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        2,512 results found

        1. 7 Easy Ways to Improve Your Credit Score Right Now
          Whether you’re looking ahead to a brighter future or still feeling a financial blow from the pandemic, it’s a good time to take a look at your credit score and find ways to improve it. A higher credit score can help you qualify for better interest rates on all sorts of loans, from mortgages to credit cards. On the othe
        2. More homebuyers are opting into a risky type of mortgage in an attempt to save money
          As mortgage rates rise, more borrowers are looking for ways to keep their homebuying costs down. Could an adjustable-rate mortgage be the way to do that?
        3. Want to Buy a Home in 2024? Here Are 4 Ways to Help Make It Happen
          If you've spent the last few years itching to get on the property ladder, you might be feeling pretty discouraged by persistently higher mortgage rates and a stubbornly low number of houses for sale.
        4. Will Mortgage Rates Finally Fall This Year?
          Prospective buyers waiting for mortgage rates to drop could have cause to be optimistic. But anyone expecting the ultra-cheap rates seen during the pandemic shouldn’t hold their breath.
        5. What are the replacement rates for LIBOR?

          Although options for replacing LIBOR continue to evolve, Old National has currently identified the following potential replacement options for our clients:

          1. Secured Overnight Financing Rate (SOFR)
          2. Term SOFR

          The Secured Overnight Financing Rate or SOFR is the replacement benchmark recommended by the New York Federal Reserve’s Alternative Reference Rate Committee (ARRC). (See references below for more information on the work of the ARRC.) SOFR is derived from transactions that are executed in the overnight repurchase agreement (repo) market. These transactions are executed between banks and other intermediaries and are often collateralized by US Treasury securities. The market for SOFR is very deep and liquid with nearly $1 trillion in underlying transactions executed daily. 

          While SOFR has been identified as the replacement index for LIBOR, there are multiple calculation methodologies which have been developed given that SOFR is a daily rate. The CME Term SOFR Reference Rates benchmark is a daily set of forward-looking interest rate estimates based on the SOFR futures contracts. CME Term SOFR Reference Rates are calculated and published for 1-month, 3-month, 6-month and 12-month tenors. Like LIBOR, CME Term SOFR Reference Rates are forward-looking, and the rate is set at the beginning of the period and interest is paid in arrears.

        6. Federal Debt When Interest Rates Rise
          When interest rates rise, how much will the interest cost of the federal debt increase?
        7. It’s IRA Season – Ensure Your Assets Are Optimally Invested
          Contributing to a traditional IRA or a Roth IRA by April 18 (or April 19 for Maine and Massachusetts residents) is your opportunity to cut your 2021 income taxes with a traditional IRA or get tax-free growth with a Roth, assuming you’re eligible.
        8. HR strategies to navigate open enrollment in a virtual world
          Under normal circumstances, the open enrollment season is a challenging time for HR departments, but 2020 is anything but normal. The COVID-19 crisis has had a profound impact on the economy, unemployment rates, the healthcare system and more. As this year’s open enrollment period rolls up, many employers and HR teams
        9. Why Jerome Powell's business-as-usual Jackson Hole speech was the best possible outcome
          Fed Chair Jerome Powell's annual Jackson Hole speech was uneventful, but that's not a bad thing. Powell reiterated the Fed could start tapering its asset purchases this year and rates aren't changing soon. Stocks hit record highs during the speech as investors shrugged off fears of an early pullback in Fed support. See
        10. Small Business Owner’s Guide to Saving
          A Business Owner’s Guide to Saving talk through your short-term and long-term goals, achieve financial stability, grow their savings, and maximize their earnings.