On Wednesday, May 4, 2022, the Federal Reserve Bank announced they will be raising interest rates by a half-point. The rising rates have been at their highest point in more than 20 years, and the increased rates have caused the stock market to go into a frenzy, with the S&P 500 dropping by 3.5% the following day.
by Matin VarshochiYour credit score is used by lenders to determine your credit risk when it comes to borrowing money. The higher your credit score, generally speaking, the more you'll be able to borrow, and the lower your interest rate. That can save you thousands of dollars over the life of your loan. So, if you're looking to purchase a home, read on to learn how to optimize your credit score.
by Pam HillNew businesses must balance the twin pressures of large outflows of cash against limited inflows. Developing a financial management plan and closely monitoring cash flow are among several business moves that can position a new entrepreneur for success.
by Pam HillInflation has increased significantly since May 2021, due largely to supply chain disruptions from COVID19 and Russia’s invasion in Ukraine. The investments that perform well under inflation and retain all or most of their value can bring in more cash
by Pam HillDuring the COVID-19 pandemic, there was high economic turmoil. To help keep the economy going, the Federal Open Market Committee (FOMC) determined that it was a good idea to lower interest rates to an all-time low.
by Nailah HerbertWith some careful planning and prudent spending habits, there is a home for almost every budget and financial circumstance.
by Pam HillThe COVID-19 pandemic caused times of financial hardships for the majority of people. As some were forced to work remotely or were left out of a job, it became increasingly difficult for some to accommodate their living expenses.
by Nailah HerbertChoosing the right mortgage depends on a host of important factors. Some of those factors include your FICO score, your available down payment, and how long you plan on living in your new home.
by Pam HillLast year inflation took a giant leap as consumer prices rose in many prominent United States metropolitan areas. However, Atlanta has seen the highest inflation rates on goods and services, increasing around 9.8 percent since 2021.
by Nailah HerbertOverseas events such as the invasion of Ukraine often reach beyond their borders, impacting global financial markets, energy prices, and mortgage rates.
by Pam HillA recent study determined that 65% of single women would like to buy a house before marrying. Typically, the people who purchase homes are married couples. This is because they have a higher combined income, making it easier for them to pay the expenses of becoming a home buyer. H
by Matin VarshochiNot all cities are as small business-friendly as others. If you’re looking to launch a company or relocate to a new area with your existing one, Atlanta could be a great option.
by Gwen PayneIn 2020, the nationwide protests surrounding the murder of George Floyd stirred up countless debates on why African Americans have yet to receive equality and may still have a long way to go to receive equity.
by Nailah HerbertSince 2010, the average cost of a house has risen by 20%. These price increases have made it increasingly difficult for young people to be able to purchase a home.
by Nailah HerbertThe practice of group economics is becoming more popular, especially since it is becoming a more recognized way to build wealth with your family or friends.
by Nailah Herbert