Personal finance

Federal Reserve Board Chair Jerome Powell speaks at a news conference following a two-day meeting of the Federal Open Market Committee, Wednesday, Sept. 18, 2019, in Washington. (AP Photo/Patrick Semansky)
September 18, 2019 - 4:03 pm
The Federal Reserve has cut its benchmark interest rate again, big news for the U.S. economy but something that will likely have a muted impact on Americans' personal finances, experts say. That's because the reduction doesn't offset the increases of recent years. And as the key rate creeps closer...
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FILE - In this June 20, 2019, file photo students walk around a RAMS sign at Virginia Commonwealth University in Richmond, Va. Thinking of refinancing your student loans? Make sure you understand the pros and cons before deciding, and know how to make yourself look good to lenders. Here's how to check whether refinancing would make sense for you and how to improve your financial picture. (AP Photo/Steve Helber, File)
September 17, 2019 - 12:39 pm
Glossy mailers promising low rates and cleverly crafted ads on your favorite podcast might leave you wondering: Should you refinance your student loans? With over $1.6 trillion in student loan debt in America as of March 2019, student loan refinance companies have an incentive to entice you. And a...
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In this Sept. 3, 2019, photo a sign rests in front of a newly constructed home, in Westwood, Mass. On Thursday, Sept. 12, Freddie Mac reports on this week’s average U.S. mortgage rates. (AP Photo/Steven Senne)
September 12, 2019 - 12:28 pm
WASHINGTON (AP) — U.S. long-term mortgage rates rose this week but remained at historically low levels. Mortgage buyer Freddie Mac said Thursday the rate on the 30-year, fixed-rate mortgage increased to 3.56% from 3.49% last week. Average rates on the benchmark loan have remained below 3.6% for...
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This Aug. 11, 2019, photo shows Visa logos on credit cards in New Orleans. On Monday, Sept. 9, the Federal Reserve releases its July report on consumer borrowing. (AP Photo/Jenny Kane)
September 09, 2019 - 3:07 pm
WASHINGTON (AP) — Consumer borrowing surged in July at its fastest pace since late 2017, driven by a big jump credit card use. The Federal Reserve says overall consumer borrowing increased by $23.3 billion in July after a $13.8 billion advance in June. It was the biggest monthly gain since a $29.9...
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FILE - This Monday, Aug. 8, 2011, file photo shows the Fannie Mae headquarters in Washington. The Trump administration has unveiled its plan for ending government control of Fannie Mae and Freddie Mac, those are the two giant mortgage finance companies that nearly collapsed in the financial crisis 11 years ago and were bailed out by taxpayers at a total cost of $187 billion, Thursday, Sept. 5, 2019. (AP Photo/Manuel Balce Ceneta, File)
September 05, 2019 - 7:17 pm
WASHINGTON (AP) — The Trump administration has unveiled its plan for ending government control of Fannie Mae and Freddie Mac, the two giant mortgage finance companies that nearly collapsed in the financial crisis 11 years ago and were bailed out at a total cost to taxpayers of $187 billion. The...
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In this Sept. 3, 2019 photo a sign rests in front of a newly constructed home, in Westwood, Mass. On Thursday, Sept. 5, Freddie Mac reports on this week’s average U.S. mortgage rates. (AP Photo/Steven Senne)
September 05, 2019 - 12:02 pm
WASHINGTON (AP) — U.S. long-term mortgage rates fell this week, with the average on the key 30-year loan reaching its lowest point in nearly three years. Mortgage buyer Freddie Mac said Thursday that the rate on the 30-year mortgage declined to 3.49% from 3.58% last week. The average rate hasn't...
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FILE - In this April 9, 2019, file photo, pedestrians walk on the campus at Stanford University in Stanford, Calif. College students who earned money this summer can make the most of it by including a few longer-term financial goals in their budgeting. (AP Photo/Jeff Chiu, File)
September 05, 2019 - 10:33 am
What you do with your paychecks in college can affect your financial life long after you toss your graduation cap. By saving money and repaying debt now, you're doing Future You a huge favor. Of course, you need to take care of Present You, too. Set aside what you've budgeted for this year's...
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In this Aug. 16, 2019, photo for sale signs beckon buyers to homes along Park Avenue in Richmond, Va. On Thursday, Aug. 29, Freddie Mac reports on this week’s average U.S. mortgage rates. (AP Photo/Steve Helber)
August 29, 2019 - 10:10 am
WASHINGTON (AP) — U.S. long-term mortgage rates ticked up slightly this week, yet they remain near historic lows. Mortgage buyer Freddie Mac said Thursday that the average rate on the 30-year loan rose to 3.58% from 3.55% last week. Mortgage rates have fallen sharply as a slowing global economy and...
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In this Aug. 11, 2019, photo, U.S. currency and credit cards sit on a table at a restaurant in New Orleans. Credit card companies want to turn your unused credit line into cash that you can borrow for things like home improvements or unexpected expenses. But accepting this loan offer may not be the best choice for your wallet or your credit score. (AP Photo/Jenny Kane)
August 29, 2019 - 9:38 am
Credit card companies want to turn your unused credit line into cash that you can borrow for things like home improvements or unexpected expenses. But accepting this loan offer may not be the best choice for your wallet or your credit score. In recent months, two of the largest credit card issuers...
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August 22, 2019 - 7:39 am
When it comes to credit card rewards, it's not all about gas, groceries and restaurants anymore. Issuers are moving beyond suburban staples to include millennial-friendly categories such as transit and streaming subscriptions. The trend toward streaming rewards, in particular, is hard to miss, with...
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