Could the recession already be over?
On June 8, the National Bureau of Economic Research Business Cycle Dating Committee put out a statement that economic activity had peaked in February and…
Finance
Refinancing and income taxes
With interest rates at all-time lows, refinancing can be a great money-saving move, but it can impact your taxes. From a tax implication perspective, refinancing…
Your money: Here are things to consider if your company is cutting your 401(k) match
The economic upheaval witnessed in 2020 could shake up things even more when it comes to 401(k) plans. A small group of employers, including many…
Your money: What should you do if you lost or threw away your stimulus?
Did you pitch your much-awaited stimulus payment because it showed up on a plastic card that, frankly, looked like an unsolicited debit or credit card?…
US mortgage rates fall; 30-year at all-time low of 3.13%
WASHINGTON — Long-term U.S. mortgage rates fell this week as the benchmark 30-year home loan reached an all-time low. Mortgage buyer Freddie Mac reported today…
Your money: Adjustable rate mortgages might not be the deals you think they are
As tempting as it might be to save a few bucks a month by opting for an adjustable rate mortgage, consumers need to do their…
US long-term mortgage rates mostly steady; 30-year at 3.21%
WASHINGTON — Long-term U.S. mortgage rates were mostly steady this week, continuing to hover near all-time lows. Mortgage buyer Freddie Mac reported today that the…
Your money: Here’s how managing your money will change because of COVID-19
Walking into a bank branch and talking to a teller is one of those how-we-handle-our-money moments that vanished as “stay-at-home” orders went into place. So,…
Your money: Prevent your credit limit from being lowered (and what to do if it already has been)
In response to the current state of the U.S. economy as a result of the coronavirus, credit card issuers have been cutting credit limits for…
Average 30-year mortgage rates rose slightly to 3.18%
BALTIMORE — Long-term mortgage rates increased slightly as the U.S. economy showed signs that the worst of the coronavirus-fueled recession might have passed. The average…