Biden is turning the American dream of retirement into a nightmare
Economist Steve Moore said President Biden “really failed” in promising to let the Trump tax cuts lapse on “The Bottom Line.” If you are one of the millions of Americans Struggling to save for retirement Today, we need to prepare for more hardship if President Biden has his way: He is proposing higher taxes on […]
What is a high-yield savings account? How to open your own account today
Goldman appeals to the masses Want to see your money grow? A high-yield savings account can help your money grow with very little effort. High-yield savings accounts offer higher interest rates than traditional savings accounts. As soon as you deposit money into a high-yield savings account, you’ll see how much extra cash you can earn […]
Home prices not budging, hit new high in March: Case-Shiller
Homebuyers waiting for housing prices to move may have to wait even longer. (iStock) Home prices continued to rise in March, hitting a new high, even as homebuyers held off on home purchases, according to the latest S&P CoreLogic Case-Shiller National Home Price Index. report. House prices are currently 6.5% higher than last year, in […]
Biden extends time frame to get credit toward student loan forgiveness
Borrowers have until the end of June to consolidate their debts. (iStock) The Biden administration is trying to fix administrative issues that prevented student loan borrowers from qualifying for forgiveness. Announcement of extension of integration deadline For borrowers taking out a specific loan. Student loan borrowers have been dealing with errors that have resulted in […]
New construction still popular as most Americans believe it’s a bad time to buy an existing home
New construction is expected to grow 4.7% this year. (iStock) As existing home prices and interest rates remain high, new home construction is becoming more popular again. Construction on more than 1 million new detached homes began in March. U.S. Census Bureau and National Association of Home Builders (NAHB)report. The number of new homes built […]
Credit card spending the leading reason why 78% of Americans have debt regret: survey
Credit card debt is always at the back of some Americans’ minds, according to a recent survey. (iStock) A majority of Americans are feeling financial regret, according to a recent survey, as personal debt rises to an all-time high. According to Debt.com, about 78% of people said they have financial regrets, with 21% saying their […]
Listing a home? Here’s how you can maximize your sale
Timing is everything when it comes to highlighting your home’s unique features. (iStock) Today’s tough housing market conditions can make it hard to find a buyer, and it takes some strategic thinking to get the most out of your home sale, according to a recent Opendoor report. study. Mortgage rates are hovering above 7% and […]
Electric vehicles among all top winners in AAA car buying guide
The electric vehicle market is growing, with EVs taking the top spot in AAA’s buying guide. (iStock) The all-electric Mercedes-Benz EQS 580 4MATIC SUV has been named 2023’s Car of the Year. AAA AwardAll of this year’s winning vehicles are non-gasoline vehicles – electric cars, plug-in electric cars or hybrids. AAA releases the list each […]
Credit card usage is up as inflation continues to rise
65% of Americans are increasing their credit card usage due to rising costs. (iStock) Inflation has been rising steadily in recent years. Consumer Price Index The headline inflation measure, the dollar inflation rate, rose again in March, increasing 0.4% across all categories. The rise in inflation has prompted consumers to turn to credit cards more […]
Mortgage rates fall below 7%, but affordability remains a dream for many: Freddie Mac
The 30-year mortgage rate fell to 6.94%. (iStock) Mortgage rates dipped below 7% again this week, with the average for a 30-year fixed-rate mortgage being 6.94%. Freddie Mac isThe average interest rate on a 30-year mortgage last week was 7.02%. Fixed rates on 15-year mortgages also fell, averaging 6.24 percent. That’s only a slight decrease […]