Author: News Room
As we embark on the spring homebuying season, the market might seem a bit chilly at first glance. Prospective buyers face a challenging landscape characterized by high mortgage rates, limited housing inventory, and escalating home prices. Compounding the situation, recent data from Freddie Mac reveals that in April, the average rate for a 30-year fixed mortgage surged back above 7%, adding further pressure. However, despite the recent spike in mortgage rates, it’s important to keep historical context in mind. While these rates may seem high compared to recent years, they are still considerably lower than rates seen in previous decades. For…
As folks approach retirement, they often start mentioning their “bucket list” more frequently. The bucket list is generally an itemized agenda of experiences or achievements that a person hopes to accomplish during their lifetime before they “kick the bucket” or die. This concept brings to mind the 2007 film “The Bucket List”. In the movie, fate lands complete strangers Jack Nicholson and Morgan Freeman in the same hospital room. They decide to complete a list of things they want to see and do before they die. They go skydiving, drive luxury cars, fly over the North Pole, visit the Taj…
Former President Donald Trump was convicted this week of 34 counts of felony business fraud in connection with hush money payments to adult film star Stormy Daniels before the 2016 presidential election. Trump will be sentenced on July 11 and has pledged to appeal the conviction. The guilty verdict, while a major political moment, does not prevent Trump from continuing his presidential campaign nor from serving should he win the White House. Here’s how we got here and what’s next: Trump was indicted in March 2023 by Manhattan District Attorney Alvin Bragg, a Democrat, on 34 charges tied to the…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Narendra Modi is poised to return for a third five-year term as India’s prime minister, according to exit polls published on Saturday that projected a clear victory for his Bharatiya Janata party and its smaller allies.Polls conducted by six Indian TV stations and agencies all showed the Modi-led National Democratic Alliance winning a comfortable majority of between 353 and 401 seats in India’s 543-seat Lok Sabha, or lower house. That leaves Modi with a strong mandate to form the next government, taking him…
The ARK Innovation ETF (NYSEARCA:ARKK) has been around since 2014. I wasn’t aware of the fund until Cathie Wood, the CEO and CIO of Ark Invest, started showing up on CNBC touting the results of her fund. As you can see below, ARKK’s results were stellar in the early 2020’s but have substantially lagged in recent years as the ETF’s price has fallen: Data by YChartsI’m not as negative on Woods and ARKK as many other analysts but I do believe investors would be better suited allocating funds elsewhere. Let’s dig into the details of the ETF and I’ll explain…
June 1 marks the official start of hurricane season in the Atlantic Ocean, and meteorologists predict it will be “extremely active,” with the potential for seven major hurricanes – the most destructive categories. And as insurance companies struggle to stay afloat, battered by elevated inflation and the growing frequency of catastrophic storms made worse by climate change, it’s become even tougher for homeowners to find affordable insurance options. Just last year, rates jumped 11.3% nationwide, according to S&P Global, and experts don’t expect a reprieve this year. And while there are ways to try and save money on insurance costs, moving to…
India’s Prime Minister Narendra Modi looks set for a rare third consecutive term in power, as local exit polls on Saturday suggested his Bharatiya Janata Party-led alliance will clinch a decisive parliamentary majority.According to an exit poll summary by local news channel NDTV, the BJP-led National Democratic Alliance is expected to secure around 365 out of the 543 seats in the lower house of parliament. The party or coalition that wins at least 272 votes will form the government. Final results, expected on Tuesday, can diverge from exit poll projections.If the exit polls, which have a patchy record, are confirmed,…
Boeing’s first Starliner flight with astronauts on board was called off in the final minutes on Saturday. The company was targeting a launch on June 1 at 12:25 p.m. ET of its capsule, which is carrying astronauts to the International Space Station for the first time in a final major test of the system.The launch’s hold was automatically issued for an unspecified reason, NASA said on its broadcast, with under four minutes remaining in the countdown. Holds in a rocket launch countdown – as well as “scrubs,” indicating a launch delay – are a common occurrence in the industry. The…
Millions of American young adults are graduating from college this season and beginning the next chapters of their lives. The ceremonial celebrations of graduations often come with receiving gifts of congratulations from family and friends. Many gifts are money.New grads may be tempted to spend their gift money — but is there a better strategy to invest or bank this money for future use? HATE JOB INTERVIEWS? NEW BOOK PROMISES LIGHTER, BRIGHTER CAREER PROCESS FOR ‘VERY BEST STUFF’ Three money experts shared wisdom, insights and guidance about whether college grads should save or spend their gift money — and the…
Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. The interest rate on a 30-year fixed-rate mortgage is 6.875% as of May 20, which is 0.250 percentage points higher than on Friday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 5.990%, which is 0.115 percentage points higher than on Friday. With mortgage rates changing daily, it’s a good…
