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The Federal Reserve just raised interest rates for the first time since 2023, and they hinted at 1 more rate hike possibly this year. How does that change your money? Here are 4 ways: 1️⃣ Your credit card, HELOCs, and adjustable rate loans are tied to the prime rate, and they are going to get more expensive within 1-2 cycles. If you carry a credit card balance, paying it down now is the best guaranteed return you can get. 2️⃣ your high yield savings should earn more if your bank passes the rate
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Federal Reserve Chairman Kevin Warsh talks about the decision to raise the Fed's benchmark interest rate by 25 basis points to a target range of 3.75%-4%, its first increase since 2023. Find more on CNBC at the link in bio or the link on screen. #CNBC
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Everyone's complaining about 7% interest rates. While we're over here picking up properties with a 3% rate all the time. We didn't go to a bank or need credit. All we did was find a vacant house and took over the seller's existing loan, rate and all. You just have to know where to look and how to talk with sellers. I can help you with that. Click link in bio and rsvp to a free training with me. 🤝🏽 I'm breaking down how to find these properties and make money off them step by step.
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