Mortgage rates are dropping, but the housing market is still stuck. Here's why.
The bottom line is that there is no "magic" mortgage rate that will spur home-buying activity, Palim said. Even as rates fall, which helps home buyers, there is no critical threshold at which a ...
'I feel like I'm missing something': I'm 68, divorced with two children. I've $750,000 and rent my home. Do I need a trust?
'I continue to reinvest the dividends and interest so my investments continue to grow' ...
My friend inherited a $160,000 house. Will this put her Social Security disability income at risk? What can she do?
Their daughter has been on Social Security Disability Income for 30-plus years, and also receives about $200 a month from Supplemental Security Income. Total income is about $1,000 a month. She has ...
'I believe she made a big mistake': My wife put her paycheck into a bank account with her inheritance. Do I now own 50% of those funds?
I understand that, in a divorce, a spouse is not entitled to money that their spouse inherited if those funds were not commingled in a joint account. I'm in a situation where my wife inherited money ...
Schwab leads list of banks expected to profit most in 2025 from Fed's rate cuts
From our screen of 50 banks, these 15 are expected to widen their net interest margins the most during 2025, based on consensus estimates among analysts polled by FactSet: Schwab tops the list to show ...
It's harder for white-collar workers to find a job these days. AI tools aren't making it any easier.
As more job seekers become aware of these practices and start to use tools themselves to improve their chances, "we end up with AI talking to AI," Alvarez said. That's a troubling trend for a process ...
JPMorgan, Wells Fargo to kick off bank earnings parade as Wall Street weighs lower interest rates
The trimmed profit view for Goldman Sachs during the quarter came as Chief Executive David Solomon warned on Sept. 10 that the bank is seeing a roughly $400 million hit to revenue from a drop in ...
Home prices need to fall by this much to make housing affordable again, economist says
For that to happen, home prices would need to fall by as much as $121,000 for housing to be affordable again, she estimated. That's unlikely to happen in the near future, she added: Right now, a ...
Bets oil will hit $100 a barrel surge on fears of wider Middle Eastern war
Bets for $100 a barrel crude are going up for both WTI and global benchmark Brent crude "because of the most significant risk to Middle Eastern oil supplies in decades," said Flynn.
Medicare's $2,000 cap on out-of-pocket drug expenses will actually cost most members more money
Medicare Part D beneficiaries will have a $2,000 cap on out-of-pocket costs for covered drugs beginning in 2025 - but where some people will save, others will inadvertently pay, one author and ...
It's harder for white-collar workers to find a -2-
The 29-year-old job seeker in Nevada said her job search feels a bit like proof of that fact, though it had an unusual ending. After searching for nearly a year, she landed a part-time freelance role ...
Student-loan delinquencies poised to rise substantially, according to Deutsche Bank
Student-loan delinquencies, after an extended pandemic-related pause in payments on roughly $1.5 trillion in debt, look set to climb substantially, according to researchers at Deutsche Bank.