Estimated reading time: 3 minutes Rate Relief Last week, the Federal Reserve cut its federal funds rate for the first time in more than four years. For anyone in the market to buy a home, this was an important development as the Fed’s key interest rate is a driver for mortgage rates. So will this mean America’s…Read more
SoFi Hong Kong Blog - Headlines
Estimated reading time: 3 minutes Gold prices just broke another record, passing $2,600 per ounce for the first time last week, a key milestone as the precious metal’s strong performance in 2024 continues. So what’s going on? Gold Rush The price of gold started the year around $2,000 per ounce. Its price has increased by nearly a…Read more
Homeownership and the American Dream The Federal Reserve finally did it. It lowered its key interest rate. It kicked off this cutting cycle with a bang, delivering a larger-than-usual 50 basis point cut. Before you rush to check the latest mortgage rates and get confused as to why they haven’t yet fallen by half a…Read more