U.S. job growth surges past expectations in September
Job growth was significantly higher than economists expected in September. But this strength in the economy could cause the Fed to continue raising rates at its next Federal Open Markets Committee (FOMC) meeting in November.
Today’s mortgage rates hold steady for 15-year terms, while 30-year terms fall
Mortgage rates fluctuate almost daily based on economic conditions. Here are today’s mortgage rates and what you need to know about getting the best rate.
Mortgage rates keep climbing, dampening homebuyer demand: Freddie Mac
The average 30-year fixed-rate mortgage increased to 7.149% for the week ending Oct. 5, according to Freddie Mac's latest Primary Mortgage Market Survey.
Student loan repayment: Nearly half of Americans with college debt to cut essential spending
With student loan payments underway after the federal pause ended, many Americans are cutting back on essentials to make ends meet, MassMutual found. But Biden’s student loan relief initiatives aim to help borrowers now.
Personal loan interest rates trend back up for both terms
The latest trends in interest rates for personal loans from the Credible marketplace, updated weekly.
Average credit card balances rise to more than $6,000
Credit card originations increased and balances have risen. But there are ways to pay off your high interest debt.
This week's private student loan rates mixed — one key rate drops
The latest private student loan interest rates from the Credible marketplace, updated weekly.
Biden administration gears up for second attempt to cancel federal student loans
The Department of Education is planning to hold meetings in two weeks to discuss how to provide debt relief to federal student loan borrowers.
Biden Administration moves to strike medical debt off consumer credit reports
President Joe Biden's administration launched plans to develop new rules to stop medical debt from impacting patients' credit reports.
Student debt repayments hindering retirement savings, survey says
Many Americans said that repaying standing loans will hinder their ability to save for retirement, a recent survey said.
Consumers grow unhappy with credit card perks as they spend at record levels: report
Consumers are growing unhappy with credit card perks designed to build loyalty as debt soars to new highs, a recent J.D.Power report stated.
Car insurance cost rises 17%: Here are some factors that can help lower your bill
Insurance premiums have increased by 17% over the past 12 months, but drivers can use some cost-reducing strategies to lower those premiums, according to a recent Experian report.
Home sales increase to highest level since start of year: Redfin
Home sales increased to its highest point since the start of the year, Redfin reported. But housing demand remains at pre-pandemic levels. Still, homebuyers can find the best mortgage rates in a competitive environment.
This week's personal loan interest rates see spike for 5-year loans
The latest trends in interest rates for personal loans from the Credible marketplace, updated weekly.
Fear over Social Security's future pushes Americans to claim benefits early: survey
Most Americans understand Social Security, but concern over its future is pushing many to claim retirement benefits early, a recent Schroders survey said.
Gas prices unseasonably high despite a drop in demand: AAA
Nationwide gas prices dipped on average by only three cents to $3.83 for the week ending Sept. 28, according to AAA.
Extreme weather impacting how buyers shop for homes: Zillow
Most shoppers consider at least one climate risk in the homebuying process, a recent Zillow survey said.
Mortgage rates hit 23-year high: Freddie Mac
Mortgage rates hit their highest point in more than two decades. But as high home prices and rates weigh down on homebuyers, many sellers are willing to negotiate.
Final second quarter GDP estimate remained unchanged at 2.1%
A downtrend in consumer spending slowed economic growth in the second quarter compared to the previous one, but the economy is holding steady, according to the Bureau of Economic Analysis (BEA).
Good news: Personal loan interest rates drop for 3- and 5-year loans
The latest trends in interest rates for personal loans from the Credible marketplace, updated weekly.