Latest Personal finance News
Average rate on a 30-year mortgage eased this week to 6.86%, lowest level since early April
LOS ANGELES (AP) — The average rate on a 30-year mortgage eased again this week, extending a welcome trend for prospective homebuyers facing record-high home prices. The rate fell to 6.86% from 6.87% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged...
Starting your first post-graduation job? Here’s how to organize your finances
NEW YORK (AP) — With graduation season over, many college grads are embarking on summer internships or their first full-time jobs. Navigating your finances when you start adult life can be challenging, from understanding your health insurance and benefits to managing a budget. ...
Massachusetts Senate approves bill to expand reliance on renewable energy
BOSTON (AP) — The Massachusetts Senate approved a bill Tuesday aimed at expanding the adoption of renewable energy in a bid to help Massachusetts meet its climate goals, including reaching net zero greenhouse gas emissions by 2050. Supporters say the proposal will help lower...
Editorial Roundup: New York
New York Post. June 12, 2024. Editorial: New York is about to make its high school diplomas worse than useless The State Education Department just announced that it plans to make the value of a New York high school diploma worthless. Parents should be...
Credit card delinquencies are rising. Here's what to do if you're at risk
NEW YORK (AP) — Seriously overdue credit card debt is at the highest level in more than a decade, and people 35 and under are struggling more than other age groups to pay their bills. The share of credit card debt that’s severely delinquent, defined as being more than 90 days...
Borrowers, especially the young, struggle with credit card debt in potentially bad sign for economy
NEW YORK (AP) — Consumers are increasingly struggling to pay their credit card bills, raising concerns about severe delinquencies spiraling and sapping consumer spending. The share of credit card debt that's more than 90 days overdue rose to 10.7% during the first quarter, a...
Governor halts plan to charge most drivers entering Manhattan $15 for transit and traffic fixes
NEW YORK (AP) — New York Gov. Kathy Hochul halted a plan to charge most motorists $15 to enter the core of Manhattan, upending the nation’s first “congestion pricing” system on Wednesday just weeks before it was set to launch. The announcement dealt a stunning blow to a...
US economic growth last quarter is revised down from 1.6% rate to 1.3%, but consumers kept spending
WASHINGTON (AP) — The U.S. economy grew at a sluggish 1.3% annual pace from January through March, the weakest quarterly rate since the spring of 2022, the government said Thursday in a downgrade from its previous estimate. Consumer spending rose but at a slower pace than previously thought, a...
The Fed indicated rates will remain higher for longer. What does that mean for you?
NEW YORK (AP) — Mortgage rates, credit card rates, auto loan rates, and business loans with variable rates will all likely maintain their highs, with consequences for consumer spending, after the Federal Reserve indicated Wednesday that it doesn’t plan to cut interest rates until it has...
More people make 'no-buy year' pledges as overspending or climate worries catch up with them
NEW YORK (AP) — A 35-year-old Brooklyn resident gave up buying new clothes. A 22-year old in San Diego swore off retail therapy at Target. A 26-year old in England banned carbonated drinks from her shopping list. These three women, who don’t know each other, all started the year...
