updated: President Joe Biden announced Wednesday the cancellation of $10,000 in student debt for borrowers earning $125,000 or less per year and households earning $250,000 a year or less. The payment freeze on student loans will also be extended through…
Life just got better for millions of student loan borrowers. President Joe Biden announced Wednesday that he will forgive $10,000 in student loan debt for borrowers who qualify and will extend the federal student loan payment pause through the end…
The central theses The average interest rate on home equity loans and lines of credit (HELOCs) was essentially flat this week. Interest rates, particularly for HELOCs, move primarily in response to Federal Reserve moves. The next Fed meeting is scheduled…
The central theses Home equity and line of credit (HELOC) rates held steady last week. The main reason for rate hikes on home equity products is the Federal Reserve, which is expected to make its next rate hike in late…
While high home prices aren’t good news for homebuyers, many existing homeowners are sitting on a goldmine of equity. By the end of the second half of 2022, the average US homeowner had $216,900 in “vulnerable equity” while still retaining…
The central theses Interest rates on home equity loans and lines of credit were basically unchanged last week. Interest rates tend to move most significantly in the wake of rate hikes by the Federal Reserve. The Fed is expected to…
The central theses Home equity interest rates were little moved and home equity line of credit (HELOC) rates were flat last week. Interest rates are expected to rise after the Federal Reserve raised its short-term benchmark interest rate this week.…
The central theses Home equity and line of credit (HELOC) interest rates are up slightly this week. The Federal Reserve raised its short-term interest rate by 75 basis points, which will push up the cost of borrowing. The Fed’s hike…
The central theses: The average interest rate on a home equity loan rose sharply this week following changes by the Federal Reserve. The Fed last week announced a third consecutive 75 basis point hike in its benchmark rate, which is…
Anxious Americans with student loans want answers from President Joe Biden. For the last two and a half years, Biden has promised millions of Americans saddled with student loans that more help is coming. But he has yet to address…