There has been a recent surge in interest surrounding interest rates, and for good reason. After years of being overlooked, interest rates have made a powerful comeback. If interest rates were compared to an actor, they would be akin to Brendan Fraser – well-liked but not everyone’s favorite. In fact, most people do not appreciate …
As interest rates have risen, homebuyers have faced higher borrowing costs. In response, more home purchasers are choosing to buy mortgage points to mitigate the impact of increased monthly payments. Mortgage points allow buyers to pay an upfront fee in order to lower the interest rate on their loans. In some cases, sellers may assist …
If you frequently utilize “Buy Now, Pay Later” services to make purchases and own an iPhone or Apple device, you should be aware that Apple Pay Later is now available. Apple recently launched its installment payment program, initially inviting select users via email, but plans to make it accessible to all consumers with Apple Wallet …
When it comes to managing money, debt, budgeting, and investing, getting started can be a daunting task. Financial success looks different for everyone, and it’s important to understand what it means to you. For some, it may be leaving a substantial inheritance for their children and grandchildren, while for others, it may mean being able …
Human psychology and money don’t mix well. According to behavioral experts speaking at CNBC’s Financial Advisor Summit, our psyches can easily undermine financial decision-making. Brad Klontz, managing principal of YMW Advisors and a founder of the Financial Psychology Institute, stated, “We’re all crazy when it comes to money.” He added, “The miracle is that anyone …
Ethan Miller | Getty Images News | Getty Images Mortgage rates are expected to stay high despite the recent pause by the Federal Reserve on interest rate hikes. While this may benefit fixed-income funds in California, it poses a setback for affordable housing in the state, according to Fiona Ma, the California state treasurer, who …
You may have been hearing a lot about the national debt ceiling and the potential consequences if it isn’t raised by June 5th. Experts are warning that failing to raise the debt ceiling could result in a deep recession, both for the U.S. and other countries around the world. It could even lead to a …
Margaret Roesch, 67, and her wife, Pat McAulay, 68, embarked on a mission to create a warm and supportive community for LGBTQ+ seniors and allies as they embraced their golden years. The result? The Village Hearth, a groundbreaking cohousing development in Durham, North Carolina, catered specifically to LGBTQ+ individuals and their allies. Established in 2020, …
View Press | Corbis News | Getty Images The current state of rent prices in the United States has rendered them unaffordable for many low-wage earners. A full-time worker in the U.S. must earn an average of $28.58 per hour to afford the rent of a modest two-bedroom apartment in their local area. In high-cost …
After more than a year of consistently increasing rates, the Federal Reserve decided to maintain its target federal funds rate on Wednesday. However, this offers little relief for households who continue to face high borrowing costs. Economist Tomas Philipson predicts that rates will not decrease and, in fact, borrowing costs are likely to climb even …