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Money

News related to money, savings and the economy.

Mortgage applications sink to pre-pandemic levels: Why this might be good news for buyers

Mortgage applications sink to pre-pandemic levels: Why this might be good news for buyers

Applications for mortgage loans have fallen to pre-pandemic lows, according to the MBA weekly index, despite historically low mortgage interest rates.

July 8, 2021 3:01pm PDT
Wells Fargo shutting down personal line of credit product -- here's what to do instead

Wells Fargo shutting down personal line of credit product -- here's what to do instead

Wells Fargo announced to its customers that it is shuttering its personal line of credit product.

July 8, 2021 1:48pm PDT
Treasury rates drop amid Fed talks on economic stimulus – here’s what that means for interest rates

Treasury rates drop amid Fed talks on economic stimulus – here’s what that means for interest rates

After the Fed minutes were released, Treasury yields dropped to the lowest level in months.

July 8, 2021 1:43pm PDT
Mortgage lenders see increased demand for new home purchases, Fannie Mae reports

Mortgage lenders see increased demand for new home purchases, Fannie Mae reports

The demand for mortgage loans for home buying has increased in the past three months, while mortgage refinancing demand has fallen significantly, a report from Fannie Mae found.

July 8, 2021 1:38pm PDT
Fixed rates for private student loans drop, while variable rates rise

Fixed rates for private student loans drop, while variable rates rise

The latest private student loan interest rates from the Credible marketplace, updated weekly.

July 8, 2021 1:32pm PDT
US unemployment claims tick up to 373,000 from a pandemic low

US unemployment claims tick up to 373,000 from a pandemic low

U.S. unemployment claims rose slightly last week by 2,000 to a total of 373,000, even as the economy and the job market appear to be rebounding.

July 8, 2021 6:08am PDT
Most student loan borrowers aren't ready to resume payments, survey finds - here's what you can do

Most student loan borrowers aren't ready to resume payments, survey finds - here's what you can do

Most college graduates aren't prepared for federal student loan payments to resume, according to a recent survey. Here are three ways it can be easier once forbearance ends.

July 7, 2021 8:31am PDT
Today's mortgage refinance rates: 20-year rates drop, while others edge up | July 7, 2021

Today's mortgage refinance rates: 20-year rates drop, while others edge up | July 7, 2021

Check out the mortgage refinancing rates for July 7, 2021, which are mostly up from yesterday.

July 7, 2021 8:13am PDT
Today's 20-year mortgage rates hit near five-month low | July 7, 2021

Today's 20-year mortgage rates hit near five-month low | July 7, 2021

Check out the mortgage rates for July 7, 2021, which are a mixed bag from yesterday.

July 7, 2021 8:06am PDT
Surge of retail crime may force more businesses to reduce hours in San Francisco
video

Surge of retail crime may force more businesses to reduce hours in San Francisco

KTVU's Heather Holmes discusses with Mitchell Marks, Business Professor at San Francisco State University, how the increase of retail crime will impact businesses and consumers in San Fransisco

July 6, 2021 4:35pm PDT
Student loan interest rates sank to record lows between May, June: Is refinancing your private loans worth it?

Student loan interest rates sank to record lows between May, June: Is refinancing your private loans worth it?

It's a good time to refinance student loans, since interest rates fell month-over-month between May and June 2021. See if you can qualify for a lower interest rate to save money on interest and lower your monthly payments.

July 6, 2021 1:47pm PDT
3 easy ways to cut expenses as eviction moratorium, unemployment benefits expire

3 easy ways to cut expenses as eviction moratorium, unemployment benefits expire

With federal COVID-19 protections set to expire soon, you may be looking for an easy way to cut your monthly expenses. Refinancing your loans can save you money every month without having to change your spending habits.

July 6, 2021 1:38pm PDT
Refinance for debt consolidation: pros, cons, and what to know

Refinance for debt consolidation: pros, cons, and what to know

If you have high-interest debt, like credit cards, refinancing for debt consolidation can make it easier to tackle your debt. But there are also risks involved.

July 6, 2021 1:28pm PDT
Housing market shows signs of cooling, which is good news for home buyers

Housing market shows signs of cooling, which is good news for home buyers

With stagnant home prices and lackluster sales, will the housing market cool off? Home supply may still limit buyers, but low interest rates make it a good time to buy.

July 6, 2021 8:36am PDT
Fixed-rate student loan refinancing rates tick up, still hover near yearly lows

Fixed-rate student loan refinancing rates tick up, still hover near yearly lows

The latest trends in interest rates for student loan refinancing from the Credible marketplace, updated weekly.

July 6, 2021 8:29am PDT
Today's mortgage rates: 20-year rates drop, others hold steady | July 6, 2021

Today's mortgage rates: 20-year rates drop, others hold steady | July 6, 2021

Check out the mortgage rates for July 6, 2021, which are mostly unchanged from last Friday.

July 6, 2021 8:17am PDT
Today’s mortgage refinance rates: three key rates drop while 15-year rates hold firm | July 6, 2021

Today’s mortgage refinance rates: three key rates drop while 15-year rates hold firm | July 6, 2021

Check out the mortgage refinancing rates for July 6, 2021, which are down from last Friday.

July 6, 2021 8:03am PDT
San Mateo County property values reach record high for 11th year in a row

San Mateo County property values reach record high for 11th year in a row

Property values in San Mateo County reached a record high of over $265 billion 2020, according to an announcement from San Mateo County Assessor-County Clerk-Recorder Mark Church.

July 3, 2021 11:04am PDT
US labor secretary satisfied with the June job report
video

US labor secretary satisfied with the June job report

KTVU's Lauren Blanchard reports on the unemployment rate and job market in June

July 2, 2021 1:20pm PDT
Applying for FAFSA is about to get a lot easier

Applying for FAFSA is about to get a lot easier

If you're thinking of applying for federal student aid there are some changes to the process to be aware of.

July 2, 2021 12:25pm PDT
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