Recession expected by end of 2023: Fannie Mae
A recession is likely in 2023, Fannie Mae forecasted. And the Fed may continue to raise interest rates after its June pause, despite projections that inflation will continue to cool.
Record number of Americans expected to travel this 4th of July: AAA
More than 50 million Americans may travel this 4th of July 2023 weekend, AAA reported. But with record travel expected, some times may be better to drive than others.
Supreme Court strikes down Biden's student loan forgiveness plan – what's next?
The U.S. Supreme Court held that the Biden administration needs to have Congress’ backing for the costly student loan forgiveness plan and rejected arguments that the HEROES Act of 2003 gave Biden the authority he claimed.
While today’s mortgage rates rise, shorter terms hold lowest rates | June 30, 2023
Check out the mortgage rates for June 30, 2023, which are trending up from yesterday.
Borrowers may see credit scores change once federal student loan payments resume
Resuming the payments on student loans means that a large percentage of nearly 40 million Americans who have not made payments on their federal student loans in the past three years may see some changes in their credit scores, according to the VantageScore report.
Today's best mortgage deal? 10-year terms at 5.625 percent | June 29, 2023
Check out the mortgage rates for June 29, 2023, which are largely trending down from yesterday.
Caution: boomerang kids could be bad for parents' financial health, survey says
Forty-one percent of parents said they have a so-called boomerang child currently living at home with them, according to a recent survey by asset manager Thrivent.
Mortgage rates continue to rise today, but 10-year terms remain lowest | June 28, 2023
Check out the mortgage rates for June 28, 2023, which are mixed from yesterday.
Here's where homes face the biggest risk for natural disaster
Some areas, including places in Florida, have high-risk exposure to home damage from hurricanes and other natural disasters. But many homes aren’t equipped to withstand these events, according to a survey. Upgrading your home can protect it while saving you money on home insurance.
Today's lowest mortgage rate? 10-year terms at 5.625 percent amid rising rates | June 27, 2023
Check out the mortgage rates for June 27, 2023, which are trending up from yesterday.
Skyrocketing car insurance costs push some drivers to forgo coverage
Drivers paid more for insurance in 2023 than they did the year before and many are considering doing without, according to a recent Policygenius survey.
Today's lowest mortgage rate? 10-year terms at 5.625 percent | June 20, 2023
Check out the mortgage rates for June 20, 2023, which are mixed from Friday.
Used car prices soar as demand for limited inventory grows, report says
Used car prices have softened recently but remain significantly higher than before the COVID-19 pandemic, according to a recent Edmunds report.
Here's why BNPL providers are becoming more selective on who qualifies for zero-interest loans
Signs are emerging that BNPL providers have had to slow down lending and become more selective to turn a profit in the current tighter lending environment, according to a Wall Street Journal report.
Home prices increased 70 percent more than rent costs: study
Home prices have exceeded what Americans pay for rent in most major cities, according to one report. But, there are still places where you can save by purchasing a home. Here’s what you need to know.
Racine Cash App user surprised by $100 withdrawal from account
Most American adults use at least one payment app, according to Pew Research Center. One Racine man thinks it’s a convenient way to send and spend money, but in May, he says his money was unexpectedly withdrawn.
Fewer homes are selling, but they're selling fast: Redfin
Despite low inventory, the homes for sale are selling at a fast pace, according to a report by Redfin. Here’s what you need to know.
Legislative bill seeks to make expanded child tax credit permanent
House Democrats recently introduced the American Family Act of 2023, legislation that seeks to restore the expanded, monthly Child Tax Credit to parents across the U.S.
Today's mortgage rates are mixed, though shorter terms have lower rates | June 15, 2023
Check out the mortgage rates for June 15, 2023, which are mixed from yesterday.
CFPB warns about side effects of using medical credit cards, loans
Alternative debt financing products like medical credit cards and medical installment loans can weaken consumers' financial well-being, the CFPB warned in a recent report.