This is the #1 city for first-time homebuyers, and other hot US housing markets
Toledo, Ohio has emerged as the top metro area for first-time owners. (iStock) The housing market has its ups and downs, and first-time buyers are feeling the effects, too. But homebuyers in tight housing markets have other options, as some cities in the U.S. have stronger markets than others. According to a recent report from […]
This week’s personal loan rates fall for 3- and 5-year loans
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These 5 cities have the largest inflation problem: survey
Inflation is a problem for everyone, but these five cities are being hit the hardest. (iStock) A recent WalletHub study found that inflation and rising prices are the main reasons Americans are struggling to meet their financial goals, with people in these five cities being hit the hardest. investigation. U.S. inflation rose 3.4% in December, […]
Homeowners’ monthly mortgage payments dropped to lowest rate in years
Mortgage payments fell to an average of $2,361 by the end of 2023. (iStock) Good news for homebuyers and homeowners alike. Monthly mortgage payments have dropped to the lowest average interest rates in years. According to a recent Redfin report. The average mortgage payment is $2,361 as of December 31, 2023. This is a decrease […]
Great wealth transfer is underway in US — to women
The host of “Tomi Lahren is Fearless” talks about whether workers treat women fairly and why millennials are delaying marriage on “Making Money.” There are huge undercurrents impacting the world of wealth management in the United States that continue to expand due to changing demographic, cultural, family, and career trends. This is the largest transfer […]
U.S. heads toward slow recovery with 353,000 jobs added in January
The unemployment rate was flat in January, but the number of jobs increased. (iStock) Nonfarm payrolls increased by 353,000 in January, according to the U.S. Bureau of Labor Statistics’ monthly report. Overview of employment situation. The unemployment rate remained unchanged from last month at 3.7%. This is the third consecutive month that the unemployment rate […]
Borrowers meet challenges as student loans resume and servicers struggle to handle new payments
Long wait times and incorrect billing statements are just some of the problems faced by student loan borrowers. (iStock) Student loan borrowers face multiple hurdles as student loan repayments resume, according to the Consumer Financial Protection Bureau. report I will explain. From long customer service wait times to payment plan delays and billing statement errors, […]
Gas prices increase in synch with oil costs and growing demand
One reason gas prices are rising is because more drivers are on the road. (iStock) According to the latest AAA, gas prices rose by a nickel this week due to higher crude oil prices and an increase in motorists as the winter weather thaws. report. According to Energy Information Administration (EIA) data, as oil prices […]
Mortgage rates continue to trend down, but affordability remains a pipe dream: Freddie Mac
Interest rates on 30-year mortgages have fallen again, but housing remains unaffordable in most areas. (iStock) Mortgage rates fell to 6.63% this week, according to Freddie Mac. Primary mortgage market research. The 30-year fixed rate mortgage rate last week was 6.69%, down 0.06 points. The 15-year mortgage rate also fell slightly from 5.96% last week […]
Fed holds steady on interest rates, but outlook on when cuts will come remains cloudy
The Fed said it liked economic data but said it was too early to call for rate cuts. federal reserve system announced a widely anticipated fourth interest rate suspension. At its January meeting on Wednesday, it kept the federal funds rate unchanged at 5.25% to 5.5%, its highest level in 22 years. The central bank […]