Private student loan interest rates drop for 10-year loans, rise for 5-year terms
At Credible Operations, Inc. (NMLS No. 1681276, hereafter referred to as “Credible”), our goal is to give you the tools and confidence you need to improve your financial situation. While we promote products from partner financial institutions from whom we receive compensation for our services, all opinions are our own. The latest private student loan […]
Florida’s state-created property insurance company voted to raise homeowners insurance rates by 14%
If approved, the proposed increases would take effect in early 2025. (iStock ) More bad news is on the way for Florida homeowners. Not only are insurance companies leaving the state, but Florida’s state-created Citizens Property Insurance is also We just voted to raise interest rates by 14%. Across the state. The insurance company’s board […]
Many Americans don’t approve of how student loan debt is being handled by Biden
Many borrowers want forgiveness but don’t approve of the way student loans have been handled in recent years. (iStock) Student loan debt has been a hot topic this election season. As the fight over the pros and cons of debt forgiveness rages on, many borrowers have been vocal about their opinions on debt forgiveness. Currently, […]
VA adjusts home loan benefits to help veterans buy a home in a difficult market
Veterans and active duty military members can now use their VA mortgage benefits to pay broker fees. (iStock ) Buying a home is more complicated and expensive than it’s been in years. Interest rates and home prices are high, and inventory is only slowly beginning to increase. To help eligible veterans and active-duty military fight […]
Pump prices jump by five cents as the Fourth of July approaches
Demand is expected to increase as the 4th approaches. (iStock ) Gas prices jumped to $3.50 a gallon last week as the Fourth of July holiday approached, AAA reported. Gasoline Price Weekly ReportThat’s 5 cents higher than the previous week, but 9 cents lower than last month and 6 cents lower than a year ago. […]
Looking to buy a house? These 3 ‘cold’ markets could offer a bargain
“Mansion Global” host Katrina Campins talks about the state of the housing market on “Making Money.” Rising home prices are forcing many would-be home buyers out of the U.S. housing market. Rising mortgage interest rates Prices continue to rise due to limited supply. But a new report from Realtor.com suggests that buyers may feel more […]
Homeowners and renters struggling to afford the high cost of housing: survey
Recent surveys suggest that renters and homeowners alike are feeling the strain of rising housing costs. (iStock) Rising housing costs are forcing renters and homeowners to make tough decisions, according to a recent national survey. investigation. As a result of rising housing costs, 20% of renters and 8% of homeowners say they’ve had to relocate […]
Mortgage rates trickle down, but home prices remain high: Freddie Mac
Mortgage rates didn’t fall much this week, offering no relief to buyers. (iStock) Prospective homebuyers didn’t get much reassurance about mortgage rates this week, with the average rate on a 30-year fixed-rate mortgage barely changing at 6.86% from 6.87%. Freddie Mac is. Last year, interest rates didn’t vary much, averaging 6.71% for a 30-year mortgage […]
GDP slows in the first quarter as inflation concerns linger
GDP grew at an annualized rate of 1.4% in the first quarter of this year. (iStock) U.S. gross domestic product (GDP) grew at an annualized rate of 1.4% in the first quarter of 2024. Bureau of Economic Analysis data (BEA) found. The increase indicates that the economy is strong, but not growing at a significant […]
This week’s personal loan rates fall for 3-year loans, while 5-year terms rise
At Credible Operations, Inc. (NMLS No. 1681276, hereafter referred to as “Credible”), our goal is to give you the tools and confidence you need to improve your financial situation. While we promote products from partner financial institutions from whom we receive compensation for our services, all opinions are our own. We provide weekly updates on […]