Economic turbulence ‘effectively assured’ Fed will cut interest rates in September
The Dow Jones Industrial Average fell more than 1,000 points on Monday and has been sluggish ever since. (iStock ) Surprising employment data released last week, combined with a volatile Japanese market, led to a major sell-off on Monday’s trading day, sending both the Dow Jones Industrial Average and the S&P 500 to their worst […]
This week’s personal loan rates fall for 3-year terms, rise for 5-year terms
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 financial situation. While we promote products from partner financial institutions from whom we receive compensation for our services, all opinions are our own. We provide weekly updates on […]
More Americans leaving San Francisco, New York due to affordability concerns
See what’s clicking on FoxBusiness.com Population exodus from major cities in Democratic-run states continues. The report, compiled by Bank of America analysts and based on anonymized internal client data, found that more Americans are leaving predominantly Democratic cities such as San Francisco and New York. Many cities in the Northeast and West saw “significant population […]
Despite tough times for Tesla, EV sales set new record in second quarter
EV sales increased by more than 11% in the second quarter. (iStock ) The electric vehicle (EV) market is booming around the world, despite tough times for EV giant Tesla, with research firm reporting that U.S. electric vehicle sales rose 11.3% in the second quarter of 2024. Report from Kelley Blue BookQuarterly sales reached a […]
Mortgage rates drop to new low as Fed grows closer to slashing interest rates: Freddie Mac
Mortgage rates fell again this week to their lowest levels since February, according to Freddie Mac. (iStock) Mortgage rates fell again this week to their lowest since February on expectations that the Federal Reserve will cut rates by 25 basis points in September, according to Freddie Mac. According to Freddie Mac’s latest report, the average […]
Mortgage payments soar for prospective homeowners in swing states
Since 2020, mortgage payments have increased by 92% in battleground states. (iStock ) Rising home prices are hitting hard in battleground states where either candidate could win, and home affordability is a particular focus in the next election, where 9 in 10 adults say home prices are important when deciding who to vote for. Found […]
Higher rates to linger, Fed may make cuts in September
Market expectations are for two interest rate cuts by the end of the year. (iStock) The Federal Reserve announced on Wednesday that it plans to keep the federal funds rate in a range of 5.25% to 5.5%, where it has been since last July. Fed Chairman Jerome Powell told reporters: The central bank is increasingly […]
These 10 cars are the cheapest to insure
To save money on insurance, buy a car that costs less to repair. (iStock) A recent report suggests that budget-conscious consumers can spend less on car insurance depending on the type of car they own. Insurance rates have skyrocketed in recent years as inflation has driven up the cost of auto repairs and drivers have […]
Private student loan interest rates fall for 5- and 10-year terms
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 financial situation. While we promote products from partner financial institutions from whom we receive compensation for our services, all opinions are our own. The latest private student loan […]
Parents rely heavily on borrowing to pay for college costs: survey
Federal and private loans are the best way to fill any savings gaps you may have to pay for college. (iStock) A recent survey found that most families plan to take on some debt to pay for college, even as they save for this momentous event. About 42% of families said they plan to rely […]