Mortgage Rates Drop To Lowest Point In 3 Years

Freddie Mac has released a new report showing that mortgage rates have hit their lowest point in a three-year period. Rates for a 30-year fixed mortgage are now 3.54 percent, the lowest they have been since May 2013 when they dropped to 3.51 percent. This is still above the all-time low that the industry saw…
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CFPB Launches New Auto Loan Education Program

The Consumer Financial Protection Bureau (CFPB) has launched its new “Know Before You Owe” program that will assist consumers with learning how auto loans work, what their options are, and what financing is available to them. The program was announced alongside the “Consumer Voices on Automobile Financing” report that includes the CFPB‘s research on how…
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Bad Customer Service For Federal Student Loans

The Government Accountability Office (GAO) recently released its report on the U.S. Department of Education’s (DoED) federal student loan program. It states that the DoED is in need of making substantial improvements to its customer service department and to the way it works with the various loan servicers that manage the billions of dollars in…
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Online Shopping Overtakes Brick And Mortar Purchases

Survey Finds That Majority of Non-Grocery Purchasing is Online Do you find yourself increasingly buying your non-grocery items online? You’re not alone. The annual United Parcel Service (UPS) Pulse of the Online Shopperâ„¢ survey found that, for the first time ever, online purchases of non-grocery items surpassed in-store purchases (by a slim 51% to 49%…
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What Is Your State Of Financial Well-Being?

What does the phrase “financial well-being” mean to you? Does it mean having enough money to get by? Having all the money that you desire? Achieving a certain dollar threshold? Different people may have different definitions in mind. The Consumer Financial Protection Bureau (CFPB) set out to find a common definition of financial well-being in…
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