Fed's May interest rate hike could harm regional bank lending, mortgages, expert warns
The Federal Reserve's latest interest rate increase has been harmful to the balance sheets of small regional banks and has impacted their ability to lend, according to the National Association of Realtors.
Ocean-view homes in these California cities among most expensive in US: report
Eight of the ten most expensive areas in the U.S. with a beach view are in California, the analysis found.
Best California cities for budget-friendly homebuyers
Real estate experts said while home prices in these cities have increased, they're still considerably lower than the average home price in major cities like Los Angeles, where the average price there is over $900,000, according to Zillow.
Biden administration approves $42B in student loan forgiveness under updated PSLF program
The Department of Education has approved $42 billion in student loan forgiveness through recent changes to the PSLF program, designed to provide debt relief to borrowers in the non-profit, public service and governmental fields.
Today's mortgage rates begin to rise, but 15-year terms are still low | May 15, 2023
Check out the mortgage rates for May 15, 2023, which are trending up from Friday.
Federal student loan repayments to restart, education secretary confirms
'We're preparing our borrowers to restart" federal student loan repayments, Education Secretary Miguel Cardona says.
Gov. Newsom says state’s budget deficit has grown to nearly $32 billion
Newsom said the state’s challenges are partly due to high inflation and a decision to let most people delay filing their taxes because of a series of winter storms.
Budget deficit at $32B, Newsom says
California Governor Gavin Newsom said the state?s challenges are partly due to high inflation and a decision to let most people delay filing their taxes because of a series of winter storms.
Mortgage rates dip on positive inflation data: Freddie Mac
The average rate for a 30-year fixed-rate mortgage dropped to 6.35% for the week ending May 11, according to Freddie Mac's Primary Mortgage Market Survey.
Gas prices decrease amid market uncertainty: AAA
Average gas prices dipped to $3.53 per gallon for the week ending May 11, 2023, AAA reported. The low cost of oil has kept gas prices on the decline despite a rise in gas demand, AAA said.
Today's best mortgage deal? 15-year terms at lowest rate since last week | May 12, 2023
Check out mortgage rates for May 12, 2023, which are trending down from yesterday.
Today's mortgage rates fall, keeping 15-year terms as the day's lowest | May 11, 2023
Check out the mortgage rates for May 11, 2023, which are trending down from yesterday.
$12M California Lottery tickets purchased at these stores
Three California Lottery players are $12 million richer.
Today's best mortgage deal? 15-year terms maintain highest savings | May 10, 2023
Check out the mortgage rates for May 10, 2023, which are mixed from yesterday.
Auto insurers plan further rate increases this year – Here's how you can get costs under control
Progressive and Allstate have already signaled that they plan to keep increasing their auto insurance rates this year.
Today's best mortgage deal? 15-year terms are still below 6 percent | May 9, 2023
Check out the mortgage rates for May 9, 2023, which are trending up from yesterday.
$3.2M Powerball ticket sold in Southern California
A lucky California Lottery player who purchased a ticket in San Diego County is 3 million dollars richer after matching five numbers in the latest Powerball drawing.
Inflation and interest rate hikes are negatively impacting Americans' financial well-being: survey
Inflation and interest rate hikes have negatively impacted Americans' financial well-being and many have made no progress in saving for retirement or building emergency funds, according to a survey by Morning Consult. Here’s what you need to know.
Gas prices drop amid recession fears, pre-summer lull: AAA
Gas prices decreased last week, but rising interest rates have raised concerns of a recession, according to AAA.
Today's mortgage rates inch up, but 10- and 15-year terms stay below 6 percent | May 8, 2023
Check out the mortgage rates for May 8, 2023, which are largely trending up from Friday.