Latest news with #Kofi
Yahoo
20-04-2025
- Entertainment
- Yahoo
The New Day Make History At WWE WrestleMania 41
Image Credit: WWE The New Day may not be everyone's favorites right now, but they've made history once again at WrestleMania 41. In a match against The War Raiders for the WWE World Tag Team Championships, the group once again captured the titles, breaking their own historic record. In the match, the group would utilize some underhanded tactics to win. After hitting a big stomp on the Raiders, Woods went for the pin, while Kofi — who had slid out of the ring — held down Ivar's legs. Unable to kick out, the referee counted to three, and The New Day were champions again. The group quickly took the belts and immediately ran out of the ring and up the ramp. A stunned War Raiders could only watch as The New Day celebrated their historic win at the top of the ramp. Advertisement With the win, The New Day are now 12-time tag team champions in WWE, breaking their own previous record of 11. Throughout their legendary run as a tag team, the group has held countless titles. This includes four separate reigns as WWE RAW Tag Team Champions, and seven reigns as WWE SmackDown Tag Team Champions. The group also have the third-longest reign of tag team championships in WWE's history, at 483 days. What did you think of the finish of the match? Are you happy The New Day are WWE World Tag Team Champions again? Let us know in the comments below. READ MORE: WWE WrestleMania 41 Night One Results: Review, Grades, Card For April 19 The post The New Day Make History At WWE WrestleMania 41 appeared first on Wrestlezone.
Yahoo
25-03-2025
- Business
- Yahoo
I have a 7.25% fixed mortgage and was offered a 6.2% 5/1 ARM. But I'm worried about the US economy — what do I do?
Kofi has a 7.25% fixed-rate mortgage but was recently offered a 'teaser' 6.2% 5/1 adjustable rate mortgage (ARM). He's 30 years old and living in what he considers his starter home. His career is going well, he makes an above-average income and he expects to get regular bumps in his paycheck as he climbs the corporate ladder. Still, he's concerned about how the policies of the current administration might affect the economy. And he's uncertain whether it makes sense to take on an ARM amid all this uncertainty. I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 5 of the easiest ways you can catch up (and fast) Nervous about the stock market in 2025? Find out how you can access this $1B private real estate fund (with as little as $10) Americans with upside-down car loans owe more money than ever before — and drivers can't keep up. Here are 3 ways to cut your monthly costs ASAP The lower rate of an ARM may be appealing, but there are several factors he'll want to consider before switching. Here's what you need to know. An adjustable rate mortgage, or ARM, is a mortgage that starts out with a fixed rate (usually below the rate for a fixed-rate mortgage) and then the rate resets at a specified period. For example, a 5/1 ARM has a fixed rate for five years and then the rate resets each year after that. The fixed interest rate term is commonly set at three, five, seven or 10 years. The reset interest rate is equal to an interest rate based on an index plus a margin. For example, if the index is 4.25% and the margin is set as 1% above the index, the new rate will be 5.25%. If the index is 6% at the next reset date, the interest rate on the mortgage will be 7%. Some indexes used to determine ARMs include the prime rate, Constant Maturity Treasuries (CMT), Cost of Funds Index (COFI), the 12-Month Treasury Average (MTA) and the Standard Overnight Financing Rate (SOFR). Most ARMs include caps on how much the interest rate can change at any reset and how high it can be set over the term of the loan. ARMs are generally suited to people who plan to move or pay off their mortgage before the end of the fixed period. They're also suited to those who believe interest rates will go down, but are willing to take some risk that they won't — or who expect their income will increase enough to accommodate the potentially higher payments that may occur later. Data shows only about 8% of Americans have ARMs; and they tend to be more popular with younger, higher-income households with big mortgages. Read more: Gold just hit a historic high of $3,000/ounce on Trump's tariff moves — while US stocks got slaughtered. Here's 1 simple way to prevent more pain within minutes In Kofi's case, an ARM might make sense. At the lower 'teaser' rate he will almost certainly reduce his mortgage payments. He's in a starter home, so he's likely to move before the fixed term is up. If he doesn't move, his above-average income should help him accommodate potentially higher payments in the future. That being said, he's not fully comfortable with a potentially large bump in future mortgage payments and uncertainty around the economic outlook concerns him. It's difficult to predict the trajectory of U.S. rates as the effects of the current administration's policies are unclear. This uncertainty in itself could result in lower business and consumer confidence, which could slow spending and the economy. Ongoing cuts to government spending have the potential to slow GDP growth, and some have argued that mass deportations could deliver a serious blow to the economy. At the same time, the effects of tariffs are less straightforward. They have the potential to be inflationary, particularly if they're implemented in stages rather than all at once. But if they slow the economy, they could potentially cool inflation. Some economists are worried the current policies could create stagflation, which is when the economy experiences a slowdown and inflation simultaneously. This would make the direction of interest rates more unpredictable. The Fed might raise rates to quell inflation or it might lower them to stimulate growth. While Kofi is well suited to an ARM, he may choose to avoid it as the floating rate takes hold. He could find he is impacted two ways by stagflation: First, rates could go up dramatically, and second, his employment or pay may be impacted if there's a recession. ARMs can help borrowers lower their mortgage payments over the short term — but borrowers need to be confident they can weather any financial uncertainty. Want an extra $1,300,000 when you retire? Dave Ramsey says this 7-step plan 'works every single time' to kill debt, get rich in America — and that 'anyone' can do it Rich, young Americans are ditching the stormy stock market — here are the alternative assets they're banking on instead Protect your retirement savings with these 5 essential money moves — most of which you can complete in just minutes This article provides information only and should not be construed as advice. It is provided without warranty of any kind.
