Buying a Home in California Just Got Easier with Two New Programs – Do You Qualify?

csfotoimages / Getty Images The state of California recently rolled out a pair of programs designed to help residents buy new homes or stay in their current ones, one of which provides forgivable loans to buyers for up to 10% of the purchase price. See: 10 Kitchen Renovations That Will Hurt Your Home’s ValueFind: Unplug … Read more

Stock Markets Rally on Fed’s Rate Hike – Which Stocks Might Do Best Under Higher Interest Rates?

jetcityimage / The Federal Reserve’s move on May 4 to raise its benchmark interest rate by a half-percentage point was greeted with wild applause on Wall Street, with stocks rising sharply on the hope that the hike can tame inflation while also helping the US avoid a recession. Discover: 27 Ugly Truths About RetirementMore: … Read more

What Does This Period of Inflation Mean For the Future of the Stock Market?

Lazy_Bear / Getty Images / iStockphoto In early 2022, inflation has been nothing short of runaway, reaching levels not seen since the 1980s. In large part because of these inflationary readings, which reached 8.5% in March, the stock market has sold off dramatically, with the S&P 500 off to its worst start to a year … Read more

Investing Can Help You Combat Your Debts

getty Key Takeaways According to the New York Federal Reserve data, consumers ended 2021 with a record $ 15.6 trillion in debt The average household now owes $ 155,622, including balances on mortgages, credit cards, auto loans, and student loans Mortgage balances made up the largest portion, rising $ 890 billion in the year and … Read more

Nearly 75% of Americans are confused about the cost of closing, pre-approval, or other home buying steps: Here’s a useful cheat sheet

gradyreese / Getty Images Most likely, unless you have already bought a house or work in real estate, you do not feel that you know much about what it takes to buy a house. At least, that’s the rule for many Americans, according to a recent GOBankingRates survey. Explore: 7 financial habits that improve your … Read more

Overdue subprime car loans climb to higher interest rate since April 2020, a possible sign of trouble

Wall Street has begun to see more borrowers with reduced credit falling months behind on subprime car loans, a possible sign of consumer credit cracks as the Federal Reserve moves to fight inflation. High-risk car loans have been a surprisingly strong household debt hub for the past two years of the pandemic, with the help … Read more

Home renovations will not be easier or cheaper this year, but that does not mean you have to wait

The pandemic caused a certain kind of disaster in the renovation of the house. The growing demand for construction projects collided with shortages of materials and manpower, creating a traffic jam to improve the house that lasted until 2022. “The pandemic has played a huge role in everything but housing,” said Abbe Will, deputy director … Read more