How does student loan interest work?
September 1 marks the first significant step toward resuming student loan payments as interest rates begin to accrue with the first payments due in October. University of Houston Downtown professor Dietrich Von Biedenfeld helps us crunch the numbers and explains how student loan interest works.
More Americans living paycheck to paycheck
Struggling to make ends meet? You're not alone. New research shows more Americans are living paycheck to paycheck and its not just those living off low wages. Danny Ratliff, Financial Advisor with RIA Advisors, joined FOX 26 with the research and how to start saving.
Interest rates return for student loans
Interest rates are back for federal student loans as the government's moratorium on student loans ends on Sept. 1.
President Biden to address job market
The United States job market may be starting to slow down and that could influence the Central Bank's decision on whether to kick up interest rates again later this month. Doug Luzader has more from Washington where President Biden is due to address the new report later on Friday.
Houston-area homeowner seeking resolution after receiving $1,500 water bill
A homeowner in Houston has more questions then answers after she received a $1,500 water bill in the mail.
GDP growth for Q2 dips on second estimate
Gross domestic product (GDP) increased in Q2 2023 and signs of a strong economy could push the Fed to raise interest rates again. This could have a major impact on consumer debt.
Looking for today’s biggest mortgage rate savings? Try 15-year terms | August 31, 2023
Check out the mortgage rates for August 31, 2023, which are mixed from yesterday.
Latest consumer headlines: Amazon's shipping update, Ford truck recall, and Burger King's whopper lawsuit
Amazon's changing its free shipping rules for non-Prime users, requiring a $35 minimum order, while Ford recalls 42k trucks for potential axle issues, and Burger King faces a lawsuit over allegedly misleading Whopper sizes.
Americans consider using credit cards to afford student loan payments: survey
Many Americans who used the pause on student loan payments to reduce debt may now have to reverse course, according to a recent Empower survey.
Today’s lowest mortgage rates? Consider today's shorter terms | August 30, 2023
Check out the mortgage rates for August 30, 2023, which are mixed from yesterday.
Farmers Insurance reducing staff by 2,400 in layoffs
Farmers Insurance has revealed it will shed numerous employees through layoffs.
Home affordability is the worst it has been in nearly 40 years, study shows
U.S. home prices recently faced their sharpest rise since November.
Ways to save at discount, dollar stores
Have you noticed expensive, luxury cars in the parking lots of dollar stores? Since inflation skyrocketed, high-income shoppers are 15 percent more likely to flock to discount retailers along with everyone else, according to a recent survey. FOX 26 Consumer Reporter Heather Sullivan has the strategy to utilize these stores to save money.
Popular summer vacation destinations across US see uptick in vacancies
Vacation hotspots across the country saw vacancy rates as high as 20% this summer
Home prices will rise in 2023 as affordability crisis worsens, Goldman says
Goldman Sachs projects home prices to climb by 1.8% this year amid housing shortage
Fresh start programs for defaulted borrowers explained
Federal student loan interest resumes after a 3.5-year pause, offering borrowers in default or at risk of default new 'fresh start' options, as consumer reporter Heather Sullivan discussed.
Federal Reserve signals potential interest rate hikes to sustain strong US economy
The continued strength of the U.S. economy could require further interest rate increases, Federal Reserve Chair Jerome Powell said.
Wells Fargo customers report issues with cards, bank says 'working diligently to resolve'
Wells Fargo users are reporting issues with their Wells Fargo cards on Twitter.
Can the Federal Reserve keep raising interest rates?
After a year of rising interest rates, the Federal Reserve is expected to change course at its next meeting.
Today’s lowest mortgage rate? 10-year terms at 6.625 percent | August 22, 2023
Check out the mortgage purchase rates for August 22, 2023, which are mostly unchanged from yesterday.