The 2024 Rocket Mortgage Classic is set up for moving day on Saturday at Detroit Golf Club in Detroit. There are 75 contenders left out of the 156-player field that started Thursday, with those failing to get to 4 under par cut. Akshay Bhatia and Aaron Rai lead the field by two strokes at 13-under-par 131, and
More affordable homes are coming onto the market. In May, there were 35.2% more homes for sale than a year earlier. Every region in the U.S. saw gains in May. Mortgage rates are high, home prices are lofty and selection is slim. There isn’t much to like about the housing market, except for one small
The former CEO of Heartland Tri-State Bank in Elkhart pleaded guilty to embezzling $47 million in bank funds to funnel into a cryptocurrency scam. Shan Hanes, the former bank executive, could be sentenced to a maximum of 30 years, fined up to $1 million and be forced to pay up to $60.5 million in restitution.
Savers may want to lock in high interest rates for the long haul before they likely head lower later this year. But is 100 years too long? Concord, New Hampshire-based Walden Mutual Bank is finding out. The financial institution is offering a100-year Local Impact Certificate of Deposit (CD) paying a fixed 4.75% annual interest rate.
With inflation picking up again and highly anticipated Federal Reserve interest rate cuts delayed, it may be a good time for Americans to tweak their investment and retirement portfolios, financial advisers say. While U.S. rate cuts are on hold, the European Central Bank (ECB) suggested last week that its first rate cut could come in
This week, the Biden Administration announced a plan to cancel $7.4 billion in student loans for 277,000 borrowers. The U.S. Department of Education reports that Texans have the second-highest amount of student debt, behind Californians. 3.8 million students owe $33,400 on average. Fewer than 20% of Texas borrowers are on an income-driven repayment plan. Here’s