6 Ways Interest Rate Increases May Affect Your Personal Finances

6 Ways Interest Rate Increases May Affect Your Personal Finances

The Federal Reserve is continuing to raise interest rates to combat inflation. It’s raised rates more times already than it has in 28 years. You would think then that as inflation eases, it would make expense management a bit easier for consumers. However, as rates rise, so too does the cost of borrowing money –…

3 Ways To Remove PMI from Your Mortgage

3 Ways To Remove PMI from Your Mortgage

When taking out a mortgage, it has usually been standard practice to put down 20% toward the price. Now, via a post from GoBankingRates.com, the National Association of Realtors discovered in 2021 that homebuyers are putting down less money than ever before on their mortgages.