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Personal Finance

Mortgage rates push higher with no relief in sight: Freddie Mac

Mortgage rates push higher with no relief in sight: Freddie Mac

The average 30-year fixed-rate mortgage was 7.22% for the week ending May 2, according to Freddie Mac's latest Primary Mortgage Market Survey.

May 6, 2024 6:30pm EDT
Your Social Security COLA increase could be bigger than expected next year

Your Social Security COLA increase could be bigger than expected next year

Social Security recipients are on track to receive a cost-of-living adjustment (COLA) next year that is bigger than previously expected after inflation accelerated for the third month in a row.

April 16, 2024 10:55pm EDT
Many student loan borrowers missing opportunity to find debt relief in SAVE plan: survey

Many student loan borrowers missing opportunity to find debt relief in SAVE plan: survey

Roughly 3 in 4 borrowers who make $75,000 or less annually and would benefit from the SAVE plan are not currently enrolled in the plan, a recent Student Debt Crisis Center (SDCC) survey said.

April 16, 2024 6:36pm EDT
Credit card delinquency rates hit worst level since 2012 in new Fed data

Credit card delinquency rates hit worst level since 2012 in new Fed data

All stages of credit card delinquency — 30, 60 and 90 days past due — rose during the fourth quarter of 2023 to the highest level since 2012, when the Fed began tracking the data.

April 15, 2024 9:03am EDT
How does your savings account compare to the average American?

How does your savings account compare to the average American?

The amount of money in your savings may vary depending on your income, lifestyle, monthly costs and other life factors.

April 11, 2024 4:42pm EDT
Some student loan borrowers are getting refunds on top of loan forgiveness, here’s who qualifies

Some student loan borrowers are getting refunds on top of loan forgiveness, here’s who qualifies

Borrowers enrolled in forgiveness programs that have paid for longer than necessary qualify for refunds.

March 26, 2024 7:20pm EDT
Home listings are rising, but buyers aren’t buying due to high interest rates

Home listings are rising, but buyers aren’t buying due to high interest rates

Homeowners are eager to sell, despite make less in profits than they did in 2022.

March 26, 2024 2:38pm EDT
Consumers spend more than $1 trillion on interest payments, largely due to increasing credit card debt

Consumers spend more than $1 trillion on interest payments, largely due to increasing credit card debt

Consumers paid over $1 trillion in interest payments, most of which when toward high-interest credit card debt.

March 26, 2024 2:28pm EDT
Gas prices rise as spring season approaches: AAA

Gas prices rise as spring season approaches: AAA

Although demand is down, gas prices are still rising due to an increase in oil prices.

March 25, 2024 3:17pm EDT
Credit card balances surge past trillion dollar mark as Americans struggle to build savings

Credit card balances surge past trillion dollar mark as Americans struggle to build savings

Credit card balances surged in the fourth quarter, but new card originations slowed as banks tightened lending standards, according to a recent TransUnion report.

March 7, 2024 8:16pm EST
Mortgage rates ease slightly as spring homebuying season nears: Freddie Mac

Mortgage rates ease slightly as spring homebuying season nears: Freddie Mac

The average 30-year fixed-rate mortgage was 6.88% for the week ending March 7, according to Freddie Mac's latest Primary Mortgage Market Survey.

March 7, 2024 8:02pm EST
Americans in this state are the biggest tax procrastinators: survey

Americans in this state are the biggest tax procrastinators: survey

Wyoming topped the list as the state with the biggest procrastination problem for the second year running, according to the IPX 1031 survey.

March 6, 2024 5:38pm EST
Mortgage rates continue their upward climb, prospective buying activity down

Mortgage rates continue their upward climb, prospective buying activity down

As interest rates and homeowners insurance rate rise, prospective buyers aren't buying as often.

March 1, 2024 7:36pm EST
Gas prices rise as drivers hit the road for spring break: AAA

Gas prices rise as drivers hit the road for spring break: AAA

The national average cost for a gallon of gas increased to $3.31 per gallon.

March 1, 2024 7:28pm EST
Many drivers spending over 30 percent of their monthly income on auto loans, car insurance costs also rising

Many drivers spending over 30 percent of their monthly income on auto loans, car insurance costs also rising

With rising insurance costs and auto loan costs, drivers are struggling to keep up with payments.

February 28, 2024 7:28pm EST
46 percent of retirees have no plan if savings run out, nearly quarter of Gen Z doesn’t expect to retire

46 percent of retirees have no plan if savings run out, nearly quarter of Gen Z doesn’t expect to retire

Almost half of retirees worry their money won't outlive them, and some generations worry about ever having enough to retire.

February 27, 2024 7:06pm EST
Students may qualify for a financial aid refund from their college under new Education Department proposal

Students may qualify for a financial aid refund from their college under new Education Department proposal

With FAFSA errors and rising education costs, the return of unused financial aid may be a welcome relief to students.

February 26, 2024 7:26pm EST
Homebuyers considering purchasing tiny homes and fixer-uppers to combat high home prices

Homebuyers considering purchasing tiny homes and fixer-uppers to combat high home prices

Mortgage rates soared and housing remained unaffordable in 2023, causing prospective buyers to turn to tiny homes and fixer-uppers.

February 26, 2024 1:33pm EST
Mortgage rates creep toward 7 percent, straining homebuyer affordability: Freddie Mac

Mortgage rates creep toward 7 percent, straining homebuyer affordability: Freddie Mac

The average 30-year fixed-rate mortgage was 6.9% for the week ending Feb. 22, according to Freddie Mac's latest Primary Mortgage Market Survey.

February 23, 2024 7:27pm EST
Biden cancels $1.2 billion in student loans for borrowers enrolled in SAVE

Biden cancels $1.2 billion in student loans for borrowers enrolled in SAVE

The first batch of student debt cancellations under the SAVE plan is underway as President Joe Biden announced $1.2 billion in student loan forgiveness six months ahead of schedule.

February 22, 2024 7:56pm EST
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