New vehicles are becoming more affordable as vehicle loan interest rates decline
Auto loan interest rates fell to 10.47% in March. (iStock) Thanks to lower interest rates on auto loans, drivers are feeling some leniency in new car prices. Cox Automotive/Moody’s Analytics Vehicle Price Index is shown. The average interest rate on new cars in March fell to 10.47%, the lowest level since September. That said, consumers […]
Most baby boomers heading toward retirement have little saved: study
More than half of baby boomers have saved less than $250,000 for their future retirement. (iStock) Baby boomers range in age from 60 to approximately 80 years old and are one of the largest generations in America. Many of this generation have already reached retirement age, but have little retirement savings. Research on the Alliance […]
This week’s personal loan rates drop for 3-year terms, edge up for 5-year terms
Here 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 finances. We promote the products of our financial institution partners in exchange for their services, but all opinions are our own. Weekly updates on the latest trends […]
Hotter inflation keeps mortgage rates higher, but housing inventory building: Fannie Mae
Fannie Mae has said that if inventory builds up and borrowing rates remain high for an extended period, home prices could fall. (iStock) With interest rate cuts further away, there is no end in sight for high borrowing costs. Still, a surge in housing inventory could give buyers more options, Fannie Mae said in a […]
Save $10,000 in a year by following these tips like using a high-yield savings account and creating a budget
Dave Ramsey, founder and CEO of Ramsey Solutions, shares how Americans can financially prepare for retirement on “The Bottom Line.” Saving money all starts with a specific goal. So let’s start with $10,000 per year. Saving money is hard. There is pressure all around us to buy and buy, bills to pay and debts to […]
Gas prices dip as Memorial Day weekend nears: AAA
Drivers took a little break at the pumps this week. (iStock) Drivers took a break this week as fuel prices fell just before the official start of the summer driving season, according to the latest AAA. report. The national average cost of a gallon of gasoline fell to $3.64, down just 3 cents from the […]
Mortgage rates dropped this week, but still sit above 7%: Freddie Mac
Interest rates on 30-year mortgages fell from 7.22% to 7.09%. (iStock) Mortgage rates have been rising steadily in recent weeks, but rates are finally starting to fall. As of May 9, the average 30-year fixed rate mortgage interest rate was 7.09%. Reported by Freddie Mac. This is a significant drop from last week, when interest […]
Gen Z leaning more on credit than Millenials did starting out
Ramsey Show co-host Jade Warshaw discusses credit card debt for Gen Z and offers advice for Americans struggling to live within their means. Young Americans these days are more reliant on credit than previous generations, and experts predict the problem will get worse before it gets better as inflation continues to rise. Gen Z adults […]
Home insurance premiums soar 55% – here’s how you can mitigate rising costs
Homeowners can take steps to reduce rising insurance premiums. (iStock) Homeowner’s insurance premiums have risen 55% over the past four years as losses widen and insurers struggle to recover costs, according to a recent report. In 2023 alone, insurance rates increased by 19%. report Said. Prices are expected to continue rising as the frequency of […]
This week’s personal loan rates drop for 3- and 5-year terms
Here 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 finances. We promote the products of financial institutions we work with in exchange for our services, but all opinions are our own. Weekly updates on the latest […]