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Economy
Dave Ramsey's team offers suggestions for your finances (video)
2023-10-02
[FOX via MAIL] Decades-high home mortgage rates, seasonal holiday spending, and student loan payments kicking back in on Sunday are compounding financial pressures Americans are facing.

Financial expert Dave Ramsey and his team doled out some advice to those looking to buy homes, as well as those looking to make it through the holiday season.

On a recent Fox & Friends panel, Ramsey, founder of Ramsey Solutions, said that despite the sky-high interest rates, now still may be the most optimal time to purchase a home for some.

'If you're out of debt and you've got your emergency fund,
...ideally six months of expenses...
prices aren't going to go anywhere but up, even with interest rates going up. So if you get an interest rate you don't like, you obviously can refinance later and get back out of it.
...possibly much later when the federal government isn’t sucking up so much of the loan market to pay for the interest on the national debt...
But the housing market is just stalled ,' he said.

The nationally syndicated radio host added, as he often does, that, for those dealing with financial strain, it is 'time to get on a budget and get on a plan.'

'We got Bloody Sunday with the student loans kicking back in Sunday, and Christmas is bearing down on us,' he noted.
Posted by:Besoeker

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