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Forbes
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Here Are Today’s Mortgage Refinance Rates: March 6, 2025 – Rates Advance Higher
- Today's mortgage refinance rates saw an increase, with a 30-year fixed rate at 6.67% and 15-year at 5.57%.
- The annual percentage rate (APR) for a 30-year fixed-rate mortgage is 6.71%, offering a cost overview inclusive of fees.
- At the current rate, a $100,000 30-year mortgage would result in around $131,680 in total interest costs over its lifespan.
- For a 20-year fixed mortgage refinance, the average rate is 6.39% with an APR of 6.44%.
- A 15-year fixed refinance mortgage is currently at 5.57%, offering lower interest rates than the previous week.
- Refinancing can provide opportunities to lower interest rates, monthly payments, pay down loans sooner, access equity, or eliminate PMI.
- Consider the break-even point for potential refinancing to weigh savings against closing costs.
- Improvements in credit score or switching to shorter loan terms can help secure competitive rates for refinancing.
- Having a strategic approach in finding the lowest rates is key when considering mortgage refinance options.
- Regularly monitoring fluctuating mortgage rates and managing debt-to-income ratio can enhance refinancing prospects.
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Forbes
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High-Yield Savings Account Rates Today: March 6, 2025 – Rates Are Steady
- Rates on savings accounts have remained steady compared to one week ago.
- The highest yield on a standard savings account with a $2,500 minimum deposit amount is 5.84%.
- High-yield savings accounts often offer considerably higher interest rates than traditional savings accounts.
- The current average APY for high-yield savings accounts with a $25,000 minimum deposit is 0.24%.
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Forbes
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Mortgage Rates Today: March 6, 2025 – Rates Remain Fairly Steady
- The mortgage interest rate on a 30-year fixed mortgage is 6.57%.
- The average rate on a 30-year mortgage is 6.57%, compared to last week's 6.63%.
- The average rate on a 15-year mortgage is 5.58%, down 0.13 percentage point from the previous week.
- On a 30-year jumbo mortgage, the average interest rate fell to 6.93%.
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Forbes
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Money Market Interest Rates Today: March 6, 2025 – Rates At 4.89%
- The highest money market rate today is 4.89%, while the national average rate is 0.54%.
- Money market accounts (MMAs) are interest-bearing deposit accounts offered by banks and credit unions, providing convenient access to cash.
- MMAs typically pay higher interest rates and have higher deposit and balance requirements compared to traditional savings accounts.
- When opening a money market account, it is important to compare rates, minimum balance and deposit requirements, fees, and withdrawal limits.
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HRKatha
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Deloitte tightens hybrid work policy for US tax division
- Deloitte has introduced a stricter office attendance policy for its US tax division, making in-person presence a factor in performance evaluations.
- Employees must now work from a Deloitte office or client site at least two to three days per week, impacting their bonuses.
- The firm has informed tax staff that their performance reviews will include office attendance, requiring in-person collaboration for at least 50% of the workweek.
- This change reflects a more structured approach to hybrid work within Deloitte's tax division, indicating a potential reconsideration of its previous flexible work arrangements.
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HRKatha
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Ogilvy Singapore elevates Sharon Clare Ooi to chief talent officer, Singapore & Malaysia
- Ogilvy Singapore has promoted Sharon Ooi to the role of chief talent officer, Singapore and Malaysia.
- Sharon Ooi joined Ogilvy Singapore in June 2021 as director-talent, Singapore and Malaysia.
- She has prior experience in HR roles at Global Airfreight International, DHL Supply Chain Singapore, Astrata Group, Leo Burnett, and Design Bridge.
- Sharon Ooi is known for her organizational skills and enjoys mentoring and engaging with people.
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HRKatha
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Indian HR tech startup raises $140mn in funding
- Darwinbox, an Indian HR tech startup, has raised $140 million in funding.
- The funding round was co-led by KKR and Partners Group.
- Darwinbox's investors include Microsoft, Salesforce, Sequoia, TCV, Peak XV, and Lightspeed.
- The company has expanded internationally and witnessed significant revenue growth over the past years.
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HRKatha
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80,000 to be laid off from the US Department of Veterans Affairs
- The US administration plans to lay off 80,000 employees from the Veterans Affairs (VA) department in an effort to reduce workforce and achieve the 2019 headcount level of around 400,000.
- The aim is to bring the headcount close to what it was in 2019 while maintaining efficient healthcare and services for veterans.
- A memo has been sent to senior officials, outlining a major reorganization to be implemented over the next five months, involving resizing and structural changes.
- The downsizing is intended to improve transparency, efficiency, and ensure timely quality care for veterans, as part of the administration's effort to eliminate bureaucracy.
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Pcgamer
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Firaxis says it's 'entering our Sukritact Age' as it hires popular modder to work on Civilization 7
- Firaxis has hired noted Civilization modder Sukrit 'Act' Tan to work on Civilization 7 in an official capacity.
- The announcement has generated excitement among fans, given Tan's previous impressive work on mods.
- There are concerns about the impact on Civilization modding, but hopes remain that mod-making will continue.
- While Civ 7's first major update was released recently, further patches are expected in the future.
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Insider
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The playbook for luxury fashion marketing has evolved — 6 strategies can help brands survive the industry's slowdown
- As the luxury slowdown continues, high-end fashion brands are turning to resilient marketing strategies to navigate the challenging industry environment.
- Experiential campaigns, intergenerational omnichannel marketing, and elevated collaborations like Nike and Skims' NikeSkims are proving effective in capturing new audiences.
- Luxury brands are facing shifts due to economic factors like inflation, real estate crises, and changing consumer behavior.
- Resilient marketing strategies are crucial for luxury fashion brands to adapt and thrive in the current landscape.
- Investing in research, hosting personalized experiences, and tapping into the secondhand luxury market are recommended tactics for luxury brand marketing.
- Omnichannel marketing, maintaining brand ethos, and fostering collaborations with influencers and celebrities are also key to success in the luxury fashion industry.
- Innovative marketing approaches, strategic collaborations, and a focus on craftsmanship and individuality are seen as essential for luxury brands to navigate the evolving market conditions.
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HRKatha
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Railway union raises concerns over promotions and transfers
- The Indian Railway Signal and Telecom Maintainers’ Union (IRSTMU) has raised concerns over the promotion and transfer policies within the Railways.
- The union claims that promotions often come with mandatory transfers and that favouritism plays a major role in determining postings.
- The IRSTMU has suggested that employees should be allowed to indicate their preferred locations for vacant positions before being transferred.
- The proposed changes aim to bring transparency to the promotion and transfer process and boost productivity and overall operational efficiency.
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Arstechnica
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Shadowveil is a stylish, tough single-player auto-battler
- Shadowveil: Legend of the Five Rings is a stylish, tough single-player auto-battler.
- Shadowveil is based on the more than 30-year-old Legend of the Five Rings fantasy franchise.
- Shadowveil is a roguelite auto-battler where you pick your hero, train soldiers, and engage in battles.
- The game presents a mostly satisfying mix of overwhelming odds and achievement.
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HRKatha
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IRS plans massive workforce reduction amid government downsizing
- The IRS is planning a major reduction in its workforce, aiming to cut up to half of its employees through layoffs, attrition, and buyouts.
- The move is part of the Trump administration's efforts to downsize the federal government and streamline operations.
- The proposed cuts could significantly impact the IRS's ability to function efficiently, and there are concerns about the agency's capacity to collect taxes and manage its responsibilities.
- The administration is also considering transferring some IRS employees to the Department of Homeland Security to assist with immigration enforcement.
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Forbes
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Mortgage Rates Today: March 5, 2025 – Rates Move Down
- The average interest rate on a 30-year fixed mortgage is 6.5%, down from 6.64% a week ago.
- The average rate on a 15-year fixed mortgage is 5.56%, down 0.16 percentage point from the previous week.
- Homeowners considering refinancing should compare their existing mortgage rate with current market rates before making a decision.
- Factors such as credit score, debt-to-income ratio, and loan programs can also impact qualification for better mortgage rates.
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Forbes
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High-Yield Savings Account Rates Today: March 5, 2025 – Rates Are Steady
- Rates on savings accounts are the same compared to one week ago.
- The highest yield on a standard savings account with a $2,500 minimum deposit amount within the last week has been 5.84%.
- On high-yield accounts requiring a minimum deposit of $10,000, today's best interest rate is 4.88%.
- On high-yield savings accounts with a minimum opening deposit of $25,000, the highest rate available today is 4.4%.
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