According to BankRate.com, home mortgage rates dropped to their lowest level in 17 months. The 30-year mortgage is at 4.04% and a 15-year mortgage is at 3.41%. Rates on 30-year jumbo loans also fell to 4.10%. This is great news if you’re considering buying a home and should serve as a reminder to check your […]
It is certainly a proud moment in a parent’s life when their child graduates from college. And proud you should be. Research indicates that college graduates earn in excess of $1 million more over their careers than non-graduates. And while we tend to think of this as the ‘next phase’ of a child’s life…getting a […]
The are many ways I measure my success as a wealth manager, but one of the most important ways is how many nervous calls I receive from clients when financial market volatility increases. If I’m doing my job well my clients achieve a certain mindset and comfort level, allowing them to navigate extreme periods of […]
In late 2007, right before the banking meltdown that ushered in the Great Recession of 2008, we were easily earning north of 4% on money market accounts. As the recession unfolded, and with much help from the Federal Reserve, interest rates plummeted to near zero percent…actually zero percent in many cases. Some ten years later […]
For as long as I can remember, having a home mortgage was considered ‘good’ debt. The reason was that you were borrowing money to buy something that’s expected to increase in value…AND you received a tax deduction for your interest payments! What’s changed? In 2017, 32 million taxpayers were eligible for the mortgage interest deduction. […]