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Money

Gas prices rise as drivers hit the road for spring break: AAA

Gas prices rise as drivers hit the road for spring break: AAA

The national average cost for a gallon of gas increased to $3.31 per gallon.

March 1, 2024 7:28pm EST
Many drivers spending over 30 percent of their monthly income on auto loans, car insurance costs also rising

Many drivers spending over 30 percent of their monthly income on auto loans, car insurance costs also rising

With rising insurance costs and auto loan costs, drivers are struggling to keep up with payments.

February 28, 2024 7:28pm EST
46 percent of retirees have no plan if savings run out, nearly quarter of Gen Z doesn’t expect to retire

46 percent of retirees have no plan if savings run out, nearly quarter of Gen Z doesn’t expect to retire

Almost half of retirees worry their money won't outlive them, and some generations worry about ever having enough to retire.

February 27, 2024 7:06pm EST
Students may qualify for a financial aid refund from their college under new Education Department proposal

Students may qualify for a financial aid refund from their college under new Education Department proposal

With FAFSA errors and rising education costs, the return of unused financial aid may be a welcome relief to students.

February 26, 2024 7:26pm EST
Homebuyers considering purchasing tiny homes and fixer-uppers to combat high home prices

Homebuyers considering purchasing tiny homes and fixer-uppers to combat high home prices

Mortgage rates soared and housing remained unaffordable in 2023, causing prospective buyers to turn to tiny homes and fixer-uppers.

February 26, 2024 1:33pm EST
Mortgage rates creep toward 7 percent, straining homebuyer affordability: Freddie Mac

Mortgage rates creep toward 7 percent, straining homebuyer affordability: Freddie Mac

The average 30-year fixed-rate mortgage was 6.9% for the week ending Feb. 22, according to Freddie Mac's latest Primary Mortgage Market Survey.

February 23, 2024 7:27pm EST
Biden cancels $1.2 billion in student loans for borrowers enrolled in SAVE

Biden cancels $1.2 billion in student loans for borrowers enrolled in SAVE

The first batch of student debt cancellations under the SAVE plan is underway as President Joe Biden announced $1.2 billion in student loan forgiveness six months ahead of schedule.

February 22, 2024 7:56pm EST
No relief for seniors as big drop forecasted for Social Security COLA

No relief for seniors as big drop forecasted for Social Security COLA

Early estimates for Social Security benefits and cost of living adjustments are low as inflation slows, but seniors struggle to make ends meet.

February 22, 2024 7:19pm EST
Nearly 40% of Americans say they are behind on monthly bills: survey

Nearly 40% of Americans say they are behind on monthly bills: survey

The survey by LendingTree suggests that many people in the U.S. may still be struggling amid ongoing, high inflation.

February 22, 2024 4:52pm EST
1 in 5 homeowners thinking of selling in the near future: Zillow

1 in 5 homeowners thinking of selling in the near future: Zillow

Certain states are seeing an uptick in listing as more homeowners are considering selling.

February 21, 2024 7:59pm EST
Student loan borrowers facing financial hardship may qualify for Biden’s new round of debt relief

Student loan borrowers facing financial hardship may qualify for Biden’s new round of debt relief

Student loan borrowers dealing with serious financial hardship may qualify for Biden's new round of student loan forgiveness.

February 21, 2024 7:31pm EST
Some student loan borrowers are boycotting payments, but the risk is high: survey

Some student loan borrowers are boycotting payments, but the risk is high: survey

Six in 10 student loan borrowers have missed payments since the student loan payment pause ended in October after a 42-month payment and interest accrual pause, a recent Intelligent.com survey said.

February 20, 2024 7:55pm EST
Mortgage interest rates jumped up this week, along with prices: Freddie Mac

Mortgage interest rates jumped up this week, along with prices: Freddie Mac

Mortgage interest rates for 30-year mortgages rose to 6.77% this week, up from 6.64% last week.

February 16, 2024 6:51pm EST
US Department of Education supports colleges and students amid FAFSA delays

US Department of Education supports colleges and students amid FAFSA delays

The U.S. Department of Education is stepping in to support colleges in sending out financial aid awards sooner to students after an inflation fix to the new FAFSA form delayed the timeline.

February 16, 2024 3:55pm EST
Homebuyers feel good about where mortgage rates are headed: Fannie Mae

Homebuyers feel good about where mortgage rates are headed: Fannie Mae

Fannie Mae survey said that homebuyers feel better about mortgage rates but still don't think now is a good time to buy a home.

February 15, 2024 6:53pm EST
Consumers bought more secondhand items in 2023, but major purchases are back for 2024

Consumers bought more secondhand items in 2023, but major purchases are back for 2024

Consumers were thrifty with their spending in 2023, but major purchases like homes and vehicles are expected to rise in 2024.

February 14, 2024 7:33pm EST
Millennials are desperate to buy a home, most willing to pay a mortgage rate above 7 percent: survey

Millennials are desperate to buy a home, most willing to pay a mortgage rate above 7 percent: survey

Affordability challenges aside, 78% of millennial respondents in a recent Real Estate Witch survey still believe in the dream of homeownership.

February 13, 2024 3:39pm EST
U.S. raises are trending down this year as the job market cools

U.S. raises are trending down this year as the job market cools

Employers are planning to raise wages by 4%, on average this year, higher than 2021, but lower than 2023.

February 12, 2024 5:23pm EST
Homeowners’ monthly mortgage payments dropped to lowest rate in years

Homeowners’ monthly mortgage payments dropped to lowest rate in years

Buyers are more optimistic about homebuying as average monthly mortgage payments drop to their lowest level in years.

February 5, 2024 2:06pm EST
US home prices hit a new record high in November

US home prices hit a new record high in November

US home prices rise again in November as inventory shortage persists

January 31, 2024 6:10pm EST
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