The 2027 Cost-of-Living Adjustment (COLA) for Social Security is 3.6%. Here’s how it stacks up against the best current high-yield savings rates.
Starting in January, Social Security beneficiaries will see their payments increase by 3.6%. This will add about $75 to the average retiree’s monthly benefit, bringing it just over $2,033. It’s a reflection of the inflation that has impacted consumers over the past year. This adjustment is the largest since the 8.7% increase in 2022, following […]
Housing expenses might stabilize in five years if interest rates decrease, according to Redfin.
Shifting Housing Costs and the American Dream Financial influencer Taylor Price joined ‘Varney & Co.’ to discuss how adjusting one’s mindset can play a role in helping Americans achieve wealth and the American Dream. For those grappling with soaring housing prices, there may be a potential stabilization on the horizon. However, a recent report emphasizes […]
Housing affordability is worse than in the 1980s even with lower mortgage rates.
Mortgages, Home Prices, and the American Dream Whenever the conversation turns to current mortgage rates, you can be sure someone will chime in with a familiar refrain: “You think 7.5% is high? I was paying 14% back in the 1980s!” While they’re correct about the sheer interest rate, they’re missing a larger issue. GEN Z […]
Flock cameras claim to improve crime solving rates while ACLU highlights privacy issues
Flock Safety Cameras and Crime Rates: A Controversial Discussion Flock Safety, the company behind the much-discussed Flock cameras, claims that crime clearance rates in cities utilizing these cameras are significantly higher compared to those that don’t. This assertion comes amidst an ongoing debate about the implications of such surveillance tools across the country. Phil Arnold, […]
How a Recent Change in Mortgage Rules Might Increase Interest Rates and Lead to Higher Costs for Homebuyers
Potential Mortgage Changes Could Cost Homebuyers More Homebuyers might think they’re saving a bit of money at the outset, but they could end up paying over $20,000 more throughout their mortgage. This doesn’t really align with the goal of making homeownership more accessible, especially as President Trump emphasizes affordability in housing. Buried in the home […]
New deadline for student loan borrowers seeking lower interest rates
Student loan borrowers now have until December 2026 to set up auto pay and benefit from a 1% reduction in their interest rates. The initial deadline was September 30, but the U.S. Department of Education decided to extend this to allow borrowers more time for enrollment. This rate reduction will remain in effect until June […]
Mortgage rates reach 7.28% — the highest point in almost 3 years
US Mortgage Rates Reach Three-Year High This week, the average long-term mortgage rate in the United States surged to its highest point in nearly three years. According to mortgage buyer Freddie Mac, the benchmark 30-year fixed-rate mortgage climbed to 7.28%, an increase from 7.03% just a week ago. This marks the most significant jump we’ve […]
Mortgage rates increase to 7.28%
Mortgage Rates Hit New Highs According to Freddie Mac, mortgage rates have risen to their highest level since November 2023. The latest Primary Mortgage Market Survey released by Freddie Mac on Thursday shows that the average rate for a 30-year fixed mortgage increased to 7.28%, a notable jump from the previous week’s 7.03%. To put […]
September sees record-high price reductions as mortgage rates rise
Challenges in the U.S. Housing Market Ryan Payne has sounded the alarm about the U.S. housing market, suggesting it’s facing a significant challenge due to a shortage of as many as 5 million homes. Meanwhile, Ed Brady, the Home Builders Institute President and CEO, emphasizes an urgent need to attract more individuals to skilled trades. […]
Gold prices in India: Rates for September 30
Gold Prices Steady in India Gold prices in India remained largely unchanged on Wednesday, based on data from FXStreet. The price of gold was reported at 12,905.95 Indian Rupees (INR) per gram, which is quite consistent with the 12,904.41 INR it was priced at on Tuesday. Similarly, the price for gold remained steady at INR […]