Author: Press Room
Recently, U.S. inflation hasn’t been falling as fast as many hoped. On April 12, we’ll see Consumer Price Index data for March. Nowcasts suggest that March’s inflation data may show an improving outlook with estimated inflation running at a little over a 5% annual rate and an estimated month-on-month rise in prices of 0.3%. However, core inflation may be more of a concern running at an estimated 0.45% month-on-month once food and energy are stripped out, that’s because energy costs are expected to have generally fallen in the March report helping bring inflation down in the headline numbers. Housing Costs…
We love to get questions from readers, and I recently got one from a CEF Insider member about commercial real estate, after Bank of America BAC (BAC) recently said the sector could be the next one to tumble. Let’s dive into that, because this fear has been driven by the same kind of overwrought media coverage we saw with regional banks (an issue that’s been addressed, by the way, with no depositors or taxpayers losing money). And that fiasco, you no doubt know, gave us a nice “buy the dip” opportunity on, well, pretty well everything. The media has set…
I’m a top money coach who paid off $300,000 of debt in three years and invested enough for early retirement. A high-yield savings account is the one money move anyone should make in 2023 for easy passive income. What Is A High-Yield Savings Account? If you have a checking account, you might also have a savings account that came with it. The bank likely is paying you less than one percent in interest. A high-yield savings account is easy to open and it pays at least 10 times more than regular savings accounts, with all the same benefits. A high-yield…
The Federal Trade Commission often issues warnings for consumers about scams of all kinds. They are raising the alarm about phony treatments and cures for Alzheimer’s disease and dementia, sending letters to the companies that advertise these fake products. We can understand why people who desperately want a cure for a disease that is currently not curable will look to the internet for promises. Alzheimer’s disease and related dementias create a long, sad, expensive journey for elders and their families. We address these every day at AgingParents.com, working with these families. No one wants to hear from doctors that there…
Over the past couple of weeks, the IRS has been rolling out its list of tax scams for 2023. Now that the IRS annual Dirty Dozen campaign has wrapped, here’s a look at what taxpayers should watch out for this year. Dirty Dozen The “Dirty Dozen” is an annual list of common scams taxpayers may encounter. Many of these schemes peak during tax filing season as people prepare their returns or hire someone to help with their taxes. The schemes put taxpayers and tax professionals at risk of losing money, personal information, data, and more. “Scammers are coming up with…
The storied mansion where former first lady Jacqueline Kennedy stayed following the assassination in 1963 of her husband, President John F. Kennedy, is listed for $26.5 million. She bought the 18th-century residence in the Georgetown neighborhood of Washington, D.C., known as the Baker House, to be her personal home, but decided to relocate a year later as the four-bedroom, four bathroom home attracted too much attention from the public and especially the paparazzi. The Georgetown home, now combined with two other homes, spans 16,300 square feet with 13 bedrooms. Listed on the National Register of Historic Places, the Federal-style mansion…
More homebuyers are on the hunt for housing as mortgage rates and home prices — though still elevated — continue to wane, Redfin recently reported. According to the brokerage’s latest data, mortgage purchase applications slipped for the fourth consecutive week. Additionally, during the week ending March 26, Redfin’s Homebuyer Demand Index reached its highest level since May 2022. The index is a seasonally adjusted measure of requests for tours, home offers or requests to talk to an agency about a home search. LOWER MORTGAGE RATES JUICES HOMEBUYERS San Francisco Redfin agent Ali Mafi said the majority of the calls coming in…
As borrowers await a court decision on the fate of President Joe Biden’s student loan forgiveness, a new survey said that most Americans support the plan. In total, 62% said they support student loan forgiveness and 18% said they opposed the plan, according to a recent Newsweek survey. Along political lines, 80% of Americans who voted for Biden in the 2020 presidential elections supported the plan, while 50% of Americans who voted for Trump favored the plan.The plan would cancel up to $10,000 in federal loans per borrower and up to $20,000 per borrower for those who used Pell Grants in…
U.S. payment giants Visa and Mastercard are slamming the brakes on plans to forge new partnerships with crypto firms after a string of high-profile collapses shook faith in the industry, people familiar with the matter told Reuters. The crypto industry saw a stunning reversal of fortunes in 2022 as bankruptcies of industry majors FTX and BlockFi rattled investors and increased regulatory scrutiny on the sector.Both Visa and Mastercard have decided to push back the launch of certain products and services related to crypto until market conditions and the regulatory environment improve, said the people, who asked not to be named…
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. Borrowers with good credit seeking personal loans during the past seven days prequalified for rates that were lower for 3- and 5-year loans compared to the previous seven days. For borrowers with credit scores of 720 or higher who used the Credible marketplace to select a lender between March 9 and…
