Author: Press Room

Mortgage rates marched higher this week, nearing 7% with no relief in sight for the sluggish housing market. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage rose to 6.88% this week from 6.82% last week. The average rate on a 30-year loan was 6.27% a year ago. The average rate on the 15-year fixed mortgage jumped to 6.16% from 6.06% last week. One year ago, the rate on the 15-year fixed note averaged 5.54%.US NEW HOME SALES FALL; MEDIAN PRICE LOWEST IN MORE THAN 2-½ YEARS “Mortgage rates have…

Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. During the week of Apr. 1, 2024, average private student loan rates fell for borrowers with credit scores of 720 or higher who used the Credible marketplace to take out 10-year fixed-rate loans and increased for 5-year variable-rate loans. 10-year fixed rate: 7.37%, down from 9.03% the week before, -1.665-year variable…

The chronic inflation crisis is hindering millions of Americans’ ability to prepare for their financial future, according to a new study published by Allianz Life. Findings from the Allianz Life Insurance Company of North America show that U.S. households are draining their retirement savings, taking on debt and reducing the amount that they are setting aside for the future to maintain their present-day finances.Nearly 7 in 10 respondents said they have not contributed as much to their savings due to higher prices for everyday goods, while 51% of Americans said they are racking up more credit card debt in order…

Several major gauges of fear in the market are reflecting increased alarm from investors. The Cboe Volatility Index , a measure of anticipated market instability that’s known as Wall Street’s “fear gauge,” topped 19 on Monday and closed at its highest level since October. It neared the key level of 20 in late fall of 2023 and at other times during the pandemic when traders were wary of an equity correction. @VX.1 1Y mountain The VIX over the past year At the same time, CNN’s Fear and Greed Index has tipped into “fear” territory this week. The market mood tracker…

[The stream is slated to start at 1:15 p.m. ET. Please refresh the page if you do not see a player above at that time.]Federal Reserve Chair Jerome Powell speaks Wednesday to the Wilson Center’s Washington Forum on the Canadian Economy, in what will likely be his last policy speech before the next central bank meeting.Joining Powell is Bank of Canada Governor Tiff Macklem, and together they are expected to discuss “the economic outlook, monetary policymaking in their respective countries, and the enduring value of the Canada-US economic relationship,” according to a release on the Wilson Center site.The appearance comes…

Microsoft will invest $1.5 billion in Abu Dhabi’s G42, an artificial intelligence group that has faced questions over its ties to China. The companies will collaborate on AI and digital infrastructure, in a move that sees Microsoft’s AI empire expand into the Middle East for the first time. The move could attract sizeable scrutiny from regulators. G42 — led by Peng Xiao, a Chinese businessman and former CEO of Pegasus, a cybersecurity firm — has reportedly faced questions over its links to Beijing. In November, the New York Times reported that US officials were concerned G42 could be used to…

Last updated: April 16, 2024 12:08 EDT | 2 min read As Ethereum’s price surges past $3,000 and BNB shows robust growth indicators, investors are closely watching these developments. Meanwhile, BlockDAG captures attention with its imminent presale, priced attractively at $0.006 in its upcoming Batch 10. This marks a significant milestone following a 500% growth since its inception. These insights offer a glimpse into why BlockDAG stands out as one of the best cryptocurrencies to buy in 2024, promising a blend of innovation and 30000x ROI potential for savvy investors. Ethereum’s Market Position and Recovery EffortsEthereum, a longstanding leader in the…

Anne Lester is the former head of retirement solutions for JP Morgan Asset Management.Lester managed billions of other people’s money but often maxed out her own credit cards in her 20s.She said she had to make more “friction” between herself and spending money to curb her bad habits.  Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app I was 26 with my life crammed into three suitcases. I had just finished an internship in Tokyo and was flying to Italy to move in with my boyfriend. I was in…

The best Samsung Galaxy S24 Ultra cases outfit the phone with versatile designs and dependable protection.To help you preserve your expensive investment, we’ve assembled a list of the top cases from Samsung and trusted third-party brands like Otterbox, Poetic, Zagg, and more. Our top pick among the best Samsung Galaxy S24 Ultra cases is the ultra-durable Otterbox Defender case, with its layered protection and charging port covers. For a budget option, we recommend the Poetic Neon case, a sturdy, affordable cover with a magnetic ring that functions as a kickstand or grip.  When you buy through our links, Business Insider may…

Oops! All investors have their regrets. I share one with many people – Amazon (AMZN). I bought some around the year 2000, but fairly quickly sold it. Another regret is The Home Depot, Inc. (NYSE:HD). Someone told me to buy it in about 2009. It was an interesting enough idea to me that I remember it to this day, but I did nothing. That $25 stock is now $340. Oops! A few weeks ago, I was thinking about a new topic to write on in my area of expertise of housing and consumer finance. Home Depot popped into my head.…