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Survey: Nearly 71% Say Back-to-School Expenses Are a Challenge 07/18/2023 08:00pm • An early July survey by U.S. News & World Report shows that almost three-quarters of Americans expect the costs of sending kids back to school this year to be a challenge. And 11.9% say they have no idea how they'll pay for school expenses. What Americans Plan to Spend on School ExpensesU.S. New Americans bump up spending in June as inflation eases in a strong jobs market 07/18/2023 04:10pm • NEW YORK (AP) — Americans increased their spending last month as inflation eased in many areas, and the job market remained remarkably strong. Retail sales rose 0.2% from May to June, following a revised 0.5% increase the previous month, the Commerce Department reported Tuesday. The figure match Greater Mid-Atlantic News Digest 1 p.m. 07/18/2023 01:17pm • Here’s a look at how AP’s general news coverage is shaping up for select stories. For up-to-the minute information on AP’s complete coverage of North Carolina, South Carolina, Virginia, Maryland and Delaware, and the rest of the world, visit Coverage Plan at newsroom.ap.org Questions about cov Bank of America 2Q net income jumps 19%, extending the rally for big banks 07/18/2023 12:24pm • Bank of America said its profits grew 19% in its most recent quarter, the latest of the big banks to see its bottom line boosted by higher interest rates. The nation’s second-largest bank by assets said Tuesday that it posted a profit of $7.4 billion in the three months ended June 30, up from $6. As UK housing costs soar, anxiety grips homeowners and renters: 'I'm in meltdown' 07/18/2023 02:03am • LONDON (AP) — For Sadie James, the cost-of-living crisis in Britain just never seems to ease. First, it was skyrocketing energy and food costs stemming from Russia's invasion of Ukraine. Now, the 61-year-old worries whether she can keep a roof over her head. James, who lives in south London, has Can I Borrow Money With a 500 Credit Score? 07/17/2023 08:00pm • Securing a loan with a 500 credit score may be challenging, but that doesn't mean every lending door is closed. Though more difficult, borrowing money is possible even with a low credit score. Before you make a move, know your loan options for a 500 credit score, how your credit score will affect in How to Write a Letter of Explanation for a Mortgage 07/17/2023 08:00pm • If your credit report has any negative history, or if there is something in your mortgage application that requires more information, a lender may ask you to submit a "letter of explanation." This isn't a cause for panic. You can consider the letter request as an opportunity to clarify something tha The Student Loan Payment Pause Is Ending: 7 Things to Do 07/17/2023 08:00pm • Borrowers are set to resume payments on their federal student loans Sept. 1 after more than three years of forbearance that began during the COVID-19 pandemic. The end of the payment pause comes after the Supreme Court struck down the Biden Administration's plan to forgive up to $20,000 for some of How to build wealth in your 20s and 30s 07/17/2023 08:00pm • It may feel challenging to build wealth in your 20s and 30s when you're starting your first job and paying your first bills. But the decisions you make and the habits you form when you're starting out can make a big difference in your financial future. Even if you don't have a lot of money to sav 7 Industrial REITs to Buy Now 07/17/2023 08:00pm • Are you interested in real estate investment trusts, or REITs, but concerned about commercial office properties suffering from a continued remote-work trend? A viable alternative may be industrial REITs, which are seeing steady demand due to the continued popularity of e-commerce. "Industrial is jus In California's wide-open Senate race, Rep. Adam Schiff builds big fundraising edge 07/17/2023 05:42pm • LOS ANGELES (AP) — The crowded 2024 contest to fill the seat of retiring Democratic U.S. Sen. Dianne Feinstein is considered wide open, but U.S. Rep. Adam Schiff has built a substantial fundraising edge over his chief rivals, federal records showed Monday. Schiff, a Southern California Democrat wh Nonconforming mortgage rates reach 12-year high 07/17/2023 10:00am • The average rate for a jumbo mortgage loan has climbed to 7.04%, which is the country's highest in at least 12 years. Nonconforming loans are those that exceed limits for mortgages backed by federal companies Fannie Mae and Freddie Mac. In the D.C. metro area and other high-cost areas, that cutof 1 in 3 DC consumers say their debt is highest ever (How not to deal with it) 07/17/2023 09:50am • Borrowing costs are at record highs and for consumers carrying debt, that adds to the burden, especially when they're carrying more than ever. A Northwestern Mutual survey found that 32% of D.C.-area consumers said they are carrying close to their highest level of debt ever right now, with credit How to Find a Fixed-Rate Credit Card 07/16/2023 08:00pm • If you carry a credit card balance and can get a low interest rate, you might consider getting a fixed-rate card. But fixed-rate credit cards can be difficult to find and may come with drawbacks. Here's a look at whether these cards might be a good option for you. What Are Fixed-Rate Credit Cards?Mo 5 Costly Debt Consolidation Mistakes -- and How to Avoid Them 07/16/2023 08:00pm • Debt consolidation can help you save money on interest and get out of debt faster, but it doesn't always work as planned. In a recent U.S. News survey of consumers who have borrowed a debt consolidation loan, more than a third regret doing so. Nearly as many say their finances haven't improved since