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Mortgage rates' rise has led to wide gap with US bond yields 12/29/2022 04:07pm • LOS ANGELES (AP) — Economists are baffled by a wider-than-usual divergence between long-term mortgage rates and the yield on the benchmark U.S. government bond that is driving a sharp rise in borrowing costs and helping to torpedo the U.S. housing market this year. The gap, or spread, between the Biden outpacing Trump, Obama with diverse judicial nominees 12/29/2022 02:34pm • WASHINGTON (AP) — For the Biden White House, a quartet of four female judges in Colorado encapsulates its mission when it comes to the federal judiciary. Charlotte Sweeney is the first openly LGBT woman to serve on the federal bench west of the Mississippi River and has a background in workers' r Today in Sports History-Week Ahead 12/29/2022 10:00am • Jan. 3 1920 — Boston Red Sox owner Harry Frazee sells pitcher-outfielder Babe Ruth to the New York Yankees for $125,000 plus a $350,000 loan. 1931 — Nels Stewart of the Montreal Maroons scores two goals four seconds apart in the third period of a 5-3 victory over the Boston Bruins. 1946 — Geor Applications for US unemployment aid rose slightly last week 12/29/2022 09:08am • WASHINGTON (AP) — The number of people seeking unemployment benefits rose only slightly last week with the labor market remaining strong despite the Federal Reserve's efforts to cool the economy and hiring. Applications for unemployment aid for the week ending Dec. 24 climbed 9,000 to 225,000, NY Rep.-elect Santos investigated for lying about his past 12/28/2022 09:45pm • NEW YORK (AP) — U.S. Rep.-elect George Santos of New York was under investigation by Long Island prosecutors on Wednesday, after revelations surfaced that the now-embattled Republican lied about his heritage, education and professional pedigree as he campaigned for office. Despite intensifying dou Man United beats Forest 3-0, but Ten Hag wants a new striker 12/27/2022 07:03pm • MANCHESTER, England (AP) — As Erik ten Hag confirmed Manchester United's ongoing search for a new striker, his existing ones made up for Cristiano Ronaldo's departure in a 3-0 win against Nottingham Forest on Tuesday. Marcus Rashford and Anthony Martial struck first-half goals in the game at Old T ARM Borrowers Gamble Short-Term Savings on Long-Term Risk 12/27/2022 07:00pm • As fixed mortgage rates have risen sharply over the course of 2022, more homebuyers are ditching their traditional home loans for adjustable-rate mortgages. ARMs typically come with a lower initial interest rate, but that rate can change after a set period of time -- making this loan product inheren Big Changes Are Coming for 401(k)s 12/27/2022 07:00pm • The latest government omnibus spending bill includes big changes to 401(k) and other retirement plans. These provisions will have a huge impact on retirees but contain benefits for all income levels and ages. The provisions, part of a bill called the SECURE Act 2.0, basically build on changes approv 10 of the Best-Performing 401(k) Funds 12/27/2022 07:00pm • The 401(k) is a go-to retirement savings vehicle, and these funds can help focus your strategy.When selecting funds for your 401(k), simple is usually better. Actively managed funds with complicated investment strategies often underperform index funds over the long term, and they'll charge you more 10 Best Upcoming IPOs to Watch in 2023 12/27/2022 07:00pm • Look for these names to hit public markets in 2023.The year 2022 wasn't exactly a banner one for U.S. initial public offerings, with 178 IPOs as of Dec. 26. That's down from 1,035 IPOs in 2021 - an 83% drop. That decline also poured cold water on total IPO cash values, which stand at $7.7 billion so States banking big bucks as Fed attempts to fight inflation 12/27/2022 01:28pm • JEFFERSON CITY, Mo. (AP) — State governments emerging from the coronavirus pandemic built historic cash surpluses as inflation in prices and wages drove up sales and income tax collections. Now many states are reaping another reward: banking millions of dollars off those surpluses as the Federal Millennial Money: 5 ways to build your credit score in 2023 12/27/2022 07:00am • You’ve got big financial plans for 2023. Maybe they include buying a home or car, or getting a new travel rewards credit card to help pay for your next trip. There’s a key piece of these plans you may not have considered: building your credit score. A better credit score can expand your access t Mortgage Rates Fall in Belated Gift to Holiday Homebuyers 12/26/2022 07:00pm • Mortgage rates declined this week, with the average rate on the 30-year fixed mortgage falling from 6.77% a week ago to 6.65%. Interest rates declined across all fixed-rate home loan products, while adjustable mortgage rates stayed about the same. Here are the current average mortgage rates, without Federal Student Loan Delinquency and Default: What to Know 12/26/2022 07:00pm • Delinquency paves the way to default when it comes to repaying student loans, and millions of Americans who borrowed to fund their postsecondary education find themselves on that problematic path each year. About 15% of all individual student loans are in default at any given time, with more than a Complete Timeline of the Mortgage Process 12/26/2022 07:00pm • Each mortgage runs on its own timeline, but from start to finish, you might need about three to five months to secure a property and a home loan. This process can be complex and confusing, especially if you're a first-time homebuyer. Here's what the mortgage timeline usually involves, keeping in min