Adjustable-rate mortgages are making a comeback, which could be a problem for household budgets in a rising market. By Mitchell D. Weiss The financial services industry is on the verge of an awesome hat trick with regard to residential mortgages. For the uninitiated, hat trick is sports-speak for three goals that are scored by the…
(MCT)—Back-to-school shopping has started, and for college students, that means figuring out how to pay for at least one big expense: textbooks.
Last year, most financial experts — really, anyone who kept up with Fed moves — were certain that interest rates would finally begin to rise in 2014. Now, eight months into the year, mortgage rates are still at record lows and — surprisingly — consumers aren’t even taking advantage of them.
This as the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($417,000 or less) increased to 4.35 percent from 4.33 percent. Mortgage rates have barely moved in the past several months.
While most homebuyers are focused on rising home prices, closing costs are rising nearly as quickly over the past three years, increasing by more than 20 percent since 2010, according recent information from Bankrate.com.
Improvement, however, does not mean the level of distressed housing is back to normal; not by a long shot. There continues to be a wide discrepancy between states that require a judge in the foreclosure process and those that do not.
Small- to medium-sized enterprises (SMEs) face myriad challenges, not least the need to leverage a modest budget to achieve tidy profits against the backdrop a intense international competition. It’s certainly not easy to succeed when you’re facing down operations that are two or three times bigger than yours. But let’s be honest. You didn’t get…
By far the largest decision to make when purchasing a vehicle is what type to choose. From the hatchback to the minivan, there are plenty of styles and models available out there so you will have to think carefully about which one you ultimately buy.
WASHINGTON — Average U.S. mortgage rates are near historically low levels. Mortgage company Freddie Mac says that the nationwide average rate for a 30-year loan dipped to 4.12 percent, down from 4.14 last week.
A basic tenet of retirement planning instructs investors to tilt their sails to more conservative shores as their retirement beachhead nears.
(MCT)—Saving for retirement when you’re young is a prudent financial step.
But a new report shows young investors who put those savings into a Roth individual retirement account are making the smartest moves.
Whenever we write about how much it costs to go to college, we hear from a lot of readers.
These are tight financial times, and many mums are finding it more difficult to scrape together the funds they need to get by on a monthly basis. This is driving many to explore payday loans as a means of making ends meet.
Home loans are about to go on the discount rack for first-time buyers willing to spend a few hours learning the ropes of homeownership, from applying for a mortgage to choosing a contractor for a kitchen remodel.
Late spring is the season for high school and college graduations. It is a time of transition for millions of young people and a time of celebration and hope and promise. Yet the lingering effects of the Great Recession, notably the difficult jobs en…
Citing the “crush” of student loan debt and its impact on the future of the economy, President Barack Obama announced plans to expand a program designed to make it easier for borrowers to pay back their student loans.
The start of football season may be months away, but the game’s on the minds of many after the NFL draft. Minicamps are gearing up and team personnel are organizing in preparation for the 2014-15 season.
The regulator of government-controlled mortgage finance firms Fannie Mae and Freddie Mac said on Sunday he would not oppose them having a smaller presence in the market but private capital had to be ready to take over first.
Retirement is the perfect time to relocate for many of us. Not being tied down to a particular location anymore makes relocation a real possibility.
WASHINGTON — The delinquency rate on home mortgages in the United States fell in the first three months of the year to its lowest level in six years, a report from the Mortgage Bankers Association said Thursday.
The five servicers that were part of the National Mortgage Settlement may have fulfilled their consumer relief obligations in March, but the companies are still required to comply with the settlement’s servicing rules.