Borrowers will need to take a strategic approach in today’s elevated mortgage interest rate climate. sakchai vongsasiripat/Getty Images The mortgage interest rate environment is constantly changing, and it’s doing so in noticeable ways. Case in point: Mortgage rates dropped by around a full percentage point in 2025, down from the approximate 7% they started the … Read more
The upcoming student loan changes could impact your finances, so make sure to ask the right questions now. designer491/Getty Images Federal student loan borrowers have spent the last few years adapting to a series of major changes, from the end of pandemic-era payment pauses to the start of new repayment programs and shifting forgiveness rules. … Read more
The federal student loan changes arriving in July could have meaningful consequences for borrowers. Pla2na/Getty Images Federal student loan borrowers have spent the last few years adapting to a constantly changing borrowing and repayment landscape. Between the end of pandemic-era relief, the return of required student loan payments and a series of court challenges affecting … Read more
The student loan decisions you make in the coming weeks could impact your balance for the foreseeable future. Jinda Noipho/Getty Images For most of the past decade, the smartest thing many federal student loan borrowers could do was wait — whether that meant waiting for a payment pause to be extended, waiting for a forgiveness … Read more
Major changes are coming to the student loan landscape starting July 1 that will limit how much Americans can borrow and their repayment options. Those changes are a result of the One Big Beautiful Bill Act, which President Trump signed into law last year. The Education Department has framed the overhaul as a way to … Read more
Following recent interest rate and inflation news, credit card borrowers stuck in debt should start asking themselves a series of difficult questions. MASTER/Getty Images An inflation report for March showing the rate surging to 3.3%, its highest level in years, was not the news millions of American borrowers contending with elevated interest rates were hoping … Read more
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