Market Update 4-4-2022

Last week, we saw the end of March, the end of the first quarter and the start of a new month. The market eked out a gain for the week, finished up for March, but had its worst quarterly performance since Q1 2020 at the start of the pandemic. In other economic news for the…

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Market Update 3-28-2022

Last week, the market rallied for the second week in a row, finishing the week up +1.8%, up +3.9% for March thus far, but still down -4.7% for the year. The big story of the week, however, was a major move in interest rates. Learn just how much interest rates are increasing, what’s driving it,…

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Financial Truth or Myth: Is A House a Good Investment?

An ongoing debate in the personal finance community is this… is a house a good investment? Or is it a liability in disguise? Welcome to a new ongoing series here at Family Finance Mom, Financial Truth or Myth. I should probably also add a third category, opinion. With each topic I’ll break it down with…

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Monday Market Update 5-24-2021

The market was a bit mixed last week. Inflation and rising interest rates continued to pressure the market early in the week, while improving jobless claims numbers led to some market recovery on Thursday. We also got the Fed’s minutes from their April meeting, some insights into negotiations on the American Jobs Plan, aka Biden’s…

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This Week in the Market 5-17-2021

Earnings season just about wrapped up last week… but the biggest market impact of the week came from the CPI report. Despite everyone predicting it was coming, now that we actually see inflation in the reported data, the market didn’t like it too much. We also saw flat retail sales number for April too. To…

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Weekly Market Review 5-10-2021

Earnings season continued last week… but the two biggest market impacts of the week came from unexpected sources. First, a big negative surprise from the April Employment numbers drove markets…up? And crypto fans eagerly awaited Elon Musk’s host appearance on SNL and were likely not happy with what he had to say. It’s all outlined…

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10+ Things to Know About How Mortgages Actually Work

This quarter for the Family Finance Book Club pick, we read The Big Short by Michael Lewis, giving many of you a front-row seat and eye-opening read about how the mortgage industry nearly collapsed the entirety of Wall Street, taking Main Street down with it… but it also left you with lots of questions. Like,…

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How to Calculate How Much House I Can Actually Afford

First time homebuyers, and even experienced homebuyers who may be buying in a new area or buying into a higher price point, often ask me how much house they can really afford or how much of their income their mortgage should be. The key to answering these questions is understanding that the total cost of…

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