Millennials most likely to unlock low mortgage rate to move: Freddie Mac
Millennials are among the generational segments that have locked in on low mortgage rates, but life circumstances are more likely to pressure this group to unlock low rates to move, a recent Freddie Mac report said.
Mortgage rates on the decline while applications rise: Freddie Mac
The average 30-year fixed-rate mortgage was 6.95% for the week ending June 13, according to Freddie Mac's latest Primary Mortgage Market Survey.
Freddie Mac proposes product to help homeowners tap home equity without losing record low mortgage rates
New Freddie Mac product would help homeowners tap their home equity without losing their existing low-rate first mortgages.
Inflation levels remain unchanged in May, brings 2 percent target into focus
Inflation remained relatively unchanged in May, according to the latest inflation report. Here's what that means for interest rates.
50 percent of Americans saving for college don't know about a 529 savings plan: survey
Despite the many advantages 529 savings plans provide, many Americans are not using them as part of the education saving strategy, a recent Edward Jones survey said.
Buy now, pay later products to be treated like credit cards, CFPB says
BNPL lenders must now follow the federal Truth in Lending Act (TILA) and Regulation Z rules that apply to credit cards, the CFPB said.
These US cities have the biggest inflation problems, study finds
High inflation continues to impact the economy, and these cities are feeling it the most.
Soaring insurance rates drive auto insurance shopping rates higher: report
Shopping rates for new auto insurers climbed in January and February 2024, rebounding from a dip in the previous quarter.
Mortgage rates fall but only slightly as home prices continue rising
Home prices may still be up, but mortgage rates dipped down to just below 7% this week.
Borrowers urged to apply for Navient's private student loan forgiveness
The Project on Predatory Student Lending (PPSL) launched a campaign to raise awareness of Navient's discharge program for certain borrowers seeking relief because their school lied to them.
Gas prices dropped by more than they have all year as after-holiday demand dips
Decreasing oil prices and less demand has caused a sizeable drop in gas prices this week.
Social Security recipients will get one less payment in June – here's why
Here's why some Social Security recipients will miss a payment in June.
Social Security has a 'billionaire problem,' advocate warns
Social Security benefits will be cut significantly in 2035 without a fix. Here's what advocates say we can do to prevent that.
Home insurance rates have surged nearly 40% since 2019 – but they're rising fastest in these states
Rising home insurance premiums are the latest squeeze on homeownership.
New construction still popular as most Americans believe it’s a bad time to buy an existing home
New builds increased by 21.2% compared to March of last year, with the South seeing a higher rates of new construction permits.
Biden extends time frame to get credit toward student loan forgiveness
Interest rates are up and student loan forgiveness isn't really finalized yet, making for turbulent loan market as we enter into presidential policies.
This is the staggering amount homeowners spend on costs besides their mortgage
Some 28% of homeowners said they've considered going back to renting.
McDonald's menu hikes: McDouble up 168%, McChicken 200% in 10 years
McDonald's customers are shocked by nearly tripled prices over the past decade, with the McDouble up 168% and the McChicken Sandwich up 199%, driven by higher food, labor, and operational costs.
15 million Americans still harmed by medical debt despite credit agencies' changes
The CFPB said some 15 million Americans are still struggling with more than $49 billion in outstanding medical bills in collections on their credit reports.
A large percentage of first-generation students have been impacted by FAFSA challenges
FAFSA issues have caused minority students to delay attending college and have led to severe stress and anxiety for other prospective students.