News & Events

Mortgage rates forecast: Expected trends for 2024
...the purchasing power of first-time and repeat homebuyers as a result. While mortgage rates will hopefully decrease from recent highs over the next year, they’re unlikely to return to the all-time...

In A Toughening Economic Climate, Relationships Are King
Click to save this article.You'll be asked to sign into your Forbes account.Got itDec 7, 2023,07:00am EST Ziv Biron is the President and CEO of IDB Bank, a New York State-chartered commercial bank...

Why Next Week’s Meeting Of The Federal Reserve Will Bring More Pain
Stocks last month enjoyed a rip-roaring rally. Markets anticipate that the Federal Reserve will start cutting interest rates next year and that at next week’s...

30-year mortgage rates keep falling, creep back toward 7%
Lower Mortgage rates dropped again this week, according to Bankrate's national survey. The average rate on 30-year fixed mortgages retreated to 7.23 percent this week, down from 7.41 percent...

Americans ramp up holiday spending plans even as they give the economy low marks
New York CNN  —  Many Americans tell pollsters they are not happy with the state of the US economy. And yet Americans simultaneously say they plan to ramp up their holiday spending. Americans now...

2024 Student Loan Outlook: What To Expect
Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations. With the strike down of President Biden’s forgiveness plan,...

Wage Growth Hit Lowest Level Since 2021 Last Month, ADP Says In Jobs Report
Click to save this article.You'll be asked to sign into your Forbes account.Got itDec 6, 2023,09:36am EST Topline U.S. job growth continued to cool considerably in November as pay increases...

Three Tips For Prepping Your Business In The Event Of A Recession
Click to save this article.You'll be asked to sign into your Forbes account.Got itDec 6, 2023,07:45am EST CEO at Novae, a black-owned fintech serving consumers and small businesses nationwide,...

Is a recession on the horizon? More bank CEOs think so
New York CNN  —  Add Citigroup CEO Jane Fraser to the growing list of bank CEOs who are warning about tough times ahead. While Fraser doesn’t “see a drastic downturn on the horizon,” the head of...

The ‘Silent Recession:’ Economists say the economy is strong, but most Americans feel like they’re living in a downturn
...after her landlord raised rent to $1,400 a month. Even with mortgage rates holding near the highest levels in two decades, the monthly payment is going to cost about $300 less than if she’d stayed...