Tag: mortgage stimulus program
When the Mortgage Stimulus Program Ends: Where to Now
The Federal Reserve will stop the program that helps Americans save for retirement, the government announced Monday.The move comes as interest rates on mortgages begin to rise and some of the program’s main beneficiaries, including banks, have begun to cut back.The Fed announced the changes on its website, saying it would “evaluate the future effectiveness…
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How to save for a rainy day: The basics
A new government initiative has helped millions of Indians save for their rainy day.The Bharatiya Janata Party government of Narendra Modi announced on Monday that it would launch a special rainy day loan scheme for households earning less than ₹2 lakh ($1,230) a month, a move which will be available to the poorest Indians for…
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