{"id":13841,"date":"2024-03-23T00:52:16","date_gmt":"2024-03-23T05:52:16","guid":{"rendered":"https:\/\/www.fitbux.com\/articles\/?p=13841"},"modified":"2024-11-14T16:43:00","modified_gmt":"2024-11-14T22:43:00","slug":"weekly-financial-news","status":"publish","type":"post","link":"https:\/\/www.fitbux.com\/articles\/weekly-financial-news\/","title":{"rendered":"Weekly Financial News"},"content":{"rendered":"

Welcome back to another installment of FitBUX’s Weekly Financial Update \u2013 your personalized bulletin for all things finance.<\/p>\n

Our mission? To empower our community of young professionals, aged between 20 and 40, with the most compelling financial news and insights.<\/p>\n

From the latest on student loans, real estate trends, to stock market movements, and financial planning<\/a>, we have you covered.<\/p>\n

Our expertise? Guiding our community to navigate over $2.6 billion in assets and debts.<\/p>\n

As your authoritative finance partner, we are committed to offering clarity, instilling confidence, and reducing financial stress.<\/p>\n

So, let’s jump into this week’s noteworthy updates and help you optimize your financial health.<\/p>\n

Housing Market<\/h2>\n

Let’s chat about what’s shaking in the housing market, shall we? When it comes to your mortgage rates, it’s all about keeping tabs on inflation and the moves of the Federal Reserve.<\/span><\/p>\n

 So, fun fact: the Fed uses the PCE price index to track inflation, and this week, we got hit with both the monthly and quarterly updates. And guess what? Inflation decided to put on a show, spiking up like it’s nobody’s business. <\/span><\/span><\/p>\n

Here’s the kicker: when inflation gets rowdy, bonds and rates tend to get jittery, especially if it throws the Fed’s plans out of whack. <\/span><\/p>\n

So, those waiting for rate cuts? It may be on hold for now. As a result, mortgage rates jumped this week, with the average lender bumping up by about an eighth of a point. <\/span><\/p>\n

That puts the top-tier conventional 30-year rate over 7.5%, the first time since November. As for tomorrow? Well, who knows, but fingers crossed, it’s better than we expect. Keep calm and carry on, folks!<\/span><\/p>\n

Financial Planning<\/h2>\n

Behavioral finance within the decision-making process is one of the most <\/span>important<\/span> factors in a successful financial plan. <\/span><\/p>\n

Often, we follow learned money habits throughout life that stem from generational habits established before we are born.<\/span><\/p>\n

Joseph Reinke, CFA, explored this idea further in our latest video. In it, he discusses how two FitBUX members use psychology to rethink debt and reduce their financial-related stress.<\/span><\/p>\n

In one instance, the FitBUX member has a low-interest-rate mortgage debt. <\/span>Although his savings account earns more interest, he stresses about having a 300k balance on a mortgage.<\/span><\/p>\n

In the other instance, the FitBUX member needs to save for the IDR tax bomb but stresses that their student loan balance stays unchanged.<\/span><\/p>\n

See how these FitBUX members used Joe’s guidance to reduce stress and create new postive generational habits!<\/span><\/p>\n

Celebrate National Finance Month | Special One Time Offer<\/h2>\n

Student loans, inflation, home unaffordability, financial burnout, etc.. It\u2019s a tough world to live in right now.<\/p>\n

We understand that most young professionals were never taught personal finance. You graduate after attending an expensive program and are told \u201cgood luck\u201d figuring out life changing decisions like saving for retirement, investing, tax planning, or how to repay debt efficiently. <\/p>\n

We worked extremely hard to introduce a financial wellness curriculum to students and we are now making it available to you at an extreme discount!<\/strong><\/p>\n

This is an opportunity for you to learn about personal finance in an easy-to-follow and well-rounded way. With that said, you are the first to have access to our brand-new Financial Wellness course for young professionals and new graduates! <\/p>\n

The FitBUX Curriculum includes lifetime access to over 5 hours of self-paced content. Once you enroll, it’s yours to keep forever. Plus, we will add content regularly to keep the course current at no extra charge.  <\/p>\n

You will learn how to develop and implement a holistic financial plan which will help you:<\/strong><\/p>\n