Feds raise key interest rate to highest level in 16 years
The Federal Reserve reinforced its fight against high inflation Wednesday by raising its key interest rate by a quarter-point to the highest level in 16 years.
Here’s why consumers' credit scores got a boost in March: Report
Consumer credit scores increased from last year to an average of 701, and the percentage of consumers scored in the subprime credit
Applications open through June for Austin Ed Fund grant program
Up to $2,500 will be awarded for projects impacting individual classrooms and up to $10,000 will be awarded for collaborative project with a team- or campus-wide impact.
Today's biggest mortgage rate decrease? 30-year terms plummet | May 3, 2023
Check out the mortgage rates for May 3, 2023, which are trending down from yesterday.
Central Texans have a couple of weeks left to protest their property's tax assessment
House Bill 2 would tighten up the cap on yearly assessments. Senate Bill 3 would raise the state’s homestead exemption — the amount of a home’s value that can’t be taxed by school districts.
AOC, Matt Gaetz unite to introduce lawmaker stock trading ban
Members of Congress and their families are frequently accused of illegal trading practices, allegedly using their knowledge of upcoming legislation to make informed decisions on the stock market.
Today's mortgage rates are rising, but 15-year terms are below 6 percent | May 2, 2023
Check out the mortgage rates for May 2, 2023, which are trending up from yesterday.
Bank deposits fell by more than $76 billion
Bank deposits fell by $76.2 billion in April, following the highly publicized closures of Silicon Valley Bank (SVB) and other tech-focused financial institutions. Moreover, high interest rates continue to put pressure on both banks and consumers.
Biden asks student loan companies to prepare for end to payment pause
The Education Department has notified student loan servicers to prepare for an end to the COVID-19 student loan payment pause.
Today's best mortgage deal? Back to 15-year terms | May 1, 2023
Check out the mortgage rates for May 1, 2023, which are mixed from Friday.
First Republic Bank seized by regulators, sold to JPMorgan Chase
San Francisco-based First Republic is the third midsize bank to fail in two months and is the second-biggest bank failure in U.S. history.
Former Apple employee ordered to serve jail time, pay restitution for fleecing the company
Dhirendra Prasad’s sentencing for two charges — conspiracy to commit mail fraud and wire fraud and conspiracy to defraud the U.S. — stemmed from an alleged plot that lost Apple over $17 million.
73% of American Millennials living paycheck-to-paycheck, financial report shows
Faced with high prices and interest rates, consumers have begun reining in their spending.
Gas prices dip, offering consumers some relief at the pump: AAA
The national average cost for a gallon of gas dropped by five cents from last week to $3.68, reflecting a dip in oil prices, AAA said.
Silicon Valley Bank failure: Fed partly blames itself for collapse
Silicon Valley Bank failed due to a combination of extremely poor bank management, weakened regulations and lax government supervision, the Federal Reserve said Friday, in a highly-anticipated review of how the central bank failed to properly supervise the bank before it collapsed early last month.
Today's best mortgage deal? Back to 15-year terms | April 28, 2023
Check out the mortgage rates for April 28, 2023, which are trending up from yesterday.
Texas tax preparer gets prison time for helping file false tax returns
The IRS says she claimed false education credits, dependents and business profits or losses to inflate her clients' tax refunds.
The Fed is expected to raise interest rates again in May: Economists
The Fed is expected to raise interest rates by 25 basis points again in May, according to a poll of economists. This is what you need to know.
Today's best mortgage deal? Rates for 10-year terms | April 27, 2023
Check out the mortgage rates for April 27, 2023, which are mixed from yesterday.
Engagement ring sales fall sharply – blame COVID, jewelry giant says
Pandemic lockdowns ended many early relationships and led to a dramatic decline in dating overall, resulting in “the engagement gap that we’re still seeing today," industry executives said.