There aren’t enough homes for sale. Existing homeowners have self-imposed golden handcuffs in the form of 3% mortgage rates, and they aren’t in a hurry…
Image: Getty Images; Illustration: Bankrate A split decision for home equity rates this week. In its fifth straight week of gains, the $30,000 home equity line of credit jumped two basis points to 7.41%, close…
Image by PM Images/Getty Images; Illustration by Hunter Newton/Bankrate Mortgage rates moved up once again this week, with the 30-year fixed rate averaging 6.60%, up from 6.46% last week, according to Bankrate’s latest lender survey. Current mortgage rates Loan type Current 4 weeks ago One year ago 52-week average 52-week…
The federal government is projected to run a budget deficit of at least $2 trillion this fiscal year, according to an estimate by the Treasury Department and bond market participants. Earlier this month, the Treasury released its quarterly refunding documents for the second quarter of the calendar year, which included…
Key takeaways A home equity line of credit (HELOC) is a variable-rate form of financing that lets you cash in on the equity you have in your home. HELOCs are a revolving line of credit, similar to a credit card — you can borrow what you need, repay it, then…
Despite triumphant headlines from Wall Street, one prominent economic forecaster is sounding the alarm that the U.S. economy is sitting on a razor’s edge. In a recent interview with TheStreet, Moody’s Analytics chief economist Mark Zandi placed the probability of a U.S. recession within the next year at 40%, compared…
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Social Security beneficiaries are expected to see a larger cost-of-living adjustment (COLA) next year amid rising inflation, according to new reports. An analysis by The Senior Citizens League (TSCL) predicts that the 2027 COLA will…
