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Mortgage Rates Rise, Pushing Housing Payments to New Heights 06/15/2023 08:00pm • Mortgage rates inched slightly higher this week, with the average 30-year fixed rate increasing to 7.14%. Most fixed and adjustable rates stayed about the same as the prior week or crept upward by a few basis points. Here are the current mortgage rates, without discount points unless otherwise noted The History of Credit Cards 06/15/2023 08:00pm • Credit cards are such a ubiquitous part of our daily financial life that it's hard to imagine a time before they existed. The number of credit card accounts in 2022 in the U.S. was nearly 530 million, up about 32 million from the previous year, according to the most recent Experian data. Furthermore Amazon���s HQ2 officially opens in Arlington, Va. 06/15/2023 03:46pm • It���s the not the glass helix yet ��� but the first phase of Amazon���s HQ2, which opened Thursday in Arlington, is made up of two, 22-floor, glass towers and a 2.5-acre park. The complex at Metropolitan Park in Pentagon City includes 2.1 million square feet of office space and 50,000 square fee European Central Bank hikes rates again and vows more after US Fed hits pause 06/15/2023 03:40pm • FRANKFURT, Germany (AP) ��� The European Central Bank pressed ahead with another interest rate hike Thursday and made clear more are on the way, aiming to crush inflation that is driving up the cost of groceries even after the U.S. Federal Reserve took a break from its own string of increases. The q Donor nations commit $10.3 billion for millions of Syrians at home and as refugees abroad 06/15/2023 01:09pm • BRUSSELS (AP) ��� International donors said Thursday they would commit $10.3 billion in aid for millions of Syrians battered by war, poverty, and hunger, both at home and as refugees abroad. The pledges by 57 nations and 30 international organizations at an annual European Union-hosted conference i Average long-term US mortgage rate falls to 6.69%, second straight drop since climbing to 2023 high 06/15/2023 12:26pm • The average long-term U.S. mortgage rate fell again this week, positive news for potential homebuyers after rates reached their highest level since November earlier this month. Mortgage buyer Freddie Mac said Thursday that the average rate on the benchmark 30-year home loan slipped to 6.69% from 6.7 Zimbabwe reports record tobacco sales, mostly to China, yet many farmers deep in debt 06/15/2023 10:59am • HARARE, Zimbabwe (AP) ��� Zimbabwe has reported record tobacco sales as the southern African nation reestablishes itself as one of the leading growers in the world, and yet the small-scale Black farmers now selling their crop mostly to China are ���heavily indebted��� and seeing "minimal" benefits, Shedding equity: Housing slowdown leads to first annual drop in US homeowner equity since 2012 06/15/2023 09:33am • LOS ANGELES (AP) ��� For the first time in more than a decade, the average U.S. homeowner with a mortgage has less home equity than they did a year earlier. Among the roughly 63% of U.S. homes with a mortgage, average homeowner equity per borrower was $274,070 in the first quarter, down 1.9% from th Fed Chair Powell sees progress on inflation, though not quickly enough 06/15/2023 12:01am • WASHINGTON (AP) ��� Inflation may be cooling ��� just not yet fast enough for the Federal Reserve. Chair Jerome Powell offered a nuanced view Wednesday of how the Fed intends to address its core challenge at a time when inflation is both way below its peak but still well above the central bank's 2% Stock market today: Asia shares rise as Fed holds rates steady while hinting of hikes ahead 06/14/2023 11:49pm • TOKYO (AP) ��� Asian shares were mostly higher Thursday after the U.S. Federal Reserve held interest rates steady. Data from China showed consumer and factory activity weakened in May and record-breaking unemployment among young people in cities rose as an economic rebound following the end of anti What Are Crypto Loans? 06/14/2023 08:00pm • Cryptocurrency enthusiasts are often encouraged to hold on to their crypto holdings for the long haul. But if you need money, you might consider cashing in some of your cryptocurrency to cover a major or unexpected expense. Depending on how much you need, you may be able to use your cryptocurrency a How to Rebuild Your Credit After a Missed Credit Card Payment 06/14/2023 08:00pm • If you've missed your credit card payment deadline by a day or two, don't panic. A lapse of just a couple of days won't affect your credit score. You might even be able to get your credit card issuer to waive your late fee if you've been consistently on time with payments. But if it's been 30 or eve 8 Best Fintech Stocks to Buy in 2023 06/14/2023 08:00pm • When the definitive list of late-2010s buzzwords is written, "fintech" deserves a place on the list. This merging of finance and technology attracted $42 billion in global venture capital in 2020, according to KPMG, and sparked 20 initial public offerings in that year alone. Fintech IPOs around that 10 Secrets of Retirement Super Savers' 06/14/2023 08:00pm • By and large, super savers are people who sacrifice spending for the short term to vastly improve their long-term financial position. They save aggressively: According to a September 2022 study from Principal Financial Group, 59% of survey respondents said they planned to save more than $20,000 towa Texas court allows AG Ken Paxton's securities fraud trial to move to Houston 06/14/2023 03:19pm • AUSTIN, Texas (AP) ��� Embattled Texas Attorney General Ken Paxton's long-delayed trial on securities fraud charges from 2015 will take place in Houston, a court ruled Wednesday, dealing the Republican another setback as he awaits a separate impeachment trial. It remains unclear, however, when Paxto