Cash News The average 30-year fixed mortgage rate is inching closer and closer to 7%, according to Freddie Mac. This is the third week in a row that the 30-year rate has gone up. Economists do expect rates to gradually decrease this year, though. Fannie Mae’s latest forecast predicts the average 30-year rate will be […]
What will happen after the Fed meeting? #CashNews.co
Cash News See mortgage rates for Wednesday, May 1 Mortgage rates increased this week, and the latest inflation numbers suggest it will be a while before we see rates drop drastically. Late last week, the Bureau of Labor Statistics released the core Personal Consumption Expenditures (PCE) index, which removes the cost of food and energy […]
What is new car replacement insurance, and is it worth it? #CashNews.co
Cash News Driving a shiny new car off the lot is a thrill. Less thrilling is when your new vehicle gets totaled in an accident, leaving you on the hook for the full balance of your car loan and the burden of finding a new ride. New car replacement insurance can help cover your losses […]
Fed decision will keep rates high #CashNews.co
Cash News See mortgage rates for Thursday, May 2, 2024 Mortgage rates increased this week and will probably stay high in response to the Federal Reserve’s announcement at today’s meeting. The Fed decided to keep the federal funds rate the same rather than cut it. This rate doesn’t directly impact mortgage rates, but it does […]
My ex used my credit card without permission — now what? #CashNews.co
Cash News After your relationship ended, you went your separate ways. But when you sit down to review your credit card statement, you see multiple charges at a local mall (specifically, the mall your ex happens to love). Your first thought? Someone stole my credit card. As you start to panic, it dawns on you: […]
Savings interest rates today, May 23, 2024 (up to 5.15% APY) #CashNews.co
Cash News If you’re looking to supercharge your savings, a high-yield savings account could provide a competitive return to help your balance grow faster. However, not all banks offer high rates, which is why it’s important to shop around and find the most competitive savings interest rates available. Read on to learn more about where […]
Lost your wallet? Here’s what to do. #CashNews.co
Cash News Everything is going just fine, and then it hits you: Where is your wallet? You realize it’s nowhere to be found, and panic sets in. Sweat particles form on the back of your neck, and you feel a sense of fear and helplessness at the same time. It can be upsetting to lose […]
Save big on your next vacation with a travel credit card #CashNews.co
Cash News Many Americans are making up for time lost during the pandemic and making travel plans. But according to the Bureau of Transportation Statistics, travel expenses have increased by about 35% since 2020. One way travelers can cut down on vacation costs? A travel credit card. If you have upcoming travel plans and can […]
Should you rent or buy a home? How to decide. #CashNews.co
Cash News Renting a home can be expensive. In recent years, more people than ever have been putting a hefty chunk of their income toward rent and utilities. On the other hand, buying a home can also prove costly and even feel financially out of reach. With both rent and home prices causing sticker shock, […]
How your credit card use affects this important ratio #CashNews.co
Cash News If you want to build a great credit score, don’t overlook your credit utilization. Your credit score gives lenders an idea of how well you can borrow and manage the loans and credit cards on your credit report. Credit utilization, or the amount of available credit you’re currently using, is among the most […]