CFPB reports ‘significant’ drop in mortgage applications, originations in 2023 A new CFPB report analyzing HMDA data found sharp decreases in mortgage activity, tied to higher interest rates, from 2022 to 2023. 12/13/2024 - 6:42 am | View Link
Economists’ 2025 housing market forecasts largely call for mortgage rates to stay above 6% next year Home shoppers hoping for more attractive mortgage rates next year may be disappointed. That’s the takeaway from several economists’ 2025 housing forecasts. 12/13/2024 - 4:46 am | View Link
30-Year Mortgage Rates Show Biggest One-Day Increase in 4 Weeks After recently notching a 7-week low, 30-year mortgage rates had their biggest surge since mid-November. Rate movement was mixed across other loan types. 12/13/2024 - 2:58 am | View Link
Average rate on 30-year mortgage hits 6.6%, its third straight weekly decline The average rate on a 30-year mortgage in the U.S. has eased for the third week in a row. That's a welcome trend for prospective homebuyers during what’s typically a less competitive time of the year ... 12/12/2024 - 9:28 am | View Link
Average rate on 30-year mortgage hits 6.6%, its lowest level since late October and the third straight weekly decline Average rate on 30-year mortgage hits 6.6%, its lowest level since late October and the third straight weekly decline ... 12/12/2024 - 4:18 am | View Link
Every year I devote a column to meaningful gifts for children of all ages — gifts that might grow in value or spark an interest in financial matters, or just be a relief from the online games that take up so much of their time.
529 college savings plans
In a recent column, which can be found at my website, TerrySavage.com, I detailed the importance of opening a 529 college savings account for children or grandchildren, and making regular contributions at holidays or birthdays.
Q: My 2023 GV80 has a lot of bells and whistles and one of them is the engine turning off at stop lights to save gas. I noticed that the feature had stopped working so I took the vehicle back to the dealership. Two hours after my appointment time, it was returned to me with the statement that there was no error code and there were many things that could affect that feature from operating correctly.
Tesla is recalling almost 700,000 vehicles because of an issue with the warning light on the tire pressure monitoring system.
According to a letter Thursday from the National Highway Traffic Safety Administration, the recall includes certain 2024 Cybertruck, 2017-2025 Model 3, and 2020-2025 Model Y vehicles.
The issue is that the tire pressure monitoring system warning light on the vehicles may not remain illuminated between drive cycles, failing to warn the driver of low tire pressure.