Home buyers struggle in 2023, but homeownership rate could rise in 2024
Housing inventory was low in 2023, but homeownership stayed steady at 66%. The rate could see an increase in 2024.
Top Federal Reserve official says inflation fight seems nearly won, with rate cuts coming
A top Federal Reserve official said Tuesday that he is increasingly confident that inflation will continue falling this year back to the Fed's 2% target level, after two years of accelerating price spikes that hurt millions of American households.
IRS waiving $1 billion in penalty taxes, will kick off 2024 tax season on Jan. 29
The 2024 tax season gets officially underway at the end of January and some taxpayers could see tax penalties waived, the IRS said.
Gen X advised to ‘stop spending’ due to largest retirement savings wealth gap of any generation
Economist argues less spending equals a 'milder’ recession.
Gas prices dip lower, an early present for travelers this holiday season: AAA
The national average for a gallon of gas resumed its gradual decline amid falling oil prices. If oil prices stay low, drivers can anticipate a continued drop in pump prices, AAA said.
Homebuying demand dries up even as mortgage rates drop: Freddie Mac
The average 30-year fixed-rate mortgage was 7.03% for the week ending Dec. 7, according to Freddie Mac's latest Primary Mortgage Market Survey.
Record share of home sellers drop prices in October as mortgage rates squeeze buyers' budgets: Redfin
Nearly 7% of for-sale homes posted a price drop during the four weeks ending October 29, on average, the highest portion on record, Redfin says.
Americans need extra $11K to afford same standard of living in 2021, Republican analysis finds
A new analysis has revealed how much more money Americans need now to meet the cost of living standards seen in 2021– prior to a rise in inflation.
Gas prices’ downward trend continues – for now: AAA
Nationwide gas prices continue to fall. Lower gas demand has been a main contributor in limiting pump price increases amid rising oil prices, according to AAA.
IRS delays $600 payment reporting rule for Venmo, Cash App and other payment apps
The IRS announced on Tuesday that it will delay implementing its $600 tax reporting requirement that was to take effect for the 2023 tax filing season.
Child care costs are highest in these cities, data reveals
Child care costs in the United States have risen over 30% since 2019, new data by Bank of America shows.
Student loan scammers arise as repayment begins
As student loan repayment begins after a federal pause, scammers are preying on borrowers seeking debt relief. But there are free and legitimate ways to lower your monthly payments or get student loan relief. Here's how.
US retirement system earns just a C+ in global study
US retirement system grade on par with Kazakhstan and Colombia
Student loan repayment: Nearly half of Americans with college debt to cut essential spending
With student loan payments underway after the federal pause ended, many Americans are cutting back on essentials to make ends meet, MassMutual found. But Biden’s student loan relief initiatives aim to help borrowers now.
Gas prices unseasonably high despite a drop in demand: AAA
Nationwide gas prices dipped on average by only three cents to $3.83 for the week ending Sept. 28, according to AAA.
Here's how much it costs to raise a child in your state
Data shows the average annual cost to raise a child rose nearly 20% between 2016 and 2021.
Map: Here's the minimum annual income required to be middle class in each state
Inflation has surged in the past few years, peaking at 9% in June 2022. That means some families who were middle class in 2020 may no longer be in that category.
What is today’s lowest mortgage rate? 15-year terms remain lowest | September 13, 2023
Check out the mortgage rates for September 13, 2023, which are mixed from yesterday.
Here's how to lower your monthly student loan payments
There are many ways to lower student loan payments or get forgiveness. These include the Saving on A Valuable Education (SAVE) plan, income-driven repayment (IDR) plans, public service loan forgiveness (PSLF) and more.
What's today’s lowest mortgage rate? Look at today's shorter terms | September 11, 2023
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