Apr 1: Update on cost of living; A temporary drop in energy prices; Shares of auto lenders are rising

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Starmer to improve on the cost of living Sir Keir Starmer is expected to provide information on the cost of living amid concerns about the number of energy bills that could rise as a result of the conflict in the Middle East. The prime minister is due to address a press conference later on Wednesday … Read more

While low-income consumers struggle with rising gas prices, high-income earners panic when markets drop

While low-income consumers struggle with rising gas prices, high-income earners panic when markets drop

High oil prices due to the US-Iran war are straining already strapped low-income consumers. But as rates fall, there is a sign that high earners are also starting to feel the heat. Internal data from Bank of America on credit and debit card usage revealed that from the start of the war through March 21, … Read more

When will mortgage rates drop to 4% again?

When will mortgage rates drop to 4% again?

While interest rates may not fall to 3% again, what about 4%? Even before the COVID-19 pandemic, rates stood at or below 4%. Currently, rates are rising in the mid- to mid-6% range. And while there are many factors to consider when considering buying a home, getting a low-interest mortgage can save you a lot … Read more