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Recent News
The Stock Market and the Economy Are Not the Same: A Guide to Understanding the Difference
When we think of financial health, a few things might come to mind. We may think of our own financial situation, our investments, the Dow Jones Industrial Average performance, the stock market as a whole, the economy, the country’s employment status and so on. While some aspects may be interrelated on some level, they do not necessarily move in tandem, nor do they always indicate the health of one another.
Coronavirus & Student Loans: What You Need to Know
As of the end of 2019, student loan debt reached $1.48 trillion in the US, with approximately 45 million borrowers across the country. Over the course of the COVID-19 pandemic, many Americans have experienced unprecedented financial instability. This means that for 45 million Americans, paying down student loan debt may be harder than ever before.
Mortgage Refinancing: How the Market Downturn Has Provided an Interesting Opportunity
As of July 30, the national average rate for a 30-year mortgage has fallen to 2.99%, with an average of 0.8 points paid, while 15-year fixed rates have fallen even further with an average of 2.51% and .7 points paid, according to data from Freddie Mac.1 Mortgage rates have plunged to the lowest levels in decades, and continue to remain near historic lows, driving purchase demand over 20 percent above a year ago. Real estate is one of the bright spots in the economy, with strong demand and modest slowdown in home prices heading into the late summer. Home sales should remain strong the next few months into the fall.
3 Questions to Ask Your Advisor During Times of Volatility
As we’re nearing our way towards the end of 2020, it’s now a great time to consider a few questions to ask your advisor. After facing the quickest drawdown in US market history, we’ve certainly recovered in a similar fashion. While we have made headway in a positive direction, there is still expected volatility on our horizon. Consider these three questions…
