Mortgage rates rise as Fed fights inflation: Freddie Mac
Rates for the 30-year mortgage increased again after a slight dip the week before following the Federal Reserve's recent announcement that it was raising rates again, according to Freddie Mac.
Fannie Mae's new rent reporting program helps renters build credit
Fannie Mae introduced a new rent reporting program that will allow renters to build credit and could open a path to homeownership.
Inflation causes largest pay cut for Americans in 25 years, data shows
As Americans see their purchasing power get squeezed out by inflation, here's what you can do to stay on track.
Good news: Personal loan interest rates plunge for 5-year fixed-rate loans
The latest trends in interest rates for personal loans from the Credible marketplace, updated weekly.
Credit card borrowers slip back into pre-pandemic habits, TransUnion says — here’s how to pay off your debt
Consumers are paying less toward their credit card balances than they did during the pandemic, according to TransUnion. Here are ways to help you pay down your debt quicker.
Student loan refund checks on their way to millions: Here's what to do if you don't benefit
As Biden’s student loan forgiveness program faces legal battles, refund checks are being sent to borrowers who paid down their loans during the pandemic payment pause.
Fed delivers fourth 75 basis point rate hike, may soon slow pace
A widely anticipated 75 basis point interest rate hike was announced by the Federal Reserve on Wednesday.
Housing market will lead us into a recession, and will lead us out: MBA forecast
While the housing market could bring the economy into a recession next year, it could also bring it out, economists at the Mortgage Bankers Association (MBA) conference said.
Biden’s student loan forgiveness plan temporarily blocked by US appeals court
President Biden's student loan forgiveness has been placed on hold temporarily as Republicans argue against the debt cancellation in court.
Biden administration relaxes rules for student debt forgiveness
Education Secretary Miguel Cardona called it a “monumental step" that will make it faster and simpler to get debt relief.
Home price growth slips in August for fourth consecutive month: CoreLogic
Annual home price growth slowed in August for the fourth consecutive month, but still posted double-digit gains, according to CoreLogic. Here's how to tap into your equity gains.
Social Security increase 2023: What does it mean for retirees?
Social Security recipients will see the largest benefits increase in 40 years in 2023. Here’s what that means for your retirement savings plan.
Good news: Student loan refinance rates edge down for 10-year fixed-rate loans
The latest trends in interest rates for student loan refinancing from the Credible marketplace, updated weekly.
FHFA to eliminate G-fees for some homebuyers
At the Mortgage Bankers Association’s (MBA) conference on Monday, the Federal Housing Finance Agency (FHFA) announced the elimination of added mortgage fees for some borrowers. Here's what that means for you.
Fed says inflation concerns remain, will continue raising rates
The Federal Reserve's September meeting minutes revealed that it's prepared to continue raising interest rates in the coming months but has its eye on the state of the current economy.
Housing market rebalance could mean bargains for buyers: report
The housing market may be tipping in favor of buyers, according to Knock.
Good news: Personal loan interest rates edge down for 3- and 5-year fixed-rate loans
The latest trends in interest rates for personal loans from the Credible marketplace, updated weekly.
Mortgage rates rise to highest level since 2022, driving down housing demand
Mortgage rates and 'lingering inflation, recession fears and housing affordability' are driving down demand for housing, Freddie Mac said.
Social Security Administration to make substantial COLA increase in 2023, but is it enough for retirees?
The Social Security Administration announced a substantial increase for beneficiaries in 2023, marking the highest COLA increase in more than 40 years.
6 ways to spot student loan forgiveness scams
Scams about during difficult financial times. Here’s how to avoid falling prey to student loan forgiveness scams.