Mindblown: a blog about philosophy.

  • SC governor seeks federal disaster recovery aid following Tropical Storm Debby

    South Carolina Governor Henry McMaster has requested federal disaster aid for residents affected by Tropical Storm Debby, which struck on August 8, damaging over 900 homes in Charleston, Colleton, and Dorchester counties. The storm's impact has led to over $16 million in public property damage across a dozen counties. If approved, the aid would provide…

  • No Rate Cuts Until December: BofA’s Forecast

    No Rate Cuts Until December: BofA’s Forecast

    Bank of America predicts interest rate cuts will start in December, despite investor expectations for September.Fed Chair Jerome Powell's decisions will depend on both inflation rates and economic conditions.

  • Interest Rate Forecast for 2025

    Interest Rate Forecast for 2025

    Aggressive Rate Cuts: Fed projects four rate cuts, reducing rates to around 4.1%. Economic Balance: Lower rates aim to boost borrowing and economic activity.

  • 12 Unconventional Ways to Lower Your Mortgage Payment

    Mortgages have increased, impacting monthly budgets. Ways to lower mortgage payments include making a bigger down payment, reducing homeowner’s insurance costs, recasting the mortgage, making bi-weekly payments, refinancing, getting a property tax assessment, negotiating a lower interest rate, downsizing, applying for a modification program, lengthening the loan term, renting out spare space, and paying mortgage…

  • Fed’s Rate Path: Forecast to End 2025

    Fed’s Rate Path: Forecast to End 2025

    OECD predicts a peak in short-term interest rates at 4.4% in Q1 2025, then a gradual decline. Interest rates are forecasted to decrease to 4.2% in Q2, 4.0% in Q3, and 3.7% in Q4 2025.

  • Are Homebuyers Gearing up for a Late-Q3 Fed Rate Cut?

    Are Homebuyers Gearing up for a Late-Q3 Fed Rate Cut?

    A cooling labor market and improved inflation outlook raise expectations of a Federal Reserve rate cut in September. The Fed has kept rates at 5.25% to 5.50% due to economic resilience and persistent CPI levels.

  • Proyecciones De Tasas De Interés Para 2027

    Proyecciones De Tasas De Interés Para 2027

    Nuevo Equilibrio: Se espera que las tasas se estabilicen alrededor del 2.9%. Previsibilidad: Un entorno más predecible para la planificación financiera.

  • How to Pay for Your Home Renovations

    If you're considering a home renovation loan, think about whether the project is necessary or cosmetic. Financing options include cash-out refinancing, home equity loans, personal loans, Fannie Mae HomeStyle Renovation loans, and FHA 203(k) loans. Factors to consider include property value, material costs, and loan terms. Assess the project scope and timeline before deciding on…

  • 4 ways to get the best home equity loan rate

    Potential homebuyers face challenges due to high mortgage rates and low inventory. Homeowners benefit from increased home equity, with an average of $300,000 available. Home equity loan rates are around 8.6%, making them a cost-effective borrowing option. To secure the best rate, shop around, ensure financial stability, consider paying points upfront, explore alternatives like HELOCs,…

  • Benefits of 2024 Fall and Winter for SC Homebuyers

    Benefits of 2024 Fall and Winter for SC Homebuyers

    Autumn sees determined sellers open to negotiations in South Carolina, accepting lower prices in September through November. In winter, housing prices drop and reduced competition helps you find negotiable deals on your dream home.

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