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Here Are Today’s Mortgage Refinance Rates: February 27, 2025 – Rates Decrease
- The 30-year fixed refinance rate decreased to 6.72%, while the 15-year fixed average rate is 5.69%.
- For 20-year mortgage refinances, the average rate stands at 6.53%.
- The APR for a 30-year fixed-rate mortgage is 6.75%, down from 6.98% last week.
- Borrowers with a $100,000 30-year mortgage will pay about $646 monthly for principal and interest.
- The APR on a 20-year fixed mortgage is 6.57%, while the 15-year fixed refinance rate is at 5.69%.
- Refinancing may help lower interest rates, reduce monthly payments, or access home equity for financial needs.
- Jumbo mortgage refinance rates also decreased, with 30-year fixed jumbo at 7.09% and 15-year fixed jumbo at 6.12%.
- Refinancing can be advantageous if closing costs, discount points, and mortgage insurance are managed wisely.
- It's essential to calculate the break-even point to determine if the savings from a lower interest rate exceed closing costs.
- Improving credit score and comparing rates are key factors in securing a competitive mortgage refinance offer.
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High-Yield Savings Account Rates Today: February 27, 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 6.35%.
- On high-yield accounts requiring a minimum deposit of $10,000, today's best interest rate is 6.35%.
- Interest rates on savings accounts typically fluctuate in response to other rate changes throughout the economy.
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CD Rates Today: February 27, 2025 – Rates Rise
- Today's CD rates can go as high as 5.06%, much higher than in the past.
- CDs offer fixed interest rates and better yields than high-yield savings accounts.
- Early withdrawal from a CD can result in penalties, sometimes equivalent to a year's interest.
- Rates for 3-month CDs range from an average of 1.3% to a high of 4.72%.
- The highest rate for a 6-month CD is 4.94%, with an average APR of 1.82%.
- A one-year CD offers a top rate of 5.02% and an average APY of 1.87%.
- For 2-year CDs, rates are as high as 4.52%, with an average APY of 1.68%.
- The best rate for a 3-year CD is 4.65%, while 5-year CDs offer up to 4.43%.
- Jumbo CDs require larger deposits, with rates as high as 4.94% for 6-month terms.
- CD rates vary between banks, so it's important to compare and find the best deal.
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Latest HELOC & Home Equity Loan Rates: February 27, 2025
- Home equity loans and home equity lines of credit (HELOCs) allow homeowners to tap into the value of their homes.
- Home equity loans are fixed-rate, lump-sum loans that allow borrowers to borrow up to 85% of their home's value and pay it back in monthly installments.
- HELOCs are variable-rate second mortgages that provide a revolving line of credit using the home's value as collateral.
- HELOC rates are closely tied to banks and may be affected by the Federal Reserve's interest rate changes in 2022.
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Forbes
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Mortgage Rates Today: February 27, 2025 – Rates Move Down
- The average mortgage rate on a 30-year fixed mortgage is 6.63%.
- The rate on a 15-year fixed mortgage is 5.71%.
- The average rate on a 30-year jumbo mortgage is 7.03%.
- Different factors like credit score, down payment, and loan program can affect mortgage rates.
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Forbes
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Money Market Interest Rates Today: February 27, 2025 – Earn Up To 4.89%
- The average money market rate is 0.54%, with the highest rate being 4.89%.
- Money market accounts are interest-bearing deposit accounts that can be opened at banks or credit unions.
- These accounts are insured up to $250,000 per depositor by the FDIC at banks or the NCUA at credit unions.
- Money market accounts offer higher interest rates but often require higher minimum deposits and balances.
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HRKatha
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AICCTU to resist implementation of Labour Codes
- The All India Central Council of Trade Unions (AICCTU) plans to resist the implementation of Labour Codes.
- AICCTU believes that the Labour Codes favor the corporate and are not in the interest of the workers.
- They are prepared for a nationwide strike if the Centre proceeds with the implementation ignoring the protests of the workers.
- The recent 'Reclaim the Workers' Rights' conference in Delhi discussed various issues, including labour rights, exploitation by corporations, contract system, privatisation, and minimum wages.
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HRKatha
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10-20% hike for exceptional performers of Infosys
- Infosys has announced salary increments for its employees, with the top performers receiving hikes in the range of 10-20%.
- The average salary hike for employees is in the range of 5-8%.
- Increments were announced for band JL6 and below, effective from 1 April.
- Employees categorized as 'needs improvement' did not receive any salary hike.
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HRKatha
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Vikas Neb is Casio India’s head of HR
- Vikas Neb has joined Casio India as head of human resources.
- He has moved from Sojitz, where he worked for over seven years, starting December 2017.
- Vikas Neb has over two decades of experience in HR.
- His professionalism and work ethics are expected to be an asset to Casio India.
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Newsbtc
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Is Bitcoin Undervalued? Crypto Sentiment Index Flashes “Massive Contrarian Buy Signal”
- Bitcoin (BTC) has experienced a significant price pullback, with liquidations exceeding $1.5 billion from long positions.
- Despite the recent downturn, overall sentiment towards the crypto market appears to be improving, as suggested by the Cryptoasset Sentiment Index.
- US spot Bitcoin exchange-traded funds (ETFs) recorded their largest daily net outflow, indicating bearish sentiment around risk-on assets.
- On-chain data indicates that crypto whales are capitalizing on market uncertainty by accumulating BTC following the recent sell-off.
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HRKatha
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How an Indian logistics startup solved its leadership pipeline problem
- Porter, an Indian logistics startup, addressed its leadership pipeline challenge by recognizing the need for homegrown leaders to sustain success.
- The Aspiring Manager Programme (AMP) and Accelerated Capability Enhancement (ACE) were introduced to foster leadership skills in employees.
- AMP focuses on basic managerial skills like communication and delegation, while ACE targets strategic leadership for managers of managers.
- Self-awareness, decision-making, and developing others are key components of the leadership development programs at Porter.
- The emphasis on coaching skills and succession planning helps in reducing dependency on individual leaders within the organization.
- Collaboration is encouraged at Porter, with teams organized around specific categories rather than functional departments.
- The initiatives have positively impacted Porter's organizational culture, promoting high performance, accountability, and internal growth opportunities.
- Approximately 300 employees have been trained through the AMP and ACE programs, with over 35% of participants advancing to higher roles.
- The retention rates for AMP and ACE graduates at 88% and 87%, respectively, demonstrate the effectiveness of the leadership development approach.
- Porter plans to expand the initiatives further with advanced simulations, case studies, and mentorship circles to continue developing internal talent for future leadership roles.
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HRKatha
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onsemi to trim global workforce by 2,400 this year
- US-based company onsemi plans to trim its global workforce by 2,400 this year.
- The layoffs will impact about nine percent of onsemi's team worldwide, with job cuts across all business divisions.
- The cost-saving measure is expected to save the company $105m to $115m annually.
- The impact on Bangalore India Development Centre (BIDC) is not known yet.
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HRKatha
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Apna.co to help generate 1 lakh jobs in MP
- Apna.co has signed a Memorandum of Understanding (MoU) with the Madhya Pradesh government to generate one lakh jobs annually.
- The collaboration aims to bridge the gap between job seekers and recruiters using digital channels and artificial intelligence (AI) technology.
- The jobs will be available across sectors including logistics, healthcare, manufacturing, retail, and IT.
- Registered micro, small and medium enterprises (MSMEs) in Madhya Pradesh will receive credits to post free job listings, streamlining the hiring process.
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HRKatha
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Does Meta favour foreign H1B-visa workers over Americans?
- Meta, the parent company of Facebook, is facing a lawsuit alleging that it favors hiring foreign workers with H1-B visas over American applicants.
- The lawsuit claims that Meta prefers foreign workers because they are more economical resources, as they can be paid less than local talent.
- The plaintiffs, who are US citizens, accuse Meta of hiring foreign workers with H1-B visas instead of equally qualified American applicants.
- Although Meta denies these allegations, previous data and settlements indicate a history of similar discrimination cases against the company.
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HRKatha
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Chinese firm withdraws policy demanding single employees marry by September
- Chinese firm, Shuntian Chemical Group, withdraws policy demanding single employees marry by September.
- The company faced criticism and backlash for discriminating against single employees and the policy was deemed too invasive.
- Following an intervention by the local government, the company withdrew the policy within a day.
- The policy required employees between the ages of 28 and 58 to get married or face termination by September.
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