The rules for achieving a decent credit score haven’t changed much since credit scoring was invented: Pay all your bills on time, don’t use too much of your available credit and build a long history of responsible behavior.
But credit novices and those looking to rebuild after missteps...Read more
This year’s plunge in mortgage rates is giving Americans an incentive to upgrade to pricier houses.
Take loan officer Clint Gerke’s client in Salem, Oregon. The single mother is just fine with her current home. But she’s selling anyway so she can look for something better. Her motivation?Read more
Mortgage rates continue to decline while lowering borrowing costs for home buyers this spring.
“Mortgage rates fell for the fourth consecutive week and continued the medium-term trend of lower rates since late 2018,” says Sam Khater, Freddie Mac’s chief economist. “The drop in mortgage rates is causing purchase demand to rise, and the mix of demand is skewing to the higher end as more affluent consumers are typically more responsive to declines in rates.”
Read more...
If you read a lot of financial articles online, you've probably grown tired of hearing that you need to save more money for retirement. While this is important advice, most of us are keenly aware we need to save between 10% and 15% of our income to be financially secure as a senior. The problem: Where do you come up with all that money?
If you're already struggling to save Read more...