Home prices increased 70 percent more than rent costs: study

Home prices have exceeded what Americans pay for rent in most major cities, according to one report. But, there are still places where you can save by purchasing a home. Here’s what you need to know.

Fewer homes are selling, but they're selling fast: Redfin

Despite low inventory, the homes for sale are selling at a fast pace, according to a report by Redfin. Here’s what you need to know.

Legislative bill seeks to make expanded child tax credit permanent

House Democrats recently introduced the American Family Act of 2023, legislation that seeks to restore the expanded, monthly Child Tax Credit to parents across the U.S.

CFPB warns about side effects of using medical credit cards, loans

Alternative debt financing products like medical credit cards and medical installment loans can weaken consumers' financial well-being, the CFPB warned in a recent report.

Student loan payments will resume in October, Education Department confirms

Federal student loan payments are set to resume in October, while interest on loan debt will begin once again in September, the Education Department clarified.

Financial professionals recommend investing your bonus in your 401(k): survey

Most financial professionals recommend you contribute your bonuses to your 401(k). But many Americans don’t get bonuses or have 401(k)s. Here’s what you can do.

Gas prices hold steady despite surge in demand for domestic gasoline: AAA

Gas prices decreased slightly for the week ending June 8, AAA said. Despite an increase in gasoline demand, fluctuating oil prices have limited increases at the pump.

More college students are putting their education on hold: reports

The population of Some College, No Credential (SCNC) students has increased and many cited college costs as major challenges, according to recent studies. Here’s what you need to know.

Congress votes to kill Biden's student loan forgiveness plan

Congress passed Republican-sponsored legislation proposing to revoke President Joe Biden's cancellation plan and prevent the U.S. Department of Education from canceling student loans.

Homebuyers are finding better deals in these cities, survey says

Roughly 25% of home searchers looked to relocate to a new metro in the first quarter, according to a Redfin survey. But they may start seeing an uptick in inventory as sellers enter the housing market.

Mortgage rates rise as debt limit impasse lingers: Freddie Mac

The average rate for a 30-year fixed-rate mortgage increased to 6.57% for the week ending May 25, according to Freddie Mac's Primary Mortgage Market Survey.

Behind on your retirement savings? Here's one feature that can help workers catch-up

Automatic enrollment into a workplace savings plan could help close the gap for Black and Latino employees that might otherwise have lower plan participation rates, according to a recent Voya Financial study