Mortgage rates are skyrocketing thanks to the Fed, but buyers who can tough out this difficult, changing market will be rewarded. The 30-year fixed-rate mortgage averaged 5.27% for the week ending May...
Tag: Credit
SmartCredit.io Introduces Credit Lines, Bonus Rewards, and Staking to its P2P Lending & Borrowing Marketplace
Advertisement     Through its decentralized financial lending marketplace, SmartCredit.io dives into the world of credit lines, staking, and bonus rewards. The platfor...
What the Fed’s Interest-Rate Increase Means for Your Mortgage, Loans, Savings
The Federal Reserve raised its short-term benchmark rate by a half-percentage point on Wednesday, the sharpest increase since 2000, to a range between 0.75% and 1%. Though widely expected, the move wi...
‘My aim is to have a net worth of at least $100,000’: I’m 29 and live with my mom in a rented mobile home. I have a $25K emergency fund and $26K in a Roth IRA. What do I save for next?
I am doing OK financially as a single 29-year-old who unfortunately is still roommates with my mom. We split everything down the middle and I mainly stay with her since it is very expensive to live on...
Klarna to report buy now, pay later data to UK credit bureaus
Buy now, pay later giant Klarna says it will start reporting data on customers’ usage of its products to credit bureaus in the U.K., gearing up for incoming regulations aimed at reining in the s...
Fearful Investors Should Buy Credit, Sell Stocks, JPMorgan Says
(Bloomberg) — Investors looking to protect themselves against more market turmoil should think about selling some blue chip companies’ shares and buying the corporations’ bonds instead, accordin...
DeSantis’s Dissolution of Disney District Stumps Credit Raters
(Bloomberg) — Florida Governor Ron DeSantis’s move to punish Walt Disney Co. by dissolving its debt-issuing district has befuddled two of the major credit rating companies that assign high marks...
How Fed’s bigger, faster rate hikes will affect your credit card, mortgage, savings rates
Just six weeks ago, Americans were facing sharply higher borrowing costs as the Federal Reserve launched an aggressive campaign of interest rate hikes to curb soaring inflation. Now the Fed is putting...
Powell wants to get rates closer to neutral. But what’s neutral? Think between 5% and 6%, former top Fed staffer says
With U.S. inflation surging higher than anyone expected, Fed Chairman Jerome Powell, has laid out a policy path where the Fed is going to move quickly to get its benchmark interest rate up to “to a mo...
‘I can’t afford to pay the loan because I’m on a fixed income.’ I’m a 57-year-old widow with $67K in student loan debt. Can you help me get rid of it?
There are some forgiveness and benefit options, including some specific to military spouses that could provide financial compensation. AP Question: I’m a military wife, and my husband died on active d...
Xcoins launches Instant Cashout for credit and debit cards in the EU and UK markets
Leading cryptocurrency platform has announced that all customers residing within the EU and the United Kingdom can now enjoy easy access to their cryptocurrencies as they are able to make use of a new...
‘It is costing more to survive now.’ I owe $109K in student loans, and the balance keeps going up as the loan servicer ‘continuously tacks on more money.’ With high inflation, how can I even cope with my student loans now?
Unfortunately, it is possible for a loan balance to increase, even as you are making payments. iStock Question: I have student loans in excess of $109k. I am on an income-driven plan but my biggest p...
Gas prices are up roughly 40% from just a year ago. So you may want to try this method to get ‘basically free money’ for gas — but there’s a catch
Is a gas credit card right for you? Getty Images Amid high inflation, rising prices of crude oil and the war in Ukraine, gas prices have jumped from an average of about $2.88 per gallon a year ago, to...
Breaking: Bitcoin backed mortgage to allow home purchasing without a credit score
Milo Credit, a Miami-based business, is offering Bitcoin-backed mortgages to allow consumers to buy homes without trading their coins. Selling cryptocurrency for fiat currency is a taxable event in t...
Apple, IBM, and 14 More Companies That Raised Their Stock Dividends
Text size IBM plans to raise its dividend. Migel Medina/AFP via Getty Images Apple, International Business Machines, and Discover Financial Services were among the large U.S. companies that announced ...
Robinhood Has a Crypto Trading Problem. It Might Soon Be Coinbase’s, Too.
Text size Robinhood reported a significant slowdown in trading volumes in the first three months of 2022. Dennizn/Dreamstime Trading platform Robinhood Markets experienced a stark decline in market ac...
‘So bad, it’s good.’ This beleaguered stock market has one big asset on its side, say strategists.
A rough month for stocks is drawing to a close, and many investors likely won’t be sad to see the back of it. And the last day of April trade is looking weak as Apple and Amazon failed to raise the ba...
You can now get a Bitcoin backed mortgage without a credit score
The Miami-based startup, Milo Credit, is offering Bitcoin-backed mortgages to allow people to purchase homes without selling their coins. In the US, like most countries, selling crypto for fiat is a t...
Miami Startup ‘Milo Credit’ Offers Zero-Down Mortages
In a new twist on crypto-based real estate mortgages, clients of Milo Credit, a Miami-based startup, can purchase property with no down payment but must put up cryptocurrency as collateral. Rather tha...
StoneX Increases an Existing Credit Facility to $475 Million
StoneX Group Inc. (Nasdaq: SNEX), which owns major retail FX trading brands like Forex.com and City Index, announced on Wednesday that it has increased the size of an existing senior secured credit fa...
PayPal Trims 2022 Outlook But Beats Revenue Forecast
PayPal lowered its forecast for adjusted profit for 2022 to a range of $3.81 to $3.93 a share. Justin Sullivan/Getty Images Text size PayPal Holdings said its first quarter was a “solid start” but cut...
Credit Suisse Records Losses in Its Q1 2022 Earnings Report
Credit Suisse unveiled through the earnings report that there will be a significant change in its management moving forward. Swiss multinational banking giant Credit Suisse Group AG (SWX: CSGN) has pu...
Warren Buffett and Berkshire Hathaway are once again outperforming the stock market. Apple is one big reason but these other 10 stocks also helped
During the long, tech-driven bull market, you may have seen more than one article suggesting Berkshire Hathaway CEO Warren Buffett’s investing style was no longer valid. With Buffett leading the congl...
‘I’m spending a fortune on home maintenance. I realize my second husband is essentially living in my house for free’: What is a fair way to split costs?
I am a retired 62-year-old woman. I was widowed in 2006 at the age of 46 and raised my two children (now 24 and 27) on my own. I used my husband’s life insurance money (about $500,000) to maintain our...
Opinion: Why I don’t want bitcoin in my 401(k)
Hooray! At long last, the company managing my 401(k) plan will allow me to bet up to 20% of my retirement funds on a digital Ponzi scheme that generates no income and has no practical use. Fidelity In...
Why a good credit score matters and how to improve your number
You are looking to make a purchase, such as a new cellphone or a car, but you need some time to be able to pay the full amount. Or you might be taking out a new credit card, with no single purchase in...
GE Stock Is Overpriced, What Ails Teladoc, and More From Analysts
Text size These reports, excerpted and edited by Barron’s, were issued recently by investment and research firms. The reports are a sampling of analysts’ thinking; they should not be considered the vi...