FHA raises loan limits for manufactured housing for the first time in 15 years
The loan limit changes are part of the Biden administration’s push to create access to more affordable housing. (iStock) The Federal Housing Administration (FHA) increased the loan limits for the Title I manufactured home loan program in an effort to enable the supply of affordable housing. The FHA said the increases better reflect today’s market […]
Financial coach warns Americans’ credit score drop points to ‘uncertain economic times’
FOX Business real estate contributor Katrina Campins joins “Making Money” to discuss Gen Z’s priorities as the American dream of homeownership fades. FICO recently reported that Americans’ national average credit scores have fallen for the first time in more than a decade, and one expert says this reflects a change in America’s attitude toward personal […]
Credit scores decreased for first time in a decade as borrowers miss payments
Currently, the average credit score nationwide is 717. (iStock) For the first time in a decade, the average credit score has dropped slightly to 717. According to data released by FICO. The average score in 2023 was 718. This decline is likely due to high interest rates and inflation causing consumers to miss payments and […]
Car insurance costs to keep rising in 2024 – pay less in these US states
When it comes to car insurance, drivers in 2024 will face many more of the same issues they faced last year. (iStock) Recent research shows that drivers expect much of the same for car insurance this year, as premiums continue to rise and shopping options remain limited as insurance companies exit certain markets. It is […]
Swipe fees cost consumers an estimated $578 million on Valentine’s Day: Study
Swipe fees average 2.24% and are often passed on to consumers. (iStock) If a consumer used a credit card to purchase a gift on Valentine’s Day, they likely paid a high price. Swipe fees (fees charged by credit card issuers and issuing banks to retailers for processing debit and credit card transactions) will cost consumers […]
Kevin O’Leary ‘forbids’ couples to merge their finances, warns lacking financial identity could spell disaster
Kevin O’Leary, Chairman of O’Leary Ventures, talks about what’s happened in the wake of COVID-19, concerns about recession, and the importance of maintaining your financial identity. ‘Shark Tank’ star and investor Kevin O’Leary says he ‘forbids’ couples to combine financially, saying that a lack of one’s own financial identity can lead to problems if one’s […]
These 10 states have gotten the most student loan forgiveness under Biden’s SAVE Plan
Florida, Texas, and California saw the most forbearance under the SAVE plan. (iStock) The U.S. Department of Education just Published list by state Percentage of borrowers who received forgiveness under President Biden’s Savings for Valuable Education (SAVE) plan. The announcement breaks down the amount of forgiveness each state received and the number of borrowers enrolled […]
This week’s personal loan rates edge up for 3- and 5-year loans
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Gen Z movers are heading to warmer climates, willing to pay higher housing costs: Zillow
Some Gen Zers are taking advantage of low housing prices in states like Florida and Texas. (iStock) Gen Z migration habits show preference for warmer states, even if moving there means paying higher rent, Zillow report showed that. The three states with the largest influx of Gen Z in 2022 were Texas, California, and Florida. […]
$1.765B Powerball ticket from October finally claimed
Raising Canes CEO AJ Kumaran explains why he bought 50,000 lottery tickets for every employee when the Mega Millions jackpot reached $810 million Golden State has the golden ticket. The California Lottery has announced that a person has come forward claiming a huge $1.765 billion jackpot win in October, the second-largest jackpot prize in history. […]