Personal Finance
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Mortgage demand falls — despite a dip in the 30-year rate — as buyers struggle to find homes for sale
The numbers: The rate for a 30-year mortgage dipped for the fourth week in a row, but buyers aren’t seizing the opportunity, as they can’t find many listings on the market. Demand for mortgages fell 4.1% in the latest week as the 30-year fixed-loan rate dropped for the fourth consecutive week. Demand fell for both…
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Oil-production cuts threw ‘another log on the fire’ in Fed’s inflation fight, says BlackRock’s Rick Rieder
Soon after March’s sudden bank failures startled markets, April kicked off with surprise oil-production cuts that left investors worried about potential ripple effects on still high inflation. Rick Rieder, BlackRock’s chief investment officer of global fixed income and head of the firm’s global allocation investment team, said in a phone interview that when he saw…
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My father retired with up to $10 million, He said no to my request to pay for my kids’ education. What can I do?
My husband and I have three wonderful college-aged kids and have always gotten by on our own, despite major life struggles. We have saved $500,000 for retirement, but have only managed to pay off $200,000 of our home. Five years ago, my wealthy father offered to help with our children’s education, which was a pleasant…
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Americans are stressed trying to pay for vehicle costs, here’s how to plan a monthly budget for a car
This article is reprinted by permission from NerdWallet. The average cost of total car ownership in the U.S. rose 16% from 2019 to 2022, according to the U.S. Bureau of Transportation Statistics. A new study from NerdWallet conducted by The Harris Poll finds that this cost is wearing on American vehicle owners. The study — conducted among…
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SE – Your Bullseye Pick of the Week 3-27-2023
Editor’s Note: This was sent to subscribers of Jeff Bishop’s Bullseye Trades on Monday, March 27th, 2023. If you missed “Rocket Trades,” last week, my favorite alert was on COIN puts, which soared over 250% overnight. I love walking into bad news for a stock when I am short. Online registration is still closed for…
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Is your debt making you ill? How you can restructure or rethink loans to help you sleep at night.
Debt has been linked to greater health risks for older adults, but not all debts affect your health, and the exact mechanism that causes health issues isn’t yet known. Still, studies show that some types of debt — specifically unsecured loans like credit-card balances — coincide with health issues, and others, typically mortgages, don’t. Stacey Betts is a good…
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The 2023 Hyundai Ioniq 5: This highly-rated futuristic SUV is at the forefront of a fresh wave of electric vehicles
The Hyundai Ioniq 5 is our highest-rated electric SUV and the recipient of two Best Buy Awards for 2023: Best Electric Vehicle and Best New Model. Pricing starts at $41,450. More and more car buyers are wondering if their next purchase should be an electric vehicle. Not everyone can afford a Tesla TSLA, -1.12%, but…
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Most homeowners outside of high-risk zones don’t buy flood insurance, but that could be an expensive mistake
Between atmospheric rivers in California, Hurricane Ian in Florida, flash floods in Kentucky and monsoons in Las Vegas, floods have caused billions of dollars in damage over the past year alone. You may not think flooding could ever affect your home. However, 90% of natural disasters in the U.S. involve floods, according to the Federal…
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Can you save money on Mark Cuban’s Cost Plus Drugs site? And how does it work with Medicare?
Bill Hearn’s medication to treat his mild chronic obstructive pulmonary disease, or COPD, would cost him $275 per month from CVS Pharmacy through his Medicare Part D prescription drug plan. But the 69-year-old retiree living in Knoxville, Tennessee, gets a generic version delivered from a new online pharmacy, instead. It costs hundreds of dollars less. “I’d read…
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Credit Suisse chairman apologizes at final shareholder meeting in 167-year history
“We wanted to put all our energy and our efforts into turning the situation around and putting the bank back on track. It pains me that we didn’t have the time to do so, and that in that fateful week in March our plans were disrupted. For that I am truly sorry. I apologize that…