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Basic Allowance for Housing (BAH) is calculated based on several factors, primarily the location of the military member's duty station, their pay grade, and whether they have dependents. BAH rates are determined annually by the Department of Defense and are intended to cover a portion of the housing costs for military personnel.
The Federal Employees Pay Comparability Act of 1990 or FEPCA ( H.R. 5241, Pub. L. 101–509) is a United States federal law relating to the salaries for employees of the United States Government. In the 1980s, salaries for civil servants in the executive branch had fallen behind private sector pay.
In December 2007, the President's Pay Agent reported that an average locality pay adjustment of 36.89% would be required to reach the target set by FEPCA (to close the computed pay gap between federal and non-federal pay to a disparity of 5%). By comparison, in calendar year 2007, the average locality pay adjustment actually authorized was 16.88%.
New data from Freddie Mac reports a rise in 30-year and 15-year fixed mortgage rates for a fourth consecutive week, with daily movement calmer as of Friday, April 26, 2024, leading up to next week ...
Mortgage rates appear to be dropping on popular 30-year terms as of Wednesday, March 13, 2024. The current average rate for a 30-year mortgage is 6.90% for purchase and 6.84% for refinance, down ...
An overall downward trend is expected, but as of today, Tuesday, March 5, 2024, here's where the numbers stand. 30-year fixed rates are 7.25%. 15-year fixed rates are 6.70%. 5/1 adjustable rate ...
For 2023, the Pentagon announced the basic allowance for housing rate will increase an average of 12.1%. From day one, Pentagon Press Secretary Brigadier General Pat Ryder has been crystal-clear ...
The new month brings with it a continued easing down of mortgage rates for 15- and 30-year terms as of Monday, April 1, 2024. The current average interest rate for a 30-year mortgage is 6.88% ...