BlackRock CEO Larry Fink warned in his annual chairman’s letter that wealth inequality could worsen if more people don’t participate in financial markets to reap…
Mortgage rates spiked this week as the conflict in Iran continues to weigh on markets, mortgage buyer Freddie Mac said Thursday. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed the average rate on…
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 6.44%, up from 6.27% 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 U.S. Postal Service is reportedly planning to impose a fuel surcharge on package deliveries for the first time in the agency’s history amid surging fuel costs. The Wall Street Journal reported that the Post Service is planning an 8% surcharge beginning in April and that the agency plans to phase…
Image: Getty Images; Illustration: Bankrate A big drop in HELOC rates in the latest week. The $30,000 home equity line dropped 13 basis points to 7.04%, its lowest level since 2022, according to Bankrate’s national survey of lenders. In contrast, the five-year $30,000 home equity loan was unchanged, holding at…
Key takeaways A reverse mortgage allows homeowners who are (typically) 62 and older to tap their home’s equity for tax-free payments. The loan comes due when you no longer live in the home, either because you move or pass away. To qualify, you must own or have nearly paid off…
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When people begin searching for help with credit card debt, they often come across a wide range of options labeled “debt relief.” Debt settlement companies, consolidation loans, balance transfers, auto title loans, credit repair services,…
