Posts in Finance category.
The financial world undergoes changes in 2025 with inflation being steady at 2.4% but felt in wage and asset bases, the Federal Reserve is near 4.5%, and yields from savings over 5% as money flows to High Yield accounts, with stock returns expected to be 7-9%, with exception for some AI sectors.
By 2025, U.S. credit card debt has surpassed $1.13 trillion, due to lingering inflation resulting in average variable rates close to 23%.
In the home buying process, buyers in 2025 will contend with a market that is stabilizing interest rates and slowly increasing inventory levels. At the time of late October, the average 30-year fixed mortgage rate was 6.19%, a far cry from peak rates exceeding 7% in the early part of the year.