Mortgage rates dip on positive inflation data: Freddie Mac

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

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.

Family paid $250,000 after cashing in bonds left tattered by Hurricane Katrina

Family paid $250,000 after cashing in bonds left tattered by Hurricane Katrina

A man kept the bonds in a bank vault that was flooded during Katrina. He put the damaged paper in his attic, where they were found by his his family after he died.

A man kept the bonds in a bank vault that was flooded during Katrina. He put the damaged paper in his attic, where they were found by his his family after he died.

Inflation ticks up again in April, puts interest rate hikes back on the table

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).

Norfolk Southern to pay homeowners near Ohio train derailment

Norfolk Southern to pay homeowners near Ohio train derailment

The company set up a fund for residents impacted by the derailment to cover the cost of any decline in their home values.

The company set up a fund for residents impacted by the derailment to cover the cost of any decline in their home values.

Inflation and interest rate hikes are negatively impacting Americans' financial well-being: survey

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.

Joe Biden, GOP must decide what’s on the table in debt limit meeting

Joe Biden, GOP must decide what’s on the table in debt limit meeting

As the deadline for raising the debt ceiling approaches, President Joe Biden and Republicans must come to an agreement on what measures to take to avoid defaulting on the national debt.

As the deadline for raising the debt ceiling approaches, President Joe Biden and Republicans must come to an agreement on what measures to take to avoid defaulting on the national debt.

Gas prices drop amid recession fears, pre-summer lull: AAA

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.

Number of new American business applications hits an all-time high

Number of new American business applications hits an all-time high

According to data from the U.S. Census Bureau, 5.4 million new business applications were filed in 2021, the highest of any year on record. 

According to data from the U.S. Census Bureau, 5.4 million new business applications were filed in 2021, the highest of any year on record. 

TurboTax customers to receive checks in $141 million settlement

TurboTax customers to receive checks in $141 million settlement

The company was ordered to pay $141 million to low-income consumers who were tricked into paying TurboTax to file their federal returns — despite being eligible for free tax services.

The company was ordered to pay $141 million to low-income consumers who were tricked into paying TurboTax to file their federal returns — despite being eligible for free tax services.