Today’s Mortgage Rates & Trends, April 27, 2022
admin Mortgage rates fell for a second day, reaching their lowest levels in at least a week. The average on a conventional 30-year fixed mortgage fell to 5.69% from 5.75% the…
What Is Buy To Open?
Definition and Example of Buy To Open Buy to open refers to establishing a position in a derivative like an option. Specifically, it means buying an option to create your…
How Does a HELOC Work?
A home equity line of credit (HELOC) is a credit line secured by the equity you have in your home. You can borrow from it over several years and will…
Biden Might Go It Alone on Student Loan Forgiveness
That’s how few lawmakers President Joe Biden would have to persuade if he used his executive powers to broadly forgive outstanding federal student debt, a move he is now reportedly…
At These Rates, Mortgages Are Now a Much Tougher Sell
People are definitely starting to notice the recent spike in mortgage rates. A Mortgage Bankers Association index measuring the volume of US mortgage applications, both for refinancing and buying a…
What Do the Abbreviations on My Credit Report Mean?
Checking your credit report regularly is important so that you know it includes the right information—and nothing else. As you’re reading through your credit report, though, you may notice an…
What Is the Applicable Federal Rate (AFR)?
Definition of Applicable Federal Rate The IRS publishes a set of AFRs in Section 1274(d) of the Internal Revenue Code each month. They’re based on data from market yields of…
Phone Trade-In vs. Selling
For many people, a cellphone is the most important device they own. So, the prospect of upgrading your phone to a newer (or simply a different) model can be exciting.…
What You Need To Know About Stoneberry Credit
Buy now, pay later (BNPL) programs have gained significant traction over the last few years. In September 2020, various BNPL services saw an increase of 186% in monthly active users,…
What Is a Closed Economy?
Key Takeaways A closed economy is an economy that does not participate in international trade, meaning it does not import or export goods and services from another country. A closed…