Mortgage rates rise, add to affordability issues
The average rate for a 30-year fixed-rate increased to 6.39%. Higher rates and low housing supply is putting affordability constraints on would-be homebuyers. But there are still ways to find the best rate.
Home price growth continues to slow down: Fannie Mae
Home prices increased by 4.7% year-over-year in Q1 2023. However, that marked a significant slowdown from annual growth in the previous quarter. Still, low home supply and high mortgage rates have raised affordability issues for potential home buyers. Here’s what you need to know.
Today’s mortgage rates continue to climb, pushing over 6 percent | April 20, 2023
With mortgage rates climbing, borrowers should act quickly to lock in their preferred rate ahead of likely future increases.
Today's best mortgage deal? 15-year terms remain today's lowest rates | April 19, 2023
Check out the mortgage rates for April 19, 2023, which are mixed from yesterday.
America's retirement preparedness score drops: Fidelity
The average American has a 78% chance of covering estimated retirement expenses in a down market, according to Fidelity's 2023 Retirement Savings Assessment. Here’s what you need to know.
Today's best mortgage deal? Rates for 15-year terms are lowest | April 18, 2023
Check out the mortgage rates for April 18, 2023, which are trending up from yesterday.
You need to make this much to be 'middle class' in Texas
In one North Texas city, you are middle class even if you make $190,004.
Negative car equity is rising: Here's how you can avoid owing more than your car is worth
The average negative equity value of auto trade-ins was $5,341 in the fourth quarter of 2022, up 29% from the previous year, according to Edmunds.
Seniors to get moderate cost of living bump in Social Security payments next year
The Social Security Administration announced 2025's cost of living adjustment (COLA) to Social Security checks.
Today's mortgage rates rise, but 30-year rates are still below 6 percent | April 17, 2023
Check out the mortgage rates for April 17, 2023, which are trending up from last Friday.
Inflation and rising costs pushes Americans to make risky financial choices: Survey
High inflation and interest rates pushed 35% of Americans to drain cash from emergency savings and 26% have skipped or are considering becoming delinquent on their credit cards, a recent survey from Achieve said.
How to get a hardship loan
If you’re unemployed, a hardship loan can help you stay afloat financially. Learn how these loans work and where to get one.
Today's best mortgage deal? 15-year terms at 5.25 percent | April 14, 2023
Check out the mortgage rates for April 14, 2023, which are mixed from yesterday.
Gas prices pump higher as the cost of oil rises: AAA
Gas prices increased by nine cents to $3.64 per gallon as oil prices rise. And although gas prices have dropped year-over-year, Americans have been facing high inflation in 2023.
Today's 30-year mortgage rates fall below 6 percent | April 13, 2023
Check out the mortgage rates for April 13, 2023, which are mixed from yesterday.
Biden declares COVID-19 emergency over, but homeowners still have time to file for forbearance, FHA says
COVID-19 forbearance expired at the same time as the COVID-19 national emergency was officially declared over. It has now been extended until May 31, 2023, the FHA said.
Today's mortgage rates hold steady, giving borrowers time to decide | April 12, 2023
Check out the mortgage rates for April 12, 2023, which are unchanged from yesterday.
Many Americans plan to use their tax refunds to build savings in 2023, survey says
Americans challenged by inflation and rising costs plan to save less than $5,000 in 2023 and many are relying on tax refunds to make ends meet, a recent TaxAct survey said.
More Americans taking 'side hustles' to make ends meet
In today's expensive world, many Americans are turning to side hustles to make ends meet. From pet-sitting to food delivery, people are taking on extra work to pay for unexpected expenses and to gain disposable income.
Medicare beneficiaries would need more than $300,000 for healthcare costs in retirement: EBRI
Medicare beneficiaries in retirement would need to have saved anywhere from $96,000 to $383,000 to cover most of their healthcare needs, according to EBRI. The organization found that in general, Medicare Advantage enrollees have lower savings targets. But these private industry plans have their pros and cons.