Consumer borrowing costs are headed higher.
Much higher.
With the Federal Reserve set to raise its key short-term interest rate by a quarter percentage point Wednesday, Americans will soon see higher rates on everything from credit cards to mortgages.
The good news: Consumers will also finally see rates rise from measly levels on at least some bank savings accounts and CDs.
The campaign debuted today with a new commercial and will continue through early 2027. Continue Reading Rocket Mortgage Debuts Campaign Aimed at High-Interest Credit Card Debt
Zillow Group (NASDAQ: Z, ZG) has announced plans to lay off more than 500 employees. In a corporate blog post, CEO Jeremy Wacksman claimed the company was “grateful to every person who is leaving and we’re supporting them through this transition.” However, Wacksman...
The national median single-family existing-home price rose 1.5% year-over-year to $434,900, up from 0.5% annual growth in the first quarter. Continue Reading Q2 Home Prices Up in 80% of Metro Markets
“A municipality is not in and of itself a sovereign,” wrote Judge Melissa R. DuBose. Continue Reading Judge Blocks Rhode Island Town’s Eminent Domain Seizure of Land Slated for Affordable Housing
Fatima Batie’s email informed the agency’s staff to conduct their duties in “friendly reminder…to be careful.” Continue Reading CFPB’s Chief Examiner Warns Staff of ‘Unpleasant Consequences’ from Aggressive Oversight of Financial Firms
The state commissioners have until Sept. 8 to evaluate the petition. Continue Reading California Builders Seek to Drop Endangered Status for Swainson’s Hawk
Mortgage Application Activity Ended July with a Whimper
Bail Revoked for San Francisco Real Estate Investor Who Evaded a Bench Warr…
Watchdog Group Criticizes Mamdani’s Housing Video as Taxpayer-Funded …
Maui Realtors Award Scholarships to 39 Students
Merritt Properties Breaks Ground on First Phase of Virginia Business Park
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