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Forbes
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Current HELOC & Home Equity Loan Rates: December 12, 2024—Rates Are Mixed
- Home equity loans and home equity lines of credit (HELOCs) allow homeowners to tap into the value of their homes.
- HELOC rates are tied more closely to banks than are first-mortgage rates.
- A home equity loan is a fixed-rate, lump-sum loan that allows homeowners to borrow up to 85% of their home’s value and pay that amount back in monthly installments.
- A home equity line of credit is a variable-rate second mortgage that draws on your home’s value as a revolving line of credit.
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Forbes
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Today’s Top Money Market Account Rates For December 12, 2024 — Rates Move Downward
- Today's highest money market rate is 5.00%, compared to a national average rate of 0.56%.
- Money market accounts (MMAs) are interest-bearing deposit accounts that can be opened at banks or credit unions.
- MMAs offer higher interest rates but often require higher minimum deposits and balances.
- To open an MMA, compare yields, meet minimum requirements, consider fees and features, and submit an application.
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Forbes
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High-Yield Savings Account Rates Today: December 12, 2024 – Rates Are Mixed
- Rates on savings accounts are mixed compared to one week ago. The highest APY on a standard savings account with a $2,500 minimum deposit requirement is 6.82%. The average APY for a traditional savings account is 0.23%. High-yield savings accounts generally pay much more interest than conventional savings accounts.
- On high-yield accounts requiring a minimum deposit of $10,000, the best interest rate is 6.82%. The average APY for those accounts is now 0.23% APY.
- On high-yield savings accounts with a minimum opening deposit of $25,000, the highest rate available today is 6.82%. The current average is 0.25% APY for a high-yield account with a $25,000 minimum deposit.
- When choosing a high-yield savings account, consider factors such as the interest rate, minimum deposit, fees, and the reputation and safety of the bank or credit union. Opt for institutions insured by FDIC or NCUA.
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Rockpapershotgun
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The RPS Advent Calendar 2024, December 12th
- The RPS Advent Calendar 2024 is featuring one of their favorite games each day leading up to the Game of the Year on December 24th.
- Today's featured game is Balatro, a roguelite deckbuilding game with a hypnotic soundtrack and combinatory possibilities.
- Balatro offers unlockable Jokers, tarot cards, and a selection of card materials, stickers, and seals for enhanced gameplay.
- The game balances a nostalgic papery and pixelly presentation, enticing players to score high and keep coming back for one more go.
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HRKatha
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Dubai simplifies domestic worker visa with Dubai Now app
- Dubai has simplified the domestic worker visa process through the Dubai Now app.
- The new 'Domestic Worker Package' reduces the number of service channels from four to one.
- Previously, the process involved multiple service channels, numerous steps, and visits to different centers.
- The app reduces the number of visits to service centers, processing time, and required documents, making the process faster and more efficient.
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HRKatha
1w
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Kaushik Mukherjee appointed CTO, super.money
- super.money, a credit-first UPI platform, has appointed Kaushik Mukherjee as its new chief technology officer (CTO).
- Mukherjee brings more than two decades of experience and expertise in technical architecture and system performance.
- His previous roles include senior engineering manager at Flipkart and head software engineer at udaan.com.
- In his new role at super.money, Mukherjee will drive innovation, enhance customer experience, and maintain competitive edge.
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HRKatha
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Tata Workers’ Union organises farewell function for retirees
- A farewell function was held by Tata Workers' Union to honor 20 retired employees of Tata Steel.
- The retirees were celebrated for their long and dedicated service to Tata Steel and the union.
- During the ceremony, the retirees received bouquets and gifts as a token of appreciation.
- The event was attended by key union leaders.
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Forbes
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8
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Here Are Today’s Refinance Rates: December 12, 2024—Rates Inch Up
- Today, the rate on a 30-year fixed refinance rose.
- The current 30-year, fixed-rate refinance is averaging 7.13%.
- For a 20-year fixed refinance mortgage, the average interest rate is currently 6.98%.
- At today's interest rate of 6.98%, a 20-year, fixed-rate mortgage refinance of $100,000 would cost $774 per month.
- For a 15-year fixed refinance mortgage, the average interest rate is currently 6.21%.
- At a 15-year fixed refinance mortgage rate of 6.21%, a borrower would pay $855 per month in principal and interest.
- No mortgage refinance rates are typically higher than purchase loan rates due to additional risk for the lender.
- When you refinance, your new rate is based on current refinance rates and your loan term.
- Refinancing your mortgage can be worth it for reasons that include lowering your interest rate or your monthly payments.
- Lenders offer multiple mortgage refinance options to help you quickly compare your potential rate and monthly payment.
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Forbes
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Mortgage Rates Today: December 12, 2024—Rates Remain Fairly Steady
- The current average mortgage rate on a 30-year fixed mortgage is 7.05%, compared to 7.08% a week earlier, according to Curinos.
- For borrowers who want a shorter mortgage, the average rate on a 15-year fixed mortgage is 6.20%, down 0.05 percentage point from the previous week.
- To get an idea of how much you’ll pay for a $100,000 mortgage with a 30-year fixed-rate loan at the current average interest rate of 7.05%, the Forbes Advisor mortgage calculator shows it will cost you about $669 including principal and interest (taxes and fees not included) each month. The total interest over the life of the loan would be around $140,743.
- Today’s 15-year mortgage (fixed-rate) is 6.20%, down 0.05 percentage point from the previous week.
- On a 30-year jumbo, the average interest rate sits at 7.04%, lower than it was at this time last week.
- The Federal Reserve’s restrictive monetary policy—including its interest rate hikes, which it’s using to restrain inflation—is the primary factor that’s pushing long-term mortgage rates higher. The state of the economy and housing market also affects mortgage rates.
- Shop around and talk to various lenders to get a sense of each company’s mortgage loan offerings and services.
- Multiple factors affect the interest rate for a mortgage, including the economy’s overall health, benchmark interest rates and borrower-specific factors.
- Home buyers can make several moves to improve their finances and qualify for competitive rates.
- Buyers in eligible rural areas with a moderate income or lower may also consider USDA loans. This program doesn’t require a down payment, but you pay an upfront and annual guarantee fee for the life of the loan.
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HRKatha
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Kerala cabinet approves increased pension age for NORKA employees
- The Kerala cabinet has approved raising the pension age for NORKA ROOTS employees from 58 to 60 years.
- The decision aligns with the government’s efforts to enhance employee welfare and address concerns related to extending careers within the organisation.
- The Kerala cabinet, chaired by Chief Minister Pinarayi Vijayan, decided against raising the retirement age for government employees to 60, keeping it at 56.
- To streamline recruitment, the government has also made it mandatory for all departments to report vacancies annually to the Public Service Commission (PSC).
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HRKatha
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Can access to water increase women’s LFPR?
- Access to tap water has led to a significant increase in women's workforce participation in rural India.
- The Jal Jeevan Mission (JJM) has successfully provided tap water connections to rural households.
- States like Uttar Pradesh, Odisha, and West Bengal have seen a positive correlation between improved water access and women's participation in agriculture and the workforce.
- The initiative has not only improved health and living standards but also empowered women, strengthened rural economies, and promoted overall growth.
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Nordicapis
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6 Case Studies of API Governance Done Right
- API governance is a balance between decentralized control and standardized guidelines. Here are six examples of organizations that enacted API governance and got it right!
- Atlassian resolved the issue of siloed teams by creating a structured framework called Extensibility Standards for API design and development, which can be easily shared and referenced.
- Vodafone adopted the TMF Open Digital Architecture for standardizing their API governance and development. By leveraging open APIs, Vodafone can deploy a highly modular and flexible architecture for its internal systems.
- Facebook enforces API governance through the establishment of standards by the nature of each API. This so-called “governance arrangement” allows APIs to operate with each other by respecting the governance of the collective system.
- A large telecom operator in the UK created an API Governance Team with Tony Harris to create the API guidelines, standards and roadmap to reach their goal. A team called API Farm was created to generate APIs utilizing a “Factory Model” that ultimately delivered more than fifty APIs within six months.
- Microsoft’s Graph API is a unified approach toward software development that uses a single API to connect to various services and APIs for novel development. Microsoft looked to AI — retrieval augmented generation (RAG), to speed up the process of API governance.
- Netflix leverages a federated GraphQL platform. A GraphQL service allows developers to define their own federated GraphQL schema for API development, and the APIs that interact with it are governed by the nature of the resource.
- These six examples have blazed new trails in the area of API governance. Governance is a principal focus for many security engineers and developers, and having a bevy of solutions to the complex balance of decentralized development and centralized control is extremely important.
- These examples show the power of combining structure with flexibility to achieve optimal API governance. By using automation, governance rulesets, and generative tooling, API governance can be made more efficient and effective.
- What do you think of these strategies? Let us know in the comments below!
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HRKatha
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350
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Compulsory retirement isn’t ordered as a punishment: Chattisgarh HC
- The Chhattisgarh High Court has ruled that compulsory retirement is not ordered as a punishment. The court made this ruling in the case of a government employee who was compulsorily retired at the age of 50 without completing seven years of regular service.
- The petitioner argued that his annual confidential reports were not taken into account while ordering his compulsory retirement. However, the court found that the petitioner had a criminal case registered against him and his overall grade was below average.
- According to Rule 56(2)(a) of Chhattisgarh Fundamental Rules, the state has the authority to compulsorily retire a government servant who has completed 20 years of service or attained 50 years of age. The decision should consider factors like honesty, integrity, physical capability, work, and conduct.
- In this case, the court justified the decision to retire the petitioner by stating that his overall grade was below average and it was taken in public interest and on subjective satisfaction, not as a punishment.
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HRKatha
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How Terumo India empowers employees to dream big
- Terumo India is empowering its employees to align personal aspirations with the company’s vision.
- The philosophy of ‘grow your own way’ empowers employees to take ownership of their careers.
- Terumo India champions the 70:20:10 model of development, ensuring that employees learn by doing (70 per cent), grow through mentorship (20 per cent), and refine their skills via formal education (10 per cent).
- 'Terumo One Connect', a platform that enables associates to explore opportunities beyond their immediate roles.
- The Yume programme is the heart of Terumo India’s career development strategy.
- Innovation challenges and collaborative platforms foster a culture of experimentation at Terumo India.
- The company places employee well-being as vital and has evolved its ‘Commit to Be Fit’ initiative for physical, mental, and spiritual health.
- Metric of 5–10 per cent attrition rate reveals employee satisfaction in the company.
- Terumo India’s success lies in a simple yet profound belief: that advancing healthcare starts with empowering the people behind it.
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HRKatha
1w
219
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EPFO subscribers’ll soon be able to withdraw PF via ATMs
- Subscribers of the Employees’ Provident Fund Organisation (EPFO) will be able to withdraw cash from their provident fund via ATMs.
- The subscribers will be given a card that will serve as a debit card and allow them to withdraw money from their fund via ATMs.
- The process of settling claims will be made faster and more convenient for everyone.
- The Ministry of Labour is mulling over reforms in EPFO services, which may result in the 12 per cent cap in employee’s contribution being removed.
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