Author: News Room
Mortgage rates continued their wave-like fluctuations, dropping slightly from last week when rates averaged closer to 7%. A 30-year, fixed-rate mortgage averaged interest rates of 6.89% as of July 11, Freddie Mac reported. Rates currently average lower than they did at this time last year when they hovered around 6.96% for 30-year mortgages.”Following June’s jobs report, which showed a cooling labor market, the 10-year Treasury yield decreased this week and mortgage rates followed suit,” Freddie Mac Chief Economist Sam Khater said. The average rate for a 15-year mortgage also dropped to 6.17%, compared to 6.25% last week. These mortgage rates…
It’s a common problem these days, with nearly one in seven older people diagnosed with some kind of dementia. These folks lose their financial judgment early in the process of cognitive decline. Caring family members get alarmed, and try to reason with their impaired elder. That leads to conflict, as reason fails. Is there a solution? Here at AgingParents.com, we hear about this most often when the elder is in their 80s. The adult child seeks advice after discovering that Mom or Dad is getting ripped off by someone, or an institution, or they are wildly spending beyond their means.…
Supreme Court Justice Neil Gorsuch criticized the expansion of federal criminal law during remarks on Friday, telling an audience in California that Americans’ liberties are at risk “when there’s a law against everything.” “What happens to your respect for law when everybody’s a criminal?” Gorsuch said during remarks at the Richard Nixon Presidential Library and Museum. “I am not looking to roll back to 1789,” the conservative said. “I’m just asking for maybe a dose of common sense along the way.” Gorsuch, former President Donald Trump’s first nominee to the Supreme Court, who at times has demonstrated a streak of…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Catalan separatist leader Carles Puigdemont issued a defiant statement on Friday evening saying he was back in Belgium after evading arrest by Spanish authorities in Barcelona on Thursday.Puigdemont said he was in Waterloo, south of Brussels, and “never had the intention to surrender myself voluntarily or to facilitate my arrest because I find it unacceptable that I am being persecuted for political reasons”. His separatist Junts per Catalunya party has threatened to review its support for Spain’s coalition government after he fled…
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Chrysler-parent Stellantis is laying off as many as 2,450 factory workers from its Warren Truck assembly plant outside of Detroit as the automaker ends production of the Ram 1500 Classic truck. The layoffs will be effective as early as Oct. 8, the company said, as the plant moves from a two-shift to a one-shift operating pattern in general assembly. Production of the Jeep Wagoneer at the same facility will remain on two shifts, the company said. As production of the Ram 1500 Classic winds down later this year, the company is shifting focus to the Ram 1500 Tradesman truck, produced…
Younger Americans do not appear to hold Vice President Kamala Harris responsible for what many of them believe is a worsening U.S. economy under the Biden-Harris administration, according to a new survey from CNBC and Generation Lab.The latest quarterly Youth & Money Survey, taken after Biden dropped out of the race in July, reveals that 69% of Americans between 18 and 34 years old believe the economy is getting worse under President Joe Biden.But they also think the candidate best able to improve the economy is Harris, not Republican nominee and former President Donald Trump.Harris was viewed as the best…
Trump’s plan could move insolvency for Social Security, including the disability program, up two years, from 2035 to 2033, according to the Tax Foundation. Insolvency for Medicare could move up six years, from 2036 to 2030.”President Trump delivered on his promise to protect Social Security and Medicare in his first term” and will “continue to strongly protect Social Security and Medicare in his second term,” Trump campaign national press secretary Karoline Leavitt said in a statement.She said Trump will boost the U.S. economy and strengthen Social Security, “all the while eliminating taxes on Social Security for America’s well-deserving seniors.”Cutting tax…
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 6.625% as of July 15, which is unchanged from Friday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 5.875%, which is also unchanged from Friday. With mortgage rates changing daily, it’s a good idea to check today’s rate before applying…
The Inflation Reduction Act is keeping drug plan sponsors, pharmacies, Medicare educators and anyone who works with Medicare drug plans very busy. So far, the IRA has: Many more changes are coming. The biggest one may be the $2,000 cap on Part D drug costs that takes effect in 2025, which has spawned a new program: the Medicare Payment Prescription Plan or MPPP. This may seem simple in concept but it’s really quite complicated. On the website for this new program, the Centers for Medicare and Medicaid Service has nine documents, including fact sheets, cost calculations, timelines, and final guidance,…
