interest

Student loan repayments and interest are back in January for unforgiven debt.  Here's how to deal with it

Student loan repayments and interest are back in January for unforgiven debt. Here’s how to deal with it

Pierre Dazeley | Getty Images For many federal borrowers, developing repayment strategies is key, given that payments, interest and collections — paused since March 2020 — are expected to resume after Dec. 31. This is true even though nearly 45% of borrowers, or nearly 20 million people, would see their debt fully forgiven under President …

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According to the Redfin report, the rise in mortgage rates of around 7% is the highest since July 2007, shortly before the crash that triggered the Great Recession.

Typical mortgage payment soared $337 in just six weeks as interest rates nearly hit 7%

The average American homeowner saw their monthly mortgage payment increase by 15% or $337, according to a shocking new report from Redfin. The report goes on to say that the mortgage rate hike of around 7% is the highest since July 2007, shortly before the crash that triggered the Great Recession. This causes potential buyers …

Typical mortgage payment soared $337 in just six weeks as interest rates nearly hit 7% Read More »

This current expense destroys too many retirement plans, but it doesn't have to ruin yours

This current expense destroys too many retirement plans, but it doesn’t have to ruin yours

(Kailey Hagen) Retirement changes a lot, but that doesn’t change the fact that we still have bills to pay and those bills can be overwhelming at times. There’s one type of debt in particular that wreaks havoc on people’s finances, and it’s unfortunately common among retirees. But that shouldn’t weigh on you. Making this repayment …

This current expense destroys too many retirement plans, but it doesn’t have to ruin yours Read More »

Erdogan says Turkey will continue to cut interest rates, mocks sterling

Erdogan says Turkey will continue to cut interest rates, mocks sterling

Turkish President Tayyip Erdogan addresses members of his ruling AK Party (AKP) during a meeting at parliament in Ankara, Turkey, May 18, 2022. Murat Cetinmuhurdar/Presidential Press Office/Handout via REUTERS THIS IMAGE A PROVIDED BY A THIRD PARTY. NO RESALE. NO ARCHIVES. COMPULSORY CREDIT Murat Cetinmuhurdar Reuters Turkey will continue to cut interest rates, its President …

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A U.S. housing slump is here that could lead to a 20% drop in house prices and Fed interest rate cuts by 2023, chief economist says

A U.S. housing slump is here that could lead to a 20% drop in house prices and Fed interest rate cuts by 2023, chief economist says

A recession in the US market has already arrived as mortgage rates soar, according to ING chief economist James Knightley. Demand for mortgages has fallen 30% since the start of the year and sales transactions are starting to slow. “A slowdown in the housing market will weaken US growth, but it’s also important to remember …

A U.S. housing slump is here that could lead to a 20% drop in house prices and Fed interest rate cuts by 2023, chief economist says Read More »

A U.S. housing slump is here that could lead to a 20% drop in house prices and Fed interest rate cuts by 2023, chief economist says

A U.S. housing slump is here that could lead to a 20% drop in house prices and Fed interest rate cuts by 2023, chief economist says

A home foreclosure sign.Reuters A recession in the US market has already arrived as mortgage rates soar, according to ING chief economist James Knightley. Demand for mortgages has fallen 30% since the start of the year and sales transactions are starting to slow. “A slowdown in the housing market will weaken US growth, but it’s …

A U.S. housing slump is here that could lead to a 20% drop in house prices and Fed interest rate cuts by 2023, chief economist says Read More »

Fed officials warn of further interest rate hikes to fight inflation

Fed officials warn of further interest rate hikes to fight inflation

Colliers Securities Chief Global Strategist Mark Grant assesses the Federal Reserve’s latest rate hikes and discusses market strategies. A chorus of Federal Reserve officials stress the need for further interest rate hikes in the months ahead as they struggle to rein in the highest inflation in decades, even if it means slowing economic growth and …

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Refinancing your student loans may get you a lower interest rate, but you'll lose access to Biden's forgiveness plan

Refinancing your student loans may get you a lower interest rate, but you’ll lose access to Biden’s forgiveness plan

Insider’s experts choose the best products and services to help you make informed decisions with your money (here’s how). In some cases, we receive a commission from our partners, however, our opinions are our own. Terms apply to offers listed on this page. Only loans held by the federal government are eligible for Biden’s student …

Refinancing your student loans may get you a lower interest rate, but you’ll lose access to Biden’s forgiveness plan Read More »

Good News: Personal Loan Interest Rates Plunge for 3- and 5-Year Loans

Good News: Personal Loan Interest Rates Plunge for 3- and 5-Year Loans

Our goal at Credible Operations, Inc., NMLS Number 1681276, hereafter referred to as “Credible”, is to give you the tools and confidence you need to improve your finances. Although we promote the products of our partner lenders who pay us for our services, all opinions are our own. The latest personal loan interest rate trends …

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How to make more money with your savings now that the banks are raising interest rates

How to make more money with your savings now that the banks are raising interest rates

The Federal Reserve has raised its key rate five times this year, most recently on Wednesday, as part of its ongoing efforts to slow the pace of inflation. The idea is that since the US central bank makes it more expensive to borrow money, the demand for goods and services will fall, causing prices to …

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