These mortgage fees increased 22 percent from 2021 to 2022. One likely factor is the greater use of discount points to nudge interest rates down.
Category: Prices (Fares, Fees and Rates)
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Inflation Ticked Up Last Month, Backing the Fed’s Caution on Rate Cuts
Consumer prices climbed 3.2 percent last month from a year earlier, down notably from a 9.1 percent high in 2022, but still quicker than the roughly 2 percent that was normal before the pandemic.
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Insurance Costs Are Pushing Up Overall Inflation
Insurance costs are on the rise for various reasons, adding to overall inflation.
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When Your Restaurant Cancellation Fee Costs as Much as Dinner
Fed up with no-shows and last-minute cancellations, restaurants are increasingly charging fees as high as $100 a head. And some diners are pushing back.
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States Dig Into Homeowners Insurance and Why It’s Hard to Buy
State regulators asked more than 400 companies for data on their homeowners insurance businesses. The inquiry comes at a moment when severe weather is increasing risk.
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Car Deals Are Easier to Find but Lenders Are Tightening Their Terms
It has become harder for some borrowers to get affordable car loans as banks and dealerships face a rising number of delinquencies.
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The jobs report comes as the Fed considers the timing of interest rate cuts.
The Federal Reserve is primarily watching progress on inflation as it contemplates its next steps, but it is also keeping an eye on the labor market.
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Planning a Trip? Tips and Tricks for Working With a Travel Adviser
The internet has turned us all into our own travel planners, but for complicated itineraries or milestone trips, an adviser can save you money and headaches.
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How China Came to Dominate the World in Solar Energy
Beijing is set to further increase its manufacturing and installation of solar panels as it seeks to master global markets and wean itself from imports.
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Lucien Pellat-Finet, Fashion’s ‘King of Cashmere,’ Dies at 78
The aesthetic of the sweaters he designed, which included provocative symbols like marijuana leaves and skulls, was casual. Their price tags were not.
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Fed Chair Powell Still Expects to Cut Rates This Year, but Not Yet
Jerome H. Powell, chair of the Federal Reserve, said policymakers still expect to lower rates in 2024 — but the timing hinges on data.
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Brighter Economic Mood Isn’t Translating Into Support for Biden
Voters feel slightly better about the economy as inflation recedes, but partisan divides remain deep, a Times/Siena poll found.