Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors’ opinions or evaluations. The rate on a 30-year fixed refinance rose to 6.95% today, according to the Mortgage Research Center. Rates averaged 5.95% for a 15-year financed mortgage and 6.81% for a 20-year financed mortgage. Related: Compare … Read more
Protecting an apartment building with the appropriate insurance coverage stands as a vital requirement for owners making substantial financial investments. Apartment building insurance protects properties from damage while also covering liabilities together with rental income loss that emerges from unexpected situations. Selecting the appropriate insurance policy becomes excessively difficult due to the numerous available choices. … Read more
Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors’ opinions or evaluations. Current Money Market Rates As of today, the highest money market rate is 4.89%, compared to a national average rate of 0.54%. Here are today’s money market account rates: MMA rates today Source: Curinos. … Read more
Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors’ opinions or evaluations. The rate on a 30-year fixed refinance decreased to 6.93% today, according to the Mortgage Research Center. The 15-year, fixed-rate refinance mortgage average rate is 5.89%. For 20-year mortgage refinances, the average rate is … Read more
But capping interest rates is not a cure-all for debt-driven woes. A 2018 World Bank study of interest rates on loans in other countries found that interest rate caps set below market rates reduced access to credit for low and middle-income borrowers. Banks take on risk by extending credit to consumers, and that risk increases … Read more
