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How a Gap Year Prepares Students for College 11/28/2022 07:00pm • While many students head directly to college after graduating from high school, a smaller cohort chooses an alternative: a gap year. What may have previously been seen as an unconventional path has become more accepted in recent years, particularly since the COVID-19 pandemic. When colleges either s Mortgage Rates Fall Slightly Ahead of Thanksgiving 11/28/2022 07:00pm • Mortgage rates dipped across most loan terms this week, with the average fixed interest rate on a 30-year mortgage retreating further below 7%. While rates generally fell for conventional mortgage loans, they rose slightly for FHA and VA loans. Here are the current average mortgage rates, without di More than 150 agents back striking HarperCollins workers 11/28/2022 05:06pm • NEW YORK (AP) — More than 150 literary agents, whose clients include Danielle Jackson, V.E. Schwab and L.A. Chandlar, have signed an open letter to HarperCollins vowing to “omit” the publisher from upcoming book submissions until it reaches an agreement with striking employees. Around 250 ent Monday's Transactions, Writethru 11/28/2022 05:00pm • BASEBALL Major League Baseball American League 5Qs with Shulman Rogers’ Michael Lichtenstein: Business bankruptcy’s recovery goals explained 11/28/2022 04:37pm • Bankruptcy lawyers get a bad rap, rather akin to how people respond when someone says they work for the IRS. In reality, most commercial bankruptcy work focuses on trying to put a business back on the path to success, points out Michael Lichtenstein, chair of the Bankruptcy Restructuring and Cred 2 Fed officials favor keeping key rate at peak through 2023 11/28/2022 04:17pm • WASHINGTON (AP) — Two Federal Reserve officials said Monday that they favor raising the Fed's key rate to roughly 5% or more and keeping it at its peak through next year — longer than many on Wall Street have expected. John Williams, president of the Federal Reserve Bank of New York, who is a BlockFi files for bankruptcy, latest crypto company to fail 11/28/2022 04:16pm • Cryptocurrency lender BlockFi filed for Chapter 11 bankruptcy protection Monday, the latest casualty of the collapse of crypto exchange FTX. New Jersey-based BlockFi had been struggling for much of this year but was given a lifeline this summer in the form of an FTX line of credit. FTX's own bankrup Monday's Transactions 11/28/2022 02:59pm • BASEBALL Major League Baseball American League Editorial Roundup: United States 11/28/2022 02:25pm • Excerpts from recent editorials in the United States and abroad: Nov. 23 The Washington Post on regaining trust in the ethics of the U.S. Supreme Court Once again, the Supreme Court is finding its ethics under scrutiny. Last week, Justice Clarence Thomas declined to recuse himself in a case involvin Industry forecast: Mortgage rates will come down next year 11/28/2022 09:14am • Unless a homebuyer kicks up the down payment significantly, higher mortgage rates mean bigger monthly mortgage payments. And the average monthly mortgage payment has really risen quite dramatically this year. More Business News More Real Estate News More Local News "The med Latest twist in the DC housing market: More price cuts 11/28/2022 08:41am • Selling a home in the D.C. area is no longer a slam dunk. Zillow reports almost 30% of listings in the D.C. area on the market in October had lowered their price at least once. More sales are falling through as well. Redfin said a record 17.9% of contracts in October were canceled. Sellers do Kimberly Palmer: Holiday survival tips from 5 financial pros 11/28/2022 08:38am • For Ryan Decker, surviving the holiday shopping season is all about planning ahead. In fact, if he sees a gift for one of his two young sons in March, he’ll go ahead and buy it, instead of rushing through his shopping list in December. “It very much eases the burden,” he says, making his De Federal Student Loan Deferment vs. Forbearance: What's the Difference? 11/27/2022 07:00pm • Deferment and forbearance are options for qualifying borrowers who want to avoid defaulting on their federal student loans. Since student loan debt is difficult to get discharged -- even in bankruptcy -- it's best to work with your student loan servicer or lender to keep your loan in good standing d How to Calculate Your Net Worth 11/27/2022 07:00pm • We're intrigued by the net worth of celebrities, business magnates, politicians and sports heroes. But knowing our own net worth can be useful for us mere mortals, too. It may seem like learning your own net worth isn't worth the trouble. But because of the insight it can give you into your financia In Your Debt: 4 ways to limit your holiday debt 11/25/2022 09:13am • There’s a magical feeling in the air this time of year, but that magic costs money. Every year, the pressure looms large to spend more to create perfect holidays. This high-cost season can leave you with debt that sticks around. According to NerdWallet’s 2022 Holiday Shopping Report, 31% of 2021