This week’s personal loan rates lower for 3-year loans
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Credit card interest rates predicted to fall, but debt remains high
Credit card interest rates may drop in 2024, but many consumers still face increasing credit card balances. (iStock) There are various predictions about credit card interest rates in the coming months. As with most interest rates, if the Fed starts lowering interest rates, credit card interest rates are likely to drop as well. Credit card […]
Q4 GDP revised down slightly – here’s what that means for interest rates
The second forecast for fourth-quarter gross domestic product (GDP) was relatively flat in this week’s second round of statistics. (iStock) of Secondary estimate According to the U.S. Bureau of Economic Analysis (BEA), real gross domestic product (GDP) for the fourth quarter of 2023 has been revised downward slightly, in part because private inventory investment was […]
Many drivers are spending over 30% of their monthly income on auto loans, car insurance costs also rising
Many drivers are stressed out by high car loans and insurance premiums. (iStock) Buying a car is becoming increasingly expensive, with one in 10 drivers spending more than 30% of their monthly salary on a car loan. MarketWatch survey results revealed. The survey asked 1,000 drivers how their monthly car payment affected their finances and […]
Home prices hit new high in December but show signs of cooling: Case-Shiller
Home prices across the country hit a new record in December. (iStock) Home prices hit record highs in December, despite high borrowing costs and housing remaining out of reach for many Americans, according to the latest S&P CoreLogic Case-Shiller Index did report. House prices are currently 5.5% higher than this time last year. The 10-city […]
46% of retirees have no plan if retirement savings run out, nearly quarter of Gen Z doesn’t expect to retire
According to research from Clever, approximately 19% of retirees have already outlived their retirement savings. (iStock) Many retirees struggle to make ends meet after retirement. Approximately 66% of current retirees say the United States is facing a retirement crisis. wise research reported. This crisis is primarily due to a lack of funds for retirement. Nearly […]
Some student loan forgiveness programs are set to end this year – here’s what to do if this affects you
While the failed FAFSA rollout continues, the student loan program is nearing its end. (iStock) The Biden administration is implementing a variety of student loan programs to help borrowers deal with large amounts of debt. Many of these programs end by the end of the year. of “Increase” transition period The project, which began last […]
Students may qualify for a financial aid refund from their college under new Education Department proposal
Under the proposal, universities would be required to reimburse students for unused scholarships. (iStock) Many students enroll in college meal plans using federal funding. Traditionally, unused money in these plans is returned to the university.However, new Ministry of Education proposal They would instead require universities to pay that money to students. Student meal plans typically […]
Homebuyers considering purchasing tiny homes and fixer-uppers to combat high home prices
Housing affordability remains low and some potential buyers are turning to alternative housing options. (iStock) As housing costs rise, homebuyers are redefining the traditional path to homeownership. About 43% of prospective buyers considered alternative housing options such as fixer-uppers and tiny houses. Remax study reported. 56% of prospective buyers surveyed by Remax said they would […]
Drivers want embedded insurance options when they buy a car: survey
Insurance premiums are now an important consideration for most drivers, especially young drivers. (iStock) According to a recent survey, the majority of drivers say that unifying the insurance process and car purchase would make car ownership less cumbersome. The annual cost of ownership is up more than 13% from last year, with the average consumer […]