Arnaldo Rodgers is an educated Psychologist and works as a Elementary grade teacher and counselor. He is also editor of Veterans News Now and reports on all issues related to U.S. Veterans.

He is dedicated to excellence and making sure all Veterans get the news they need to make sure their lives are of the highest standards possible.


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4 Personal Finance Trends for the Year

Personal Finance

By Trevor Gerszt

The economy is shifting. Interest rates are rising, the stock market is volatile, and some experts have even forecasted that we’re on the verge of another economic crisis, similar to the one in 2008. With that in mind, how are people dealing with their personal finances in the coming year?

Here are a few trends.

Rising Mortgages

In December of last year, the Federal Reserve voted unanimously to raise the interest rate by 0.25%. It’s their second rate hike in as many years, with a forecast of three more in 2017. This means several things for the average consumer.

Higher interest rates for banks means higher mortgage and credit card rates for us. In 2015, when the interest rate was still near zero, the average mortgage rate for a 30-year, fixed-rate mortgage was around 3.66%. Currently, it’s 4.33%, and has been steadily on the rise all year.

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