The key mortgage rate had its biggest one-week decline of the year, falling to the lowest level in 15 months.
Category: Credit and Debt
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What’s Behind All the Stock Market Drama?
Analysts and investors have many explanations, including worries about the health of the U.S. economy and shifts in the value of the Japanese yen.
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Politics Makes the Fed’s Job Trickier, but Doesn’t Drive Its Decisions
Central bankers are independent of the White House as they set interest rates. But the political cycle can put them under unwanted limelight.
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Chase to Bar Customers From Using Credit Cards for ‘Pay Later’ Loans
Financial regulators and consumer advocates frown upon using credit cards to pay off installment loans because of the risk that consumers will dig themselves further into debt.
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JPMorgan and Wells Fargo Earnings Show Toll of Inflation
JPMorgan and Wells Fargo reported that overall deposits dropped. At Wells Fargo, a core measure of profitability sank.
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Apartments Could Be the Next Real Estate Business to Struggle
Owners of some rental buildings are starting to struggle because of rising interest rates and waning demand in some once booming Sun Belt cities.
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Things to Bring to College That You Can’t Buy at Target
They won’t add bulk to the car or much cost to the bill, but they’ll help keep your college student safer. Pepperoni is also involved.
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Chicken Soup for the Soul Entertainment Files Chapter 11
The parent company of Redbox, which rents movies through kiosks, filed for Chapter 11 bankruptcy protection on Friday.
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Michael Jackson Died With $500 Million in Debt
Jackson owed about $40 million to the tour promoter A.E.G. in 2009, his estate’s executors said in a court filing. They said all the debts have been eliminated.
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$29 Trillion: That’s How Much Debt Emerging Nations Are Facing
A decades-long crisis is getting worse, and now dozens of nations are spending more on interest payments than on health care or education.
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How Fed Rates Influence Mortgages, Credit Cards and More
Higher rates benefit those who can save, but for borrowers falling rates would reduce bills on credit cards, home equity loans and other forms of debt.
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Fed Is in No Rush to Cut Rates as Economy Holds Up
Federal Reserve officials are expected to leave interest rates unchanged at their meeting this week. They will also release a fresh set of economic projections.