Page 8 - John Ulzheimer News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Rates are high this year, but you can still find an affordable loan. Scoring a low mortgage rate is a top priority for many potential homebuyers, as owning a home has become increasingly less attainable. According to the Mortgage Bankers Association (MBA), mortgage applications decreased 2.9% last week from the previous week, declining to their lowest level since December 1996. "Prospective buyers remain on the sidelines due to low housing inventory and elevated mortgage rates,” said Joel Kan, M

Hands down, I'm getting more calls from struggling seniors on fixed incomes who are contemplating various ways to get by.

Major U.S. department stores including Macy's and Nordstrom are flagging delays in store credit card repayments, another risk to revenues as consumers pull back from discretionary spending ahead of the crucial holiday shopping season. Macy's executives disclosed on Tuesday that rising delinquencies cut credit card revenues to $120 million in the second quarter, down $84 million from the previous quarter. While Nordstrom's credit card revenues rose 10% in the first half of this year, company executives said Tuesday that delinquencies are now above pre-pandemic levels and could ...

There may be a narrow window of time in which you can help safeguard your credit scores.

It’s not uncommon for credit card issuers to close accounts. Sometimes they do so to lessen their risk when the economy is in distress, generally as a reaction to a cardholder’s spending activity — or lack thereof.