Shopping for cheaper insurance hits a new high as Americans seek relief from rising rates: J.D. Power
The rate at which drivers were given new auto insurance quotes increased by 13.1% in the first quarter of 2023 – the highest rate since June 2021. And the switch rate increased by 4.1%, according to J.D. Power report.
Today's best mortgage deal? 15-year terms stay below 6 percent | May 23, 2023
Check out the mortgage rates for May 23, 2023, which are mixed from yesterday.
America's debt hits new record of more than $17 trillion: NY Fed
Consumer debt reached a record of $17.05 trillion in Q1 2023. Many Americans still deal with high inflation and are seeking help from their financial institutions, reports say.
Today's mortgage rates are rising, but 15-year terms remain below 6 percent | May 22, 2023
Check out the mortgage rates for May 22, 2023, which are trending up from Friday.
Today's best mortgage deal? 15-year terms remain lowest available rate | May 19, 2023
Check out the mortgage rates for May 19, 2023, which are mixed from yesterday.
Mortgage rates rise amid interest rate environment uncertainty: Freddie Mac
The average rate for a 30-year fixed-rate mortgage rose to 6.39% for the week ending May 18, 2023, according to Freddie Mac’s latest data. Still, some experts have said they believe mortgage rates may come down if the Fed loosens up monetary policy.
Today's best mortgage deal? 15-year terms have the lowest rates | May 18, 2023
Check out the mortgage rates for May 18, 2023, which are mixed from yesterday.
Demand for used cars likely to grow as consumer seek affordability: Edmunds
Demand for more affordable cars is growing as high-interest rates and more expensive purchase prices are putting buying a new vehicle out of reach for many consumers, according to a recent Edmunds report.
Many Americans eye buy now, pay later to gain more financial flexibility: Survey
Nearly half of Americans (46%) said they would also consider BNPL an alternative financing method to credit cards or cash, according to a recent survey.
Today's mortgage rates rise, but 15-year terms hold firm as lowest rate | May 17, 2023
Check out the mortgage rates for May 17, 2023, which are mixed from yesterday.
Today's mortgage rates rise, but 10- and 15-year terms stay below 6 percent | May 16, 2023
Check out the mortgage rates for May 16, 2023, which are mixed from yesterday.
Fed's May interest rate hike could harm regional bank lending, mortgages, expert warns
The Federal Reserve's latest interest rate increase has been harmful to the balance sheets of small regional banks and has impacted their ability to lend, according to the National Association of Realtors.
Biden administration approves $42B in student loan forgiveness under updated PSLF program
The Department of Education has approved $42 billion in student loan forgiveness through recent changes to the PSLF program, designed to provide debt relief to borrowers in the non-profit, public service and governmental fields.
Today's mortgage rates begin to rise, but 15-year terms are still low | May 15, 2023
Check out the mortgage rates for May 15, 2023, which are trending up from Friday.
Mortgage rates dip on positive inflation data: Freddie Mac
The average rate for a 30-year fixed-rate mortgage dropped to 6.35% for the week ending May 11, according to Freddie Mac's Primary Mortgage Market Survey.
Gas prices decrease amid market uncertainty: AAA
Average gas prices dipped to $3.53 per gallon for the week ending May 11, 2023, AAA reported. The low cost of oil has kept gas prices on the decline despite a rise in gas demand, AAA said.
Today's best mortgage deal? 15-year terms at lowest rate since last week | May 12, 2023
Check out mortgage rates for May 12, 2023, which are trending down from yesterday.
Inflation ticks up again in April, puts interest rate hikes back on the table
The Consumer Price Index (CPI), a measure of inflation, rose 4.9% year-over-year in April, a slowdown from the 5% increase in March, according to the Bureau of Labor Statistics (BLS).
Today's mortgage rates fall, keeping 15-year terms as the day's lowest | May 11, 2023
Check out the mortgage rates for May 11, 2023, which are trending down from yesterday.
Today's best mortgage deal? 15-year terms maintain highest savings | May 10, 2023
Check out the mortgage rates for May 10, 2023, which are mixed from yesterday.