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The Latest Breaking News from Jacob Channel

The Federal Reserve expects to cut rates more slowly in 2025. Here's what that could mean for you

The Federal Reserve’s third interest rate cut of the year will likely have consequences for debt, savings, auto loans, mortgages and other forms of borrowing by consumers and businesses

The Independent UK

The Federal Reserve is finally lowering rates. Here's what consumers should know

The Federal Reserve has cut its benchmark interest rate from its 23-year high, with consequences for debt, savings, auto loans, mortgages and other forms of borrowing by consumers and businesses

The Independent UK

The economy just handed boomers another win—the U.S. housing market nearly doubled in a decade to a record $23 trillion

U.S. homeowners with mortgages were sitting on $23 trillion in housing wealth by the end of 2022.

Fortune

From analysis to the latest developments in health,
read the most diverse news in one place.

Surprise: Wage growth has actually outpaced the crushing inflation over the past 2.5 years, according to the JEC Democrats

National average wages and salaries grew by nearly $15,000 from January 2021 to October 2023, according to the JEC Democrats.

Fortune

Americans are racing to repay their federal student loans before they're even due

Hint: It has a lot to do with those pesky interest rates.

Fortune

Five Ways to Shop for a Low Mortgage Rate

Mortgage rates are high this year, but you can still find an affordable loan with these tips.

Kiplinger

If you can't afford your federal student loan bills, just skip them

Take advantage of Biden's student loan grace period.

Fortune

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Car buyers bear a heavy burden as Federal Reserve keeps raising rates: Auto-loan rejections are up

The Federal Reserve’s expected move Wednesday to raise interest rates for the 11th time could once again send ripple effects across the economy

The Independent UK

What you should know as the Fed nears the peak of its rate-hiking cycle

The Federal Reserve’s likely decision Wednesday afternoon to leave interest rates alone for the first time in 11 meetings will raise hopes that it may be nearing the end of its rate-hiking campaign to cool inflation

The Independent UK

Student loan borrowers are stressed about paying off their debt again

"People will probably be in for a little bit of pain" when federal student loan payments resume by the fall as inflation and layoffs persist.

Fortune

Over 20% of Tampa Bay’s senior homeowners are still paying a mortgage

At 76, Chrissy Gerulat is still paying off two mortgages.

Tribune News Service

Real Estate Market Woes Hit Home to Buyers and Owners

A confluence of negative events is hitting U.S. real estate consumers where it hurts.

The Street

America's student loan balance experienced its biggest drop in 20 years due to student debt relief efforts

It's a small drop, but still "very significant."

Fortune

HBCU grads can face lifelong student debt burdens. Here’s what that looks like in NC

CHARLOTTE, N.C. — Whether it’s buying a home, saving for retirement or starting a business, student debt makes it difficult for graduates of historically Black colleges and universities to build wealth after college, a new report shows.

Tribune News Service

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The Street

This Mortgage 'Trick' May Make Buying a Home Easier

The last time homes were this unaffordable was 1985, but things may be looking up

The Street

Mortgage Rates at 7% Make Buying a New Home a Risk

Housing prices are in decline, but there are still plenty of roadblocks in buying a new home.

The Street

Three Signs It’s Easier to Buy a House Right Now

For homebuyers, conditions aren’t ideal, but they’ll take what they can get -- and they should.

The Philadelphia Inquirer

More home buyers are considering adjustable-rate mortgages as interest rates rise

Home buyers have had to accept that mortgage rates probably won’t drop back down to record lows anytime soon.

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news in one place.

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The Street

These Items Grow More Expensive When Fed Lifts Rates Sharply

Prices for Americans are set to rise. The working proposition from Washington is that it’s all for your own good

The Street

Selling Your House Now Could Leave You Homeless

Real estate market is getting trickier for buyers and sellers in what is likely the tail-end of an unprecedented boom.

People

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