Cash News Getting a mortgage can feel overwhelming, and most borrowers are happy to receive any advice or guidance from their mortgage company. But how can you be sure that your loan officer has the appropriate training and licensure to help you? That’s why the NMLS was created — to help borrowers ensure that they […]
Cash News Today, there are close to 4,000 commercial banks in the U.S. And with online banking, customers have access to more banking products and services than ever before. Of course, when it comes to choosing where to bank, these seemingly endless choices can make the decision pretty tough. There are many factors you could […]
Cash News This month, the Federal Reserve lowered the federal funds rate for the third time in 2024. That means deposit account rates are now on the decline as well. The good news: You can lock in a competitive return on a certificate of deposit (CD) today and preserve your earning power. Read on for […]
Cash News As interest rates begin to fall following the Fed’s recent rate cuts, it’s more important than ever to ensure you’re earning a competitive rate on your savings. One option you may want to consider is a money market account (MMA). These accounts are similar to savings accounts — they offer interest on your […]
Cash News Most of today’s mortgage rates have remained stagnant. According to Zillow, both the 30-year and 15-year fixed interest rates haven’t budged and sit at 6.67% and 5.95%, respectively. Unless there is a severe financial setback, 30-year mortgage rates might be stuck in the 6.5%-to-7% range for a while. Do you have the down […]
Cash News The Federal Reserve cut the federal funds rate three times in late 2024, which means deposit rates are now falling. It’s more important than ever to ensure you’re earning the highest rate possible on your savings, and a high-yield savings account could be the solution. These accounts pay more interest than the typical […]
Cash News If you find out someone left you a little something in their will, chances are you won’t need to pay an inheritance tax on it. There is no federal inheritance tax, and only five states have inheritance taxes. So unless the person who died lived in one of those states, you won’t have […]
Cash News The average 30-year fixed mortgage rate is over 7% for the fourth straight week, according to Freddie Mac. However, after five straight weeks of increases, the 30-year rate is beginning to trend downward. Economists do expect rates to decrease further this year, though gradually. April forecasts from both Fannie Mae and the Mortgage […]
Cash News Digital wallets are a growing payment method, especially among younger generations. According to market research firm eMarketer, roughly half of Americans use a digital wallet to make purchases, but that figure jumps to 80% for Gen Zers and 66% for millennials. But what is a digital wallet, how does it work, and does […]
Cash News The popularity of online banks has exploded since the internet was commercialized in the late 1990s and early 2000s. According to university researchers, online banks have increased their deposits by a factor of 30 since 2001, three times the rate of traditional banks in the same period. Why? Customers are drawn to the […]