Mortgage rates dip lower on positive inflation news, hold at near 7%: Freddie Mac
The average 30-year fixed-rate mortgage was 7.02% for the week ending May 16, according to Freddie Mac's latest Primary Mortgage Market Survey.
April inflation eases slightly, but 2% target still out of reach
Consumer prices rose 3.4% in April, a slight softening from the 3.5% growth last month and in line with market expectations, according to the Consumer Price Index (CPI) released by the Bureau of Labor Statistics (BLS).
$3 million may be paid to private student loan borrowers ignored by servicer – Here's who is impacted
A student loan servicer may be on the hook for ignoring borrowers' requests for payment reduction on loans held by the National Collegiate Student Loan Trusts following a CFPB enforcement action.
Hotter inflation keeps mortgage rates higher, but housing inventory building: Fannie Mae
Fannie Mae is still forecasting that mortgage rates will drop to 6.6% later this year, but borrowing costs won't decrease meaningfully until the Fed dials back interest rates.
Gas prices dip as Memorial Day weekend nears: AAA
The national average cost for a gallon of gas declined to $3.64, a slight three-cent decrease from the previous week.
Home insurance premiums soar 55% – here's how you can mitigate rising costs
Home insurance rates have soared 55% in the last four years and costs will likely keep climbing.
Social Security fund gains extra year of solvency – benefits will begin to be reduced in 2035
Social Security trust funds will not run out of money until 2035, at which point Seniors can expect their benefits to be reduced by 17% unless Congress takes steps to shore up the program.
Most borrowers delay major life events because of student loan debt: survey
Student loan debt has pushed a majority of Americans to delay major life events, a Gallup survey said.
Mortgage rates push higher with no relief in sight: Freddie Mac
The average 30-year fixed-rate mortgage was 7.22% for the week ending May 2, according to Freddie Mac's latest Primary Mortgage Market Survey.