Image: Getty Images; Illustration: Bankrate A split decision for home equity rates this week. In its fifth straight week of gains, the $30,000 home equity…
Federal Reserve policymakers were concerned about high energy prices contributing to inflationary pressures in the economy when they held interest rates steady last month, the minutes from the meeting show. The Federal Open Market Committee…
The federal government is projected to run a budget deficit of at least $2 trillion this fiscal year, according to an estimate by the Treasury Department and bond market participants. Earlier this month, the Treasury released its quarterly refunding documents for the second quarter of the calendar year, which included…
Key takeaways A home equity line of credit (HELOC) is a variable-rate form of financing that lets you cash in on the equity you have in your home. HELOCs are a revolving line of credit, similar to a credit card — you can borrow what you need, repay it, then…
Despite triumphant headlines from Wall Street, one prominent economic forecaster is sounding the alarm that the U.S. economy is sitting on a razor’s edge. In a recent interview with TheStreet, Moody’s Analytics chief economist Mark Zandi placed the probability of a U.S. recession within the next year at 40%, compared…
visualspace/Getty Images: Illustration by Grant Crowder/Bankrate Key takeaways Most real estate agents get paid a commission from each sale they close, rather than a regular salary. The commission is typically a percentage of the home’s final sale price, so they make more on higher-priced homes. Rates can be negotiated, but…
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Credit cards are a financial tool that could make or break your finances and credit score. When used responsibly, they can contribute positively to your credit score and overall financial health, but your financial health…
