After one more interest rate hike, the Fed may hit the 'pause button'
After the most aggressive interest rate hike in 40 years, the federal reserve is expected to approve another quarter-point increase on Wednesday.
After the most aggressive interest rate hike in 40 years, the federal reserve is expected to approve another quarter-point increase on Wednesday.
President Biden to hold debt limit meeting next Tuesday
Congress seems to work best when it?s up against a deadline and this latest deadline is coming up fast. In a month, the U.S. could default on its debt and lawmakers are still far apart on negotiations, but they?re at least willing to meet to play ball.
Congress seems to work best when it?s up against a deadline and this latest deadline is coming up fast. In a month, the U.S. could default on its debt and lawmakers are still far apart on negotiations, but they?re at least willing to meet to play ball.
What will another interest rate hike mean for the economy?
After the most aggressive interest rate hike in 40 years, the federal reserve is expected to approve another quarter-point increase on Wednesday.
After the most aggressive interest rate hike in 40 years, the federal reserve is expected to approve another quarter-point increase on Wednesday.
Today's mortgage rates are rising, but 15-year terms are below 6 percent | May 2, 2023
Check out the mortgage rates for May 2, 2023, which are trending up from yesterday.
Check out the mortgage rates for May 2, 2023, which are trending up from yesterday.
Bank deposits fell by more than $76 billion
Bank deposits fell by $76.2 billion in April, following the highly publicized closures of Silicon Valley Bank (SVB) and other tech-focused financial institutions. Moreover, high interest rates continue to put pressure on both banks and consumers.
Bank deposits fell by $76.2 billion in April, following the highly publicized closures of Silicon Valley Bank (SVB) and other tech-focused financial institutions. Moreover, high interest rates continue to put pressure on both banks and consumers.
Biden asks student loan companies to prepare for end to payment pause
The Education Department has notified student loan servicers to prepare for an end to the COVID-19 student loan payment pause.
The Education Department has notified student loan servicers to prepare for an end to the COVID-19 student loan payment pause.
Today's best mortgage deal? Back to 15-year terms | May 1, 2023
Check out the mortgage rates for May 1, 2023, which are mixed from Friday.
Check out the mortgage rates for May 1, 2023, which are mixed from Friday.
New rules on mortgage fees that may have some people with stronger credit scores paying more
Controversy is buzzing over new mortgage rules taking effect Monday: higher fees for homebuyers with good credit, and lower fees for people with lower credit. However, mortgage experts say that?s not the whole story.
Controversy is buzzing over new mortgage rules taking effect Monday: higher fees for homebuyers with good credit, and lower fees for people with lower credit. However, mortgage experts say that?s not the whole story.
Debt limit rages even with House out of session
The House is out of session this week, but it doesn?t mean the debt limit stand-off has simmered down. Instead, it might be a long battle to raise the debt limit so the country can pay its bills.
The House is out of session this week, but it doesn?t mean the debt limit stand-off has simmered down. Instead, it might be a long battle to raise the debt limit so the country can pay its bills.
First Republic Bank seized by regulators, sold to JPMorgan Chase
San Francisco-based First Republic is the third midsize bank to fail in two months and is the second-biggest bank failure in U.S. history.
San Francisco-based First Republic is the third midsize bank to fail in two months and is the second-biggest bank failure in U.S. history.
Former Apple employee ordered to serve jail time, pay restitution for fleecing the company
Dhirendra Prasad’s sentencing for two charges — conspiracy to commit mail fraud and wire fraud and conspiracy to defraud the U.S. — stemmed from an alleged plot that lost Apple over $17 million.
Dhirendra Prasad’s sentencing for two charges — conspiracy to commit mail fraud and wire fraud and conspiracy to defraud the U.S. — stemmed from an alleged plot that lost Apple over $17 million.
Tips to getting your passport in time amid record breaking demand
Record demand is increasing the time it takes to get a passport. FOX 26's Heather Sullivan has some smart sense on how you can get your passport in time.
Record demand is increasing the time it takes to get a passport. FOX 26's Heather Sullivan has some smart sense on how you can get your passport in time.
73% of American Millennials living paycheck-to-paycheck, financial report shows
Faced with high prices and interest rates, consumers have begun reining in their spending.
Faced with high prices and interest rates, consumers have begun reining in their spending.
Gas prices dip, offering consumers some relief at the pump: AAA
The national average cost for a gallon of gas dropped by five cents from last week to $3.68, reflecting a dip in oil prices, AAA said.
The national average cost for a gallon of gas dropped by five cents from last week to $3.68, reflecting a dip in oil prices, AAA said.
15 million could lose Medicaid coverage in 'unwinding'
An estimated 15 million people are expected to lose their Medicaid coverage, including one million Texans, now that Medicaid "unwinding" has begun. That means the COVID public health emergency is ending and automatic re-enrollment set up during the pandemic has ended. FOX 26 Consumer Reporter Heather Sullivan shares some Smart Sense on what recipients need to know.
An estimated 15 million people are expected to lose their Medicaid coverage, including one million Texans, now that Medicaid "unwinding" has begun. That means the COVID public health emergency is ending and automatic re-enrollment set up during the pandemic has ended. FOX 26 Consumer Reporter Heather Sullivan shares some Smart Sense on what recipients need to know.
The Fed is expected to raise interest rates again in May: Economists
The Fed is expected to raise interest rates by 25 basis points again in May, according to a poll of economists. This is what you need to know.
The Fed is expected to raise interest rates by 25 basis points again in May, according to a poll of economists. This is what you need to know.
Today's best mortgage deal? Rates for 10-year terms | April 27, 2023
Check out the mortgage rates for April 27, 2023, which are mixed from yesterday.
Check out the mortgage rates for April 27, 2023, which are mixed from yesterday.
Engagement ring sales fall sharply – blame COVID, jewelry giant says
Pandemic lockdowns ended many early relationships and led to a dramatic decline in dating overall, resulting in “the engagement gap that we’re still seeing today," industry executives said.
Pandemic lockdowns ended many early relationships and led to a dramatic decline in dating overall, resulting in “the engagement gap that we’re still seeing today," industry executives said.
Today's lowest mortgage rate? 15-year terms | April 26, 2023
Check out the mortgage rates for April 26, 2023, which are trending down from yesterday.
Check out the mortgage rates for April 26, 2023, which are trending down from yesterday.
Knowing how insurance rates are calculated could save drivers money: survey
Roughly 80% of American drivers surveyed can't identify the factors used to determine car insurance rate, a survey by the Zebra said. This knowledge gap could be costing them on their auto insurance premiums.
Roughly 80% of American drivers surveyed can't identify the factors used to determine car insurance rate, a survey by the Zebra said. This knowledge gap could be costing them on their auto insurance premiums.