Mortgage rates to stay high in 2023: Freddie Mac

High mortgage rates and home prices are creating a weak housing market. Here’s how to lower your rate and monthly payments.

Credit card balances hit record high amid inflation: TransUnion

Inflation and an uncertain economy influenced record-high credit card balances in the third quarter of 2022, according to TransUnion. Here’s how you can pay off your high-interest debt.

What is the first-time homebuyer tax credit and how does it work?

The new version of the first-time homebuyer tax credit hasn’t passed Congress yet, but there are some tax credits homeowners can take advantage of today.

Millions of borrowers mistakenly told they were approved for student loan relief

Millions of borrowers received erroneous emails notifying them they were approved for Biden’s student loan forgiveness plan. Here’s what to do if you don’t qualify.

Job growth spikes in November, interest rates expected to continue rising

The economy added more than 260,000 jobs in November and wages increased, but economic uncertainty is still a concern for many Americans. Here’s how to manage your finances today.

Recession is expected in Q1 2023: Bank of America

Bank of America economists expect a recession to emerge in the beginning of 2023. Here’s how to keep your finances on track.

Fannie Mae, Freddie Mac to back mortgages over $1M

The FHFA announced higher mortgage loan limits surpassing $1 million, giving borrowers access to larger loan amounts without taking out a jumbo mortgage.

Supreme court to hear arguments on Biden's student loan forgiveness plan next year

The Supreme Court will rule over the legality of Biden's student loan forgiveness plan, but private loan borrowers won't qualify if it gets approved. Here's what to do if you can't get student loan relief.

Fed minutes indicate interest rate increases may slow soon

The Federal Reserve said that reaching its target inflation rate of 2% is more important than the pace of rate hikes, signaling that it may begin to slow the pace of future interest rate increases.