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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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).
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.
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.
Check out the mortgage rates for May 10, 2023, which are mixed from yesterday.
Auto insurers plan further rate increases this year – Here's how you can get costs under control
Progressive and Allstate have already signaled that they plan to keep increasing their auto insurance rates this year.
Progressive and Allstate have already signaled that they plan to keep increasing their auto insurance rates this year.
Today's best mortgage deal? 15-year terms are still below 6 percent | May 9, 2023
Check out the mortgage rates for May 9, 2023, which are trending up from yesterday.
Check out the mortgage rates for May 9, 2023, which are trending up from yesterday.
Inflation and interest rate hikes are negatively impacting Americans' financial well-being: survey
Inflation and interest rate hikes have negatively impacted Americans' financial well-being and many have made no progress in saving for retirement or building emergency funds, according to a survey by Morning Consult. Here’s what you need to know.
Inflation and interest rate hikes have negatively impacted Americans' financial well-being and many have made no progress in saving for retirement or building emergency funds, according to a survey by Morning Consult. Here’s what you need to know.
Gas prices drop amid recession fears, pre-summer lull: AAA
Gas prices decreased last week, but rising interest rates have raised concerns of a recession, according to AAA.
Gas prices decreased last week, but rising interest rates have raised concerns of a recession, according to AAA.
Job growth shows resilience in April but also signs of softening
The economy added 253,000 jobs in April, an increase from the previous month but slower than the average gain of 290,000 in the last six months, according to the latest employment report from the Bureau of Labor Statistics (BLS).
The economy added 253,000 jobs in April, an increase from the previous month but slower than the average gain of 290,000 in the last six months, according to the latest employment report from the Bureau of Labor Statistics (BLS).
Today's best mortgage deal? 15-year terms hit lowest rate since mid-April | May 5, 2023
Check out the mortgage rates for May 5, 2023, which are trending down from yesterday.
Check out the mortgage rates for May 5, 2023, which are trending down from yesterday.
Personal loan interest rates edge down for 5-year loans
The latest trends in interest rates for personal loans from the Credible marketplace, updated weekly.
The latest trends in interest rates for personal loans from the Credible marketplace, updated weekly.
Fed doubles down on the fight against inflation, raises rates another 25 basis points
The Federal Reserve announced another 25 basis point interest rate increase bringing the federal funds rate to a targeted range of 5% to 5.25%, the highest level in 15 years.
The Federal Reserve announced another 25 basis point interest rate increase bringing the federal funds rate to a targeted range of 5% to 5.25%, the highest level in 15 years.
Here’s why consumers' credit scores got a boost in March: Report
Consumer credit scores increased from last year to an average of 701, and the percentage of consumers scored in the subprime credit
Consumer credit scores increased from last year to an average of 701, and the percentage of consumers scored in the subprime credit
Today's biggest mortgage rate decrease? 30-year terms plummet | May 3, 2023
Check out the mortgage rates for May 3, 2023, which are trending down from yesterday.
Check out the mortgage rates for May 3, 2023, which are trending down from yesterday.