Tag: Interest Rate Rise

Why a Cash-Out Refinance Can Still Be a Good Idea, Even as Rates Rise

June 19, 2022
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By Zach Wichter From Bankrate.com Economic uncertainty abounds right now as inflation surges and the interest rates on all kinds of financial products rise. Even so, homeowners may find that tapping their home equity through a cash-out refinance is a financially sound decision, despite the fact that doing so is costlier than it would have…

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How a Higher Fed Rate Affects Your Finances

June 18, 2022
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Record-low mortgages are long gone. Credit card rates will likely rise. So will the cost of an auto loan. Savers may finally see a noticeable return. The unusually large three-quarter point hike in its benchmark short-term rate that the Federal Reserve announced on June 15 won’t, by itself, have a huge effect on most Americans’…

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Inflation in Europe: Swiss National Bank Raises Interest Rate by 50 Points

June 16, 2022
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The Swiss National Bank (SNB) raised its policy interest rate on Thursday for the first time in 15 years as it attempts to fight off inflation. The policy hike comes into effect on June 17. “The SNB is tightening its monetary policy and is raising the SNB policy rate and the interest rate on sight…

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How to Save More When Inflation Makes Your Money Count Less

May 10, 2022
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When it comes to spending power, inflation means that things cost more and that your money becomes less valuable. When a period of high inflation hits—like right now—you may want to consider changing up the way you handle your finances to help protect the value of your cash. “Inflation is a time for investors and…

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Interest Rate Rise to Put Extra Pressure on Struggling Australian Businesses

February 8, 2022
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Small businesses across Australia would have to endure extra pressure after a tough start to 2022 due to the Omicron variant if banks raise their interest rates, CreditorWatch found. The Australian credit reporting agency said that the latest results of its monthly business risk index projected a gloomy prospect for the business community and suggested…

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