finances tagged posts

Thanks to L. K. Benson for sharing with us.

Last January, in our 2022 market commentary, we talked about how the world will never stop surprising us. Yet, despite the surprising nature of the world, our desire to try to predict the future never stops. Every conversation we have about the markets includes a question about what we think will happen next. Usually, that question begins with “I know you can’t predict these things,” but we still can’t stop ourselves from asking for a prediction anyway!

This doesn’t just happen in the markets. In sports, people spend hours trying to predict who will win the next big game or the next championship. Every election year, there is endless commentary and polls trying to predict who will be elected...

For the past 30 years, interest rates have not been constant, with no mortgage relief in sight. Rather, they have varied depending on various factors. However, the average interest rate during this period has been between 5% and 10%, which is relatively high compared to historical standards. According to industry experts, there is a possibility that interest rates will decline to around 6% or lower by the end of 2024, which would be a significant drop from the current levels. This information may be useful for you if you are thinking about purchasing or selling a property in the near future.

Here is an infographic that explains the situation:

Many industry experts have expressed their views on mortgages and how they affect our lives...