Homebuyers and owners looking to refinance have been left with a series of questions following this week’s Fed rate pause. Maks_Lab/Getty Images The Federal funds rate will remain on hold. That was the major news that came out of the central bank’s meeting this week after it elected to keep the rate frozen at a … Read more
Mortgage interest rates have noticeably declined from where they were at the end of March. Userba011d64_201/Getty Images It may not have been a huge decline, but for many borrowers it represented an important milestone nonetheless: Average mortgage interest rates in recent days have again fallen under 6%. Now at an average of 5.99% for a … Read more
More than 7 million student loan borrowers enrolled in a Biden-era repayment plan will begin receiving notices on Friday with instructions to seek a new repayment plan, the Education Department said. Borrowers enrolled in the SAVE plan, struck down by a federal court earlier this month, have been in forbearance since July 2024 as a … Read more
More than 7 million student loan borrowers who have been enrolled in a Biden-era repayment plan will receive notices beginning Friday with instructions to seek a new plan to repay their debt, the Education Department said. Borrowers enrolled in the SAVE plan, which was struck down by a federal court earlier this month, have been … Read more
A wage garnishment order can cause big issues for your finances, but knowing what can and can’t occur during the process may help. Getty Images/iStockphoto For the average person, their paycheck is the foundation on which everything else is built — their rent or mortgage payment, groceries, debt payments and retirement contributions. What many don’t … Read more
HELOC borrowing costs have dropped considerably over the past two years, according to a new report. ImagePixel/Getty Images Around $11 trillion. That’s how much home equity is considered tappable by homeowners right now, according to a report released earlier this month by the Intercontinental Exchange (ICE). With nearly $17 trillion in total equity currently, this … Read more
It can take work to find the best debt relief company for your needs, but doing so could also pay off. Getty Images/iStockphoto Credit card balances recently grew by $44 billion in the final quarter of 2025 and the interest rate environment has made carrying that debt significantly more painful. Borrowers who are carrying high-rate credit … Read more
The Fed’s upcoming rate decision may not have as much of an impact on your credit cards as you’d think. jittawit.21/Getty Images Credit card debt has continued to climb in the past year, and cardholders now owe a collective $1.28 trillion on their credit cards, the highest level on record. But that’s hardly the only … Read more
Not every debt consolidation loan is created equal, especially in today’s economic and rate landscape. Getty Images/iStockphoto Carrying credit card debt from month to month has never been cheap, but the past few years have made it considerably more expensive for the average borrower. After all, credit card interest rates climbed to historic highs and … Read more