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MesquitaFMS/GettyImages; Illustration by Hunter Newton/Bankrate Key takeaways Unlike banks, credit unions often limit membership to those belonging to the same community, workplace or organization, though there are credit unions with unrestricted membership. Credit unions tend to charge lower fees compared to banks, but you should still compare fees and account…

Mortgage rates inched lower this week, mortgage buyer Freddie Mac said Thursday. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage slipped to 6.09% from last week’s reading of 6.11%. The average rate on a 30-year loan was 6.87% a year…

Billionaire investor and hedge fund manager Bill Ackman is making a big gamble on the future of Mark Zuckerberg and his Meta platforms. Ackman has allegedly committed an estimated $2 billion to Meta, representing a sizable 10% of Pershing Square’s total portfolio, The Wall Street Journal reported. The move is…

The tax implications of a parent living with you depend on several factors, including financial support, income levels and household arrangements. In some cases, you may be able to claim a parent as a dependent, which can affect credits, deductions and filing status. Shared housing can also influence eligibility for…