Mortgage rates fell again last week, and while the drop wasn’t huge, it was enough to spur current homeowners to look for some savings. The surge in refinances was behind a 5.4% increase in total mortgage demand compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The average contract interest
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Tal Alexander (L) and Oren Alexander (R). Getty Images Federal prosecutors accused top real estate agents Tal and Oren Alexander and their brother, Alon, of drugging and raping “dozens of victims” over more than a decade. The brothers were arrested in Miami Wednesday on sex trafficking charges related to the alleged assaults. They face charges of
Sdi Productions | E+ | Getty Images A number of factors can get your mortgage application denied. So-called “unverifiable income” is one of them. Mortgage lenders want to know if you’re financially capable of paying back the loan. One way they’ll do that is by requesting documents like your federal income tax returns, W-2 and
Rice–Eccles Stadium, an outdoor college football venue at the University of Utah in Salt Lake City, stands against a stunning mountain backdrop. University of Utah This article is part of CNBC’s Cities of Success series, which explores cities that have transformed into business hubs with an entrepreneurial spirit and attracted capital, companies and employees. The
In this article ORCL Follow your favorite stocksCREATE FREE ACCOUNT Oracle chairman and chief technology officer Larry Ellison speaks at the Oracle OpenWorld conference in San Francisco on Sept. 16, 2019. Justin Sullivan | Getty Images News | Getty Images Oracle shares slid in extended trading on Monday after the database software company reported fiscal
In this article AMZN Follow your favorite stocksCREATE FREE ACCOUNT Sasan Goodarzi, president and CEO of Intuit Inc. and Andy Jassy, CEO of Amazon. David Paul Morris | Bloomberg | Getty Images Amazon has for years counted on millions of third-party sellers to provide the bulk of the inventory that consumers buy daily. But keeping
Srdjanpav | E+ | Getty Images If you are considering a year-end Roth individual retirement account conversion, you’ll need to plan for an upfront tax bill. Roth conversions move pretax or nondeductible IRA funds to a Roth IRA, which can kick-start tax-free growth. It’s a popular strategy among investors with large pretax balances, particularly in
Rudi_suardi | E+ | Getty Images The U.S. job market has been stagnant of late, a dynamic that contains both good and bad news for U.S. workers. On the one hand, businesses are holding on to their existing workforce, meaning employees are unlikely to lose their jobs, economists said. But it also may be hard
Treasury Secretary Janet Yellen following a tour of the Financial Crimes Enforcement Network (FinCEN) in Vienna, Virginia, on Jan. 8, 2024. Valerie Plesch/Bloomberg via Getty Images Small businesses and their owners could face penalties of $10,000 or more if they don’t comply with a new U.S. Treasury Department reporting requirement by year’s end — and
After the deadly collapse of a 12-story condominium tower in the Surfside suburb of Miami, Florida, in 2021, state lawmakers implemented new requirements for older condominiums. Buildings at least 30 years old, like the Champlain tower that fell, have to undergo special inspections, make repairs and gather reserve funds for future maintenance. The deadline is
Former Representative Billy Long, a Republican from Missouri, speaks during a campaign event for former US President Donald Trump at Simpson College in Indianola, Iowa, US, on Sunday, Jan. 14, 2024. Al Drago | Bloomberg | Getty Images President-elect Donald Trump has tapped former Missouri congressman Billy Long to lead the IRS, which has triggered
A Chevron gas station in Richmond, California, US, on Wednesday, June 19, 2024. David Paul Morris | Bloomberg | Getty Images Adding dividend-paying stocks to a portfolio helps enhance total return while ensuring income and diversification. Moreover, the appeal of dividend stocks increases as interest rates decline, as is currently the case. Following the recommendations
PANTONE 17-1230 Mocha Mousse, Color of the Year 2025. Courtesy: Pantone “Mocha Mousse” was dubbed 2025’s color of the year, according to the Pantone Color Institute, which it described as “a warming, brown hue imbued with richness.” Leatrice Eiseman, executive director Pantone Color Institute, described the shade as “sophisticated and lush, yet at the same
Miniseries | E+ | Getty Images Housing is not cheap — whether you’re buying or renting. In October, the median sales price for a single-family home in the U.S. was $437,300, up from $426,800 a month prior, according to the latest data by the U.S. Census. Meanwhile, the median rent price in the U.S. was
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In this article FIS Follow your favorite stocksCREATE FREE ACCOUNT As the markets tested record highs, retirement savers reaped the benefits. The average 401(k) plan balance ended the third quarter up 23% from a year earlier, at $132,300 — the highest average on record, according to a new report by Fidelity, the nation’s largest provider of
In this article NVDA INTC AMD AVGO 2330-TW QCOM Follow your favorite stocksCREATE FREE ACCOUNT BlackRock expects infrastructure and cybersecurity plays to shine in 2025. Jay Jacobs, the firm’s U.S. head of thematic and active ETFs, cites the artificial intelligence boom as a major catalyst. “It’s still very early in the AI adoption cycle,” he
In this article HTA Follow your favorite stocksCREATE FREE ACCOUNT Healthcare Realty Trust building in in Nashville, Tennessee. Source: Google Maps Company: Healthcare Realty Trust (HR) Business: Healthcare Realty Trust is a self-managed and self-administered real estate investment trust that owns and operates medical outpatient buildings primarily located around hospital campuses. The company selectively grows
A driver for an independent contractor to FedEx delivers packages on Cyber Monday in New York, US, on Monday, Nov. 27, 2023. Stephanie Keith | Bloomberg | Getty Images Holiday shopping is expected to reach record levels this year. But a growing share of those purchases will be sent back. Returns in 2024 are expected to
Traders react after the closing bell on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., December 13, 2023. Brendan Mcdermid | Reuters However you feel about the world these days, you’re likely happy with the stock market. The S&P 500 is up nearly 30% this year so far. But
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