Avalanche recommends you start with the highest interest rate. And we explain how to navigate the two in the link below.

BUT YOU, my child, have an entirely separate question. Should you start with a lower APR with a high balance because that's costing you the most in the short term?

And the answer is... you decide. If you're going for mathematical efficiency, then it sounds like you have your answer. And if you're going for what will give you the most peace of mind... it's about the same answer: start with the card with the highest balance. The trick is to pick what feels right to YOU, regardless of what will save the most money.

The Best Way To Pay off Credit Card Debt: From the Snowball To the Avalanche 

If you found this helpful, consider joining our Patreon!

#debt #debt management #debt payoff advice #personal finance #credit card #interest rate

[pharosproject]

Federal Reserve stuck between a rock and a hard place

#Federal Reserve #US Federal Reserve #Interest rate #High inflation #Biden inflation #Bidenflation #Banking crisis #Biden economy #Here comes the recession #2023 crash #Daily struggle

[news-of-the-day]

7/27/23

The Fed raised the interest rate by 0.25% to 5.25-5.50% overall, the highest it's been in decades and Chairman Powell said they're still open to another raise in September. Despite fears of a recession due to the rates, the US GDP grew at 2.4% during Q2. Unemployment fell to 221K last week. The ECB also raised its rates a quarter percentage to 4.25%, although it's now signalling it's ready to pause.

We're currently on track for 2023 topping 2016 as the hottest year on record. What is worrying is there is a current system in the Atlantic Ocean that helps regulate weather, and it may collapse some time this century.

The army decided to side with the Nigerien presidential guard, so we now have a coup in Niger.

The Ukraine is starting another counteroffensive in the south. They have not made much progress against Russian defenses.

Hunter Biden's situation became much more murky yesterday. Biden was charged with failure to pay taxes and illegal possession of a weapon. Prosecutors made a plea agreement for two years probation if he pled guilty, but when this was presented to the judge, she did not like some of the terms, particularly for the gun charge, so Biden withdrew the guilty plea and stated not guilty. Republicans have been howling that Biden was given lesser punishment for being the president's son. I've talked to some people about it and they said with a plea agreement it's not unusual, but it's possible prosecutors immediately leaned toward preferential treatment.

Mitch McConnell randomly stopped talking for twenty seconds during a press conference yesterday. Considering he's 81 and has fallen a few times this year, one resulting in a concussion, it's pretty worrying.

1) Reuters, WSJ, The Hill 2) France24 3) Al Jazeera 4) Washington Post 5) AP 6) NYT

#news #interest rate #the fed #climate change #global warming

[knacknews]

Everything You Need To Know About Home Mortgages

TIP! Start the process of taking out a mortgage way ahead of time. Get your budget completed and your financial documents in hand. From first time buyers to those who have done it before, a good mortgage is still a must. Without the right mortgage you may pay more than you have to, or even face losing your home to foreclosure. Keep reading for some useful tips on how to find a good mortgage. TIP!…

View On WordPress

#credit score #interest rate #mortgage loan

[newsbites]

News from Australia, 7 June

Indigenous people in Queensland have a life expectancy up to 7.8 years shorter than average and the health system will likely miss a 2031 target to close the gap, according to a state audit.

2. Australian federal government ministers are deflecting blame for the recent surprise interest rate hike, saying the war in Ukraine is still to blame, and not the minimum wage lift or last month's federal budget. 

3. The federal government launched the National Clothing Product Stewardship Scheme and Roadmap to Clothing Circularity to reduce the amount of clothing that goes to landfill each year and achieve full sustainability ("circularity") by 2030.

#close the gap #indigenous #health #longevity #target #life expectancy #minimum wage #budget #benchmark #interest rate #war in ukraine #clothing #recycle #landfill #waste #sustainability #environment #Australia

[josephgrinkornus]

What factors might affect the interest rate on your mortgage loan? According to Joseph Grinkorn the cost of borrowing is not the only element affecting your mortgage rate; it is only one of them.

#mortgage #mortgage loan #interest rate

[falseandrealultravival]

Super-regional currency, Galois:　Bitcoin is junk：４(4/4)

Évariste Galois (Mathematician in France:1811-1832)

How Galois should be

Please read while thinking about what you have written so far.

＠It is based on the relationship of trust of some members.

@ 1 yen = 1 Galois( in USA,1dollar=1galois!)

Basically, one-on-one transactions.

@ Use existing coins as a medium (means) for exchanging "acts". And coins

Replace the meaning of. For example, even if the economy is confused and one radish costs 10,000 yen,

We will pay 100 Galois for the act of giving radish.  We avoid inflation and deflation

.

@ There is no interest rate.

@ There is no central administrator.

@ Anyone can do it.

The model is the community before the commercialization society.

You can take advantage of the function of @yen. For payment by Galois of remote comrades, the existing yen

You can use the system and then convert it to Galois (coins).

@ With at least 15 members, you can create a complete community. It is desirable that people of various abilities and professions gather. The rationale is that the combination of taking out 2 people from 15 people is 15C2 = 105 (I used the symbol of the combination taught in high school mathematics). This is because you can make more than 100 transactions.

＠Reason for naming "Galois": Since economics is a discipline centered on the concept of "exchange", it can be said at the beginning of” Galois’s group theory” (for example, the idea of ​​"compatibility").

(I think this claim is very radical. I will continue to discuss this.)

Finally, I would like to say that Galois is a non-commercial currency, and now I am disclosing my thinking, not recruiting members.

Also, as a new type, let's say that I, who may have diabetes, want to eat Daifuku mochi, buy it at a supermarket for 100 yen, and have a person eat 60% of the majority. How much will the currency move at this time? If you think about it simply, it will be 60 yen, and I will get it from the other party, but my heart is not. He did the act of eating Daifuku mochi, so I would pay 20 Galois.

Comparing with the recently talked about "electronic money" such as "PASMO" and "nanaco", "electronic money" is "light" and there is a risk of going crazy due to a computer malfunction. Also, I think that troubles are likely to occur when combined with other card services. In the case of Galois, which I advocate, it is bulky, but I think it can be a reliable transaction. However, I think that it is not suitable for large transactions to some extent.

Oh yeah, there is an Arab saying that "small coins help you"

#acts #Évariste Galois #Galois #Super-regional currency #Bitcoin is junk #Bitcoin #Mathematician #trust of some members #one-on-one transactions #Use existing coins #exchanging . And coins #act #avoid inflation and deflation #interest rate #central administrator #at least 15 members #The group theory #compatibility #small coins help you #rei morishita

[bithubi]

ANALYSIS: Fed expectations bias global markets

The strong information released in the USA, the statements of Fed officials and the rise in commodity prices support the expectation that major central banks will not rush to reduce interest rates this year. This situation leads to declines in stock indices. In Asia, South Korea and Hong Kong stock markets led the way in a decline, while in China, although the Caixin Services PMI index exceeded…

View On WordPress

#Decline #Fed #Interest Rate #USA

[memenewsdotcom]

First Republic Bank stock drops

View On WordPress

#America #bank #banking #business #economy #first republic #first republic bank #interest rate #loans #meme #memes #money #news #recession #united states

[housingconcierge]

The Home buyer's Dilemma: Why Avoiding New Accounts Is Key

🏡 Homebuying tip: Resist opening new accounts or buying cars before securing a mortgage. Keep credit stable for a smoother path to homeownership! #RealEstate #FinancialWisdom

Embarking on the journey to buy a new home is an exciting and often complex process. Amidst the preparations, it’s crucial to consider financial decisions that can impact your mortgage approval. There is wisdom behind avoiding the temptation of opening new accounts or purchasing new cars when you’re on the path to home ownership. 1. Credit Score Sensitivity: Opening new credit accounts, whether…

View On WordPress

#Coming soon #debt to income #Estate Planning #findabroker #Interest Rate #investment #lender #moving #New Listing #realestate #referral #relocation #tips #trending news

[srghousingfinanceblog]

Decoding your Dream Home: A Simple Guide to Calculating Your Home Loan EMI

Owning a home - it's the cornerstone of Indian dreams, a symbol of stability and success. But navigating the financial intricacies of a home loan can feel like deciphering hieroglyphics. Enter the Home Loan EMI Calculator, your trusty decoder ring in this financial adventure.

What's this magical calculator, you ask? Imagine a genie who grants your wish to know your monthly payment (EMI) before you even sign on the dotted line. That's the Home Loan EMI Calculator! But to truly wield its power, let's crack the code on a few key terms:

EMI (Equated Monthly Installment): The fixed amount you pay towards your loan every month, like a delicious bite-sized piece of your dream home pie.

Interest Rate: The cost of borrowing the money, like the sprinkles on your pie - some like it sweet, some prefer less!

So, how does this EMI magic work? Buckle up, we're going on a formula field trip!

The EMI Formula: P x R x (1 + R)n / ((1 + R)n - 1)

Don't faint! We'll break it down:

P: Loan amount - Your desired palace size.

R: Interest rate - Sweet or not-so-sweet sprinkles.

n: Loan tenure - How many years to savor your pie.

Steps to Master the EMI Spell:

1. Gather your Loan Details: Know your desired loan amount and preferred tenure.

2. Uncover the Interest Rate: Consult lenders or use online resources to compare rates.

3. Channel your Inner Mathematician: Plug your details into the formula, or use the magic of online EMI calculators.

4. Embrace the Amortization Schedule: This table unveils how your payments chip away at the principal and interest over time.

Beyond the EMI Spell:

1. Home Loan Insurance: Shield your loved ones with this protective charm.

2. Tax Benefits: Enjoy tax deductions on your EMIs - like finding extra sprinkles in your pocket!

3. Refinancing Options: If interest rates dip, consider recasting your spell for a sweeter deal.

Remember, SRG Housing, your friendly neighborhood housing finance wizards, are here to guide you through every step. We specialize in empowering the underserved to turn their dream homes into reality. Contact us today and let's unlock your EMI magic together!

We are committed to empowering individuals in rural and semi-urban areas of India to realize their dream of owning a home. Explore your possibilities with SRG Housing.

Visit www.srghousing.com to unlock your dream home's EMI magic!

#home loan emi calculator #Equated Monthly Installment #Interest rate #Loan amount #Loan tenure #EMI formula #Home loan insurance #Tax benefits #Refinancing options #SRG Housing #Housing finance

[knacknews]

Tips On Getting The Most Out Of Your Home Mortgage

TIP! Your mortgage application might get denied in the final stages due to sudden changes to your overall financial standing. Wait until you’re securely employed before applying for a home mortgage. Have you ever have a home mortgage before? Regardless, the mortgage market changes constantly. You need to stay abreast of these changes if you want to locate the best mortgage for your home. This…

View On WordPress

#closing costs #credit cards #interest rate #property taxes

[aletterinthenameofsanity]

Y'know, there's this gripe I've had for years that really frustrates me, and it has to do with Love, Simon and people joking about it and calling it too-pg and designed-for-straight-people and all the like. (A similar thing has happened to Heartstopper, but that's another conversation.)

I saw Love, Simon in theaters when it came out my senior year in high school. I saw it three times, once with my friends/parents on opening night, once with my brother over spring break, and once with my grandparents.

On opening night, the air in the room was electric. It was palpable. Half the heads in there were dyed various colors. Queer kids were holding hands. We were all crying and laughing and cheering as a group. My friends grabbed my hands at the part where Simon was outed and didn't let go until his parents were saying that they accepted him. My friend came out to me as non-binary. Another person in our group admitted that she had feelings for girls. It was incredible. I left shaking. This was the first mainstream queer romance movie that had ever been produced by one of the main five studios, and I know that sounds like another "first queer character from Disney" bit but you have to understand that even in 2018 this was groundbreaking. Getting to have a sweet queer rom-com where the main character was told that he got "to breathe now" after coming out meant so much to me and my friends.

But also, from a designed-for-straight-people POV (which, to be frank, it was written by a bisexual author and directed by a gay man, this was not designed for straight audiences), why is it a bad thing that it appealed to the widest possible audience? That it could make my parents and grandparents see things in a new light? My stepdad wasn't at all interested in rom-coms but he saw it with me because it was something I cared about and he hugged me when we came out of the theater. My very Catholic grandparents watched it with me and though my grandpa said he still didn't quite understand the whole 'gay thing,' all he wanted was for me to be happy and to have a happy ending like Simon did. My Nana actually cried when Simon came out and squeeze my hand when his mother told him he could breathe.

And when Martin blackmailed Simon, my mom, badass ally that she is, literally hissed "Dropkick him. Dropkick him in the balls" leading to multiple queer kids in the audience to laugh or smile. Having my parents there- the only parents, by the way, out of my group of queer and questioning friends- made multiple people realize that supportive adults were out there. That parents like those in Love, Simon do exist in real life.

When people complain about Heartstopper not being realistic or Love, Simon being too cutesy, I remember seeing Love, Simon on opening night. I remember my friend coming out and my stepdad hugging me and my mom defending us through this character. I remember the cheers that went through the audience when Bram and Simon kissed and the chatter in the foyer after the movie was over and the way that this movie made me understand that happy endings do exist.

Queer kids need happy endings. Straight people need entry points to becoming allies. Both of these things can come together in beautiful ways. They can find out about more queer culture later, but for now, let them have this. Let them all have a glimpse at a better, happier world. Let them have queer joy.

#love simon #simon vs thsa #simon spier #spierfeld #bram greenfeld #my experiences #meta #the importance of queer joy #heartstopper #becky albertalli #my mom also watched rwrb with me last year when it premiered #and let me tell you that was interesting sitting in the room with her for an r-rated romance movie like that

[apieinvestavimapaprastai]

SHOCKING Market Moves: Fed Rate Cuts, Housing Boom, and Corporate Shakeups Unleash Chaos!

Fed Rate Cut. The US stock market took a nosedive on Wednesday, ending a nine-day rally, as confusion over the Fed’s stance on interest rate. #dowjones #sp500 #nasdaq #interestrates #inflation #forex #bitcoin #ethereum #crypto

Fed Rate Cut. The US stock market took a nosedive on Wednesday, ending a nine-day rally, as confusion over the Fed’s stance on interest rate cuts rattled investors. The S&P 500 and Nasdaq 100 both dropped 1.5%, while the Dow Jones plunged 475 points. However, the market also witnessed some surprising positive economic data, such as a jump in existing home sales and a shrinkage of the US current…

View On WordPress

#Alphabet #Bitcoin #Dow Jones #FED #FedEx #Interest Rate #Money #NASDAQ #SP 500

[realprop101]

"The Art of Home Buying: Timing, Equity, and Financial Wisdom"

They say your mortgage should be 25% or 1 weeks income. Don’t have it, buy with friends. Live with parents, don’t be house poor.   The realm of real estate is a dynamic landscape, where decisions are steeped in the complexities of timing, equity, and financial wisdom. The allure of waiting for ideal market conditions is a siren’s call for many prospective homebuyers. Still, the journey to…

View On WordPress

#Home buyers #Home Price #Interest rate