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Mortgage Rates Today: March 10, 2025 – Rates Remain Fairly Steady
- The average mortgage rate on a 30-year fixed-rate mortgage is now 6.6%.
- Borrowers may save on interest costs by choosing a 15-year fixed mortgage with an average APR of 5.71%.
- Refinancing rates remain steady. The average refinance rate is not specified in the news.
- The interest rate on a 30-year fixed-rate jumbo mortgage increased to 7.01%.
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Latest HELOC & Home Equity Loan Rates: March 10, 2025
- Home equity loans and home equity lines of credit (HELOCs) allow homeowners to tap into the value of their homes.
- 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.
- Options include HELOCs ranging from $100K to $500K, with different terms and repayment periods suitable for various financial needs and projects.
- Home equity loans and HELOCs can be used for home improvements, repairs, debt consolidation, educational costs, and more, helping homeowners increase their net worth and build long-term wealth.
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Money Market Interest Rates Today: March 10, 2025 – Rates At 4.89%
- The current average money market rate is 0.54% while the highest rate is 4.89%.
- Money market accounts are interest-bearing deposit accounts similar to savings accounts.
- They offer higher interest rates but require higher minimum deposits and balances.
- To open a money market account, compare rates, minimum requirements, and other features to find the best fit.
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Forbes
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CD Rates Today: March 10, 2025 – Forbes Advisor
- The best interest rates on CDs currently reach up to 5.06%, depending on the term, with a look at trending CD rates and best rates overview.
- CDs offer fixed interest rates for a specified term where early withdrawal incurs penalties, and choosing a term aligned with needs is crucial.
- Rates for three-month CDs range from 1.3% (average) to 4.72% (highest), with stability in rates from the previous week.
- For a six-month CD, the highest yield remains at 4.94%, maintaining consistency with the prior week, while the average APR is at 1.79%.
- A 12-month CD offers a top rate of 5.02%, with a consistent average APY of 1.87% compared to the previous week.
- Two-year CDs feature rates as high as 4.52%, while three-year CDs reach 4.65% for the highest rate and 1.59% average APY.
- Five-year CDs present a peak rate of 4.43% and an average APY of 1.6%, emphasizing caution regarding early withdrawal penalties.
- Jumbo CDs offer a 6-month term with a highest rate of 4.94% and an average APY of 1.79%, requiring larger minimum deposits.
- Comparison shopping is crucial due to varying CD rates among banks, highlighting potential benefits of online banks over traditional brick-and-mortar institutions.
- Purchasing a CD involves a lump-sum deposit with a set term and interest accrual, emphasizing the importance of avoiding early withdrawals to maximize returns.
- CDs provide a safe investment option with FDIC or NCUA insurance, offering protection up to $250,000 in case of bank failure, making them a secure savings choice.
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HRKatha
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Samsung to hire over 10,000 employees in 2025 amid global tech layoffs
- Samsung Group plans to hire over 10,000 employees in 2025 despite global tech layoffs.
- This marks the first phase of recruitment that starts on 10 March 2025.
- The hiring push aligns with Samsung's long-term plan to onboard 80,000 employees in various sectors.
- This move contrasts with the recent job cuts in the tech industry by companies like Intel and Meta.
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Forbes
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Today’s Mortgage Refinance Rates: March 10, 2025 – No Movement On Rates
- Today's mortgage refinance rates remained steady, with a 6.72% average rate for a 30-year fixed-rate mortgage.
- For a 20-year financed mortgage, the rate averaged 6.45%, while a 15-year financed mortgage averaged 5.64%.
- The APR for a 30-year fixed-rate mortgage refinance is 6.75%.
- Borrowers with a 30-year refinance mortgage of $100,000 at 6.72% would pay around $646 per month in principal and interest.
- On a 20-year fixed mortgage refinance, the average rate is 6.45%, with an APR of 6.49%.
- A $100,000 20-year fixed-rate refinance would cost $743 monthly in principal and interest.
- The 15-year fixed mortgage refinance averaged 5.64% with an APR of 5.7%.
- Borrowers with a 15-year refinance would pay about $825 monthly in principal and interest for a $100,000 loan.
- Refinance rates are typically higher than purchase loan rates by 0.01% to 0.15% for a 30-year fixed rate.
- Consider factors like closing costs and loan terms when deciding whether to refinance to potentially lower your monthly payments.
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HRKatha
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Which stage of innovation speed is your organisation in—frictional, functional or accelerated?
- Innovation is a crucial element for the success of organizations.
- Organizations should prioritize innovation and make it a proactive mindset.
- Innovation speed can be categorized into three stages: frictional, functional, and accelerated.
- To achieve accelerated innovation, organizations should focus on employee recognition, collaboration, open dialogue, flexibility, and upskilling programs.
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HRKatha
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Meghalaya records shortest working hours in India
- Meghalaya has some of the shortest working hours in India, with individuals dedicating about 422 minutes (roughly seven hours) daily to paid work on average.
- In urban areas of Meghalaya, the average time spent on economic activities drops to around 375 minutes or 6.25 hours.
- Meghalaya, along with Goa and other northeastern states, exhibits similarly short workdays across both public and private sectors.
- The trend of shorter workdays extends to other states in the Northeast, while regions like Delhi and Daman & Diu have longer work hours.
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HRKatha
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Vedanta has 21% women in workforce with 28% in leadership roles
- Vedanta Group has achieved a significant milestone in gender diversity, with 21% women in its workforce and 28% of them in leadership roles.
- The company aims to achieve 30% women representation by FY2030.
- Vedanta has implemented progressive hiring and workplace policies to attract skilled women professionals and provide them with support and career development opportunities.
- Initiatives such as all-women security teams and mentoring programs reflect the company's commitment to gender inclusion.
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Medium
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Prepare Your Child for Advanced Math: Signs and Strategies
- Children who show strong curiosity about mathematical concepts outside their current grade level and engage in exploring patterns and understanding the "why" behind rules may be ready for advanced math.
- Children who enjoy solving puzzles and challenges, and exhibit persistence and excitement when encountering tricky problems, are often ready for advanced math.
- To cultivate problem-solving skills, provide activities such as Sudoku, Rubik's Cube challenges, or strategy-based games.
- For more information, refer to the full article "Prepare Your Child for Advanced Math: Signs and Strategies" on Moonpreneur's website.
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HRKatha
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DTDC opens third all-women-operated branch in Thane
- DTDC Express has opened its third all-women-operated branch in Thane, Mumbai.
- The Thane hub handles over 100 tons of shipments every month and women employees will manage nearly 30 percent of the shipments.
- The facility was inaugurated on International Women’s Day and aims to create an inclusive workplace in a male-dominated industry.
- With this expansion, DTDC is driving change and promoting gender inclusivity in the logistics sector.
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HRKatha
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How an Indian gifting giant discovered that taking care of staff is good for business
- Three decades ago, Ferns N Petals (FNP) started as a flower boutique, now operates in five countries and serves 74 nations.
- FNP prioritizes workplace culture by focusing on flexibility, development, and well-being for employees.
- They introduced flexible working arrangements for corporate and customer-facing roles, leading to improved retention rates.
- Acknowledging the shift in demographics, FNP caters to Generation Z and millennial employees' career expectations.
- The company allows transfers between cities based on personal circumstances to retain talent.
- FNP nurtures a leadership pipeline, encourages risk-taking, and celebrates innovation among employees.
- An internal communications strategy ensures employees are informed and involved in decision-making processes.
- FNP leverages technology for comprehensive HR systems and aims to use AI for personalized employee experiences.
- By treating employees as valuable assets, FNP sets an example for retail businesses to prioritize staff well-being.
- Investing in employee care not only enhances workplace culture but also improves business performance at FNP.
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HRKatha
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Lloyds to shift 4,000 roles to India this year; already hiring
- Lloyds Banking Group plans to shift 4,000 IT roles to India by the end of 2025.
- This would mean that almost 50% of Lloyds' engineers will be based outside of Britain by the end of this year.
- The bank aims to create 1,200 new roles for highly-skilled tech workers as part of the restructuring and review exercise.
- Lloyds has already let go of 500 people in 2021, closed offices and branches, and is focused on digitization and cost-cutting measures.
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TheStartupMag
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Stop Using Your Business Like a Personal ATM—Here’s Why It’s Killing Your Startup
- Launching a startup is exhilarating, but using it as a personal piggy bank can be detrimental to its success.
- By treating your company like a personal ATM, you drain its resources needed for growth and stability.
- This practice can raise red flags for investors and lenders, making it harder to secure funding.
- Mixing personal and business expenses can lead to tax issues and financial chaos.
- Reinvesting in business growth and maintaining separate accounts are crucial steps to break this harmful habit.
- Paying yourself a set salary, using accounting software, and seeking financial advice can help manage finances better.
- Resist the urge to impulsively withdraw from your business and focus on nurturing and reinvesting to ensure long-term success.
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HRKatha
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NMDC partners with CIPET to train 500 youth of Dantewada
- The National Mineral Development Corporation (NMDC) has partnered with the Central Institute of Petrochemicals Engineering & Technology (CIPET) to offer free skill development training courses for 500 youth in Dantewada and Bastar districts of Chhattisgarh.
- The fully funded courses aim to make the youth more employable, with the opportunity to earn between Rs 15,000 - Rs 25,000 per month on completion.
- The training program covers various levels of qualification, offering courses in plastic processing, moulding, extrusion, recycling, and more.
- By providing free skill-based education, NMDC is promoting local employment, strengthening the region's economy, and reducing migration in search of jobs.
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