Mortgage rates could shift this summer, so homebuyers should stay attuned to what experts think will happen. Muhammad Aqib/Getty Images For much of the last year, homebuyers have been waiting for a meaningful break on mortgage rates. Instead, they’ve faced a market that seems stuck in place, with mortgage loan borrowing costs remaining high and … Read more
Borrowers need to know which mortgage rate mistakes to protect themselves from this June. dontree_m/Getty Images With a new unemployment report scheduled for release this week, a new inflation reading slated to be released next week and a Federal Reserve meeting on the calendar for June 16 — the first such meeting since April — … Read more
A $1,000 CD account won’t be right for every saver, even in today’s elevated interest rate environment. Getty Images/iStockphoto While it can be tempting to deposit as much money as you possibly can into a high-rate certificate of deposit (CD) account now, the reality is that you likely need to maintain access to your money. … Read more
Reader question: My spouse has little interest in our financial position. As we age, this concerns me. I try to share some basic information (income, spending, account balances, debt, and so on) each month but rarely get a response. I think graphs or charts might be of more interest to her than a bunch of … Read more
Your $40,000 will grow differently based on the account it’s kept in. Richard Drury/Getty Images Whether it took you years to save up a large sum of money, such as $40,000, or whether it was accumulated fairly quickly via an inheritance, bonus or tax refund, the importance of securing it in a safe and profitable … Read more
A mortgage interest rate lock could be advantageous for buyers and owners looking to refinance now. Pla2na/Getty Images Around 99%. That’s the likelihood that the Federal Reserve will continue to keep interest rates on pause when it meets again on June 16 and June 17, according to the CME Group’s FedWatch tool. Now at a … Read more
Short-term CDs and money market accounts should be carefully evaluated by savers now. Getty Images/iStockphoto There are multiple viable ways for savers to accumulate $50,000 in their savings accounts. But in today’s uncertain economic climate, there are few clear ways to protect and grow that money further. Stock market performance has been strong, for example, … Read more
A 2-year CD account offers savers extended protection for their money in addition to a competitive interest rate. Getty Images/iStockphoto Two years can be a long time in any economic climate, but especially so in the unique one millions of Americans find themselves in this June. In June 2024, for example, the Federal Reserve hadn’t … Read more
Savers can safely and effectively grow their $10,000 by opening a long-term CD account now. athima tongloom/Getty Images If you’re looking to earn an elevated return on your money, a certificate of deposit (CD) account could be one of the best options to choose. And if you’re looking to avoid market uncertainty with a guaranteed … Read more
A $70,000 CD account will earn a significant return in just a few months. Olena Malik/Getty Images It can take a long time to save money, especially if you are aiming to secure a five-figure sum. And in the economic climate of the last five years, in which inflation soared and borrowing costs surged alongside … Read more