Interest Rates

  • How Hillary Clinton went from 'dead broke' to millionaire status Bankrate.com - 9 hours ago

    Hillary Clinton's net worth is in the range of $11 million to $53 million, giving her an average net worth of $32 million with no apparent liabilities, according to federal records. Hillary says she and Bill Clinton were "dead broke" after they left the White House in 2001.

  • How to cancel real estate deal due to insurance hikes Bankrate.com - Fri, Aug 26, 2016 8:00 PM AEST

    Since signing to buy a new home and working countless hours to prep for a move, I am wondering if should try to cancel the purchase contract, even if it means losing the $3,000 earnest deposit. Cheer up, Geno, and open up that purchase contract to look for several potential exit points. First off, I'm wondering what your lender has to say about this situation, assuming you weren't paying cash for the house.

  • Are car-lease incentives a good deal? Bankrate.com - Fri, Aug 26, 2016 8:00 PM AEST

    What are the different lease incentives and how do I figure out which one is best? Incentives for auto leases are a bit different from the incentives, also known as rebates, offered when you buy a new car. This is actually a subsidized interest rate, where the auto manufacturer offers a lower rate for customers with good credit if they use the automaker's lending arm, such as Ford Credit or Toyota Financial Services.

  • See Johnny Depp's in-aarg-uably high net worth Bankrate.com - Fri, Aug 26, 2016 8:00 PM AEST

    Johnny Depp's $400 million net worth is no surprise considering he has starred in a number of high-grossing films. Depp dropped out of high school at age 16, bound for a career in music. Depp married a makeup artist whose friend Nicolas Cage got him an audition with director Wes Craven.

  • New rules on after-tax 401(k) savings a boon for retirees Bankrate.com - Fri, Aug 26, 2016 8:00 PM AEST

    Retirement savers with after-tax money stashed in a traditional 401(k) or a Roth 401(k) account get an official reprieve from the IRS. If you have a Roth 401(k), you always pay taxes upfront. In both scenarios, the IRS recently made it easier to roll this money over into a Roth IRA.

  • A cashier's check has advantages, but beware of scams Bankrate.com - Fri, Aug 26, 2016 8:00 PM AEST

    Checking copyright Andrey_Popov/Shutterstock.com At some point, you may need to make a big purchase from a merchant that does not accept credit cards or personal checks. What can you do? One option is ...

  • Why you may want earthquake insurance Bankrate.com - Thu, Aug 25, 2016 8:00 PM AEST

    An earthquake can shake up your life and ruin your home, but you can prevent a serious jolt to your finances by buying earthquake insurance. Standard home insurance or renters insurance won't protect against quake damage, but a separate earthquake policy can fill that gap. Covers damage from quakes and other types of earth movement, which is excluded from most home insurance and renters insurance policies.

  • Dad's $50K account in India must be reported to the IRS Bankrate.com - Thu, Aug 25, 2016 8:00 PM AEST

    My dad has no income and thus does not file tax returns in the U.S. He does have a few CDs, or certificates of deposit, in a bank in India worth $48,000 to $52,000 (depending on the currency conversion rate). Does he need to fill out the FBAR and FATCA? If your father is a U.S. citizen or resident, he will be required to file the FinCEN Form 114 (formerly known as the "FBAR," or Foreign Bank and Financial Accounts) since the value of the account exceeded $10,000 during the year.

  • National mortgage rates for Aug. 25, 2016 Bankrate.com - Thu, Aug 25, 2016 8:00 PM AEST

    Interest Rate Roundup Mortgages 30-year fixed: 3.57% Average points: 0.25 Mortgage rates mostly rose this week, according to Bankrate's latest survey of large lenders. The benchmark 30-year fixed-rate ...

  • Where will mortgage rates head next week? Bankrate.com - Thu, Aug 25, 2016 8:00 PM AEST

    Will rates go up, down or remain unchanged? Intro Up 25% Down 0% Unchanged 75% Panel Prediction Up Down Unchanged 25% 0% 75% This week (Aug. 24-30), one-quarter of the panelists believe mortgage rates ...

  • CD rates for Aug. 25, 2016 Bankrate.com - Thu, Aug 25, 2016 8:00 PM AEST

    Interest Rate Roundup CDs 1-year CD yields: 0.3% 5-year CD yields: 0.8% Rates on certificates of deposit were unchanged this week in Bankrate's weekly survey of CD rates. The 5-year CD yield stayed at ...

  • 5 things to know when buying a foreclosed home Bankrate.com - Thu, Aug 25, 2016 8:00 PM AEST

    Despite increases in home prices and a stabilizing housing market, many experts say the foreclosure crisis is far from over. Only one real estate agent is involved. The seller wants a preapproval letter from a lender before accepting an offer.

  • Mortgage rates in holding pattern, waiting for Fed Bankrate.com - Thu, Aug 25, 2016 8:00 PM AEST

    This strategy can make sense because HELOC's typically have an adjustable rate, explains Mathew Carson, president of West County Mortgage in Sebastopol, California. Mortgage interest rates were essentially unchanged this week, giving borrowers more time to buy a home or refinance their existing mortgage at very attractive rates. The benchmark 5/1 adjustable-rate mortgage went up to 3.07% from 3.05%.

  • You'll be star-struck by George Lucas' staggering net worth Bankrate.com - Wed, Aug 24, 2016 8:00 PM AEST

    George Lucas grew up a fan of classic adventure stories and comic books. Lucas started Lucasfilm Ltd. in 1971. Before "Star Wars," Lucas created "American Graffiti," a film that showcased the talents of young actors such as Ron Howard, Richard Dreyfuss and Harrison Ford.

  • Moving's a pain, but the tax deduction can be sweet Bankrate.com - Wed, Aug 24, 2016 8:00 PM AEST

    TaxesTax Deductions When Can You Deduct Moving Expenses? Uncle Sam won't help load your moving van, but if you relocate, you might be able to get his help in the form of an IRS tax deduction for moving expenses.

  • IRS can't find my W-2. How do I get my $3K refund? Bankrate.com - Tue, Aug 23, 2016 8:00 PM AEST

    Take a close look at your Form W-2 and make sure that your Social Security number is correct and it matches with the return you filed. If they mailed you a notice, call the number listed and have a copy of your tax return along with the Form W-2 handy so you can help them resolve your problem. You can go to the IRS website to see which office is closest to you.

  • Aussie house prices are set to fall Yahoo7 Finance - Tue, Aug 23, 2016 3:49 PM AEST
    Aussie house prices are set to fall

    Australian house prices are set to fall … and it’s all about supply and demand.

  • Consumer confidence highest since Nov 2013 AAP - Tue, Aug 23, 2016 2:07 PM AEST
    Consumer confidence highest since Nov 2013

    The ANZ-Roy Morgan index of consumer confidence rose last week to its highest level since November 2013. ANZ senior economist Jo Masters said the jump was likely influenced by buoyant share and housing markets, and news that unemployment had fallen in July. "This sub-index is closely correlated with auction clearance rates and may be capturing some of the renewed momentum in the housing market," Ms Masters said.

  • Can I buy back my foreclosed home? Bankrate.com - Mon, Aug 22, 2016 8:00 PM AEST

    If I could pay for it, do I have the right in the state of Florida to repurchase it? In many states where there are judicial foreclosures (lender files a lawsuit), redemption laws allow the old foreclosed owner to buy back the property within a post-foreclosure period that's as short as 10 days in New Jersey and as long as 2 years in Tennessee, with a 1-year redemption period the most prevalent. In redemption cases, the cost of re-buying usually includes the foreclosure sale price plus sundry charges and fees.

  • Drawn-out car payment plan puzzles borrower Bankrate.com - Mon, Aug 22, 2016 8:00 PM AEST

    Let's say, for example, you have a $10,000 auto loan with a 5-year (60 months) term. At a 5% interest rate, your payments would be $188.71 per month and you'd pay $1,322.47 in interest over the life of the loan. The way loans end up getting extended for longer terms is when the customer wants to stick to a specific monthly payment and they don't realize they don't qualify for the interest rate they expect or the payment they see advertised on TV.

  • Why would you want a money market account? Bankrate.com - Mon, Aug 22, 2016 8:00 PM AEST

    Hear the initials "MMA" and -- particularly if you're a sports fan -- you're more likely to think of Ronda Rousey beating some unlucky woman's head in the Octagon than you are to think of higher interest rates on your savings. A money market account is a savings account that allows a limited number of checks to be drawn from the account each month. How much interest an MMA pays, and whether it's the highest-paying deposit product offered, varies for each account from bank to bank.

  • 7 terrific tips for taking your credit cards on vacation Bankrate.com - Mon, Aug 22, 2016 8:00 PM AEST

    Chances are, credit cards, debit cards, balances and bills are the last things on your mind. If you normally buy shoes on Michigan Avenue in Chicago and suddenly you're buying croissants on the Champs Elysees in Paris, there's a chance your card could be declined or suspended.

  • $A falls on rising US rate hike view AAP - Mon, Aug 22, 2016 5:28 PM AEST

    The Australian dollar has fallen against its US counterpart, amid mounting market expectations of a rate hike in the US following some encouraging comments by the US Federal Reserve. At 1700 AEST on Monday, ...

  • See how much Olympics legend Michael Phelps is worth Bankrate.com - Fri, Aug 19, 2016 8:00 PM AEST

    Michael Phelps' net worth is estimated to be around $55 million, making him one of the richest athletes at the 2016 Summer Olympics in Rio de Janeiro. Gold medals and lucrative endorsements helped build his wealth.

  • What you need to know about flood insurance Bankrate.com - Fri, Aug 19, 2016 8:00 PM AEST

    All it takes is just an inch of flood water throughout a 2,000-square-foot home, and you'll be looking at almost $21,000 in damage, according to the National Flood Insurance Program. Victims of Superstorm Sandy and other disasters of recent years learned too late that their homeowners or renters insurance policies offered no protection against flooding. The National Flood Insurance Program, or NFIP, is the primary source of flood insurance for homeowners and renters.

  • US economy strengthens while Australia struggles The Conversation - Fri, Aug 19, 2016 12:00 AM AEST
    US economy strengthens while Australia struggles

    The US economy is looking healthy, but in Australia it’s a different story as departing RBA governor Glenn Stevens warns the federal government there’s only so much monetary stimulus can do when it comes to low inflation.

  • National mortgage rates for Aug. 18, 2016 Bankrate.com - Thu, Aug 18, 2016 8:00 PM AEST

    Interest Rate Roundup Mortgages 30-year fixed: 3.56% Average points: 0.25 Mortgage rates were mixed this week, according to Bankrate's latest survey of large lenders. The benchmark 30-year fixed-rate mortgage ...

  • How foreigners pay tax on income from rental property Bankrate.com - Thu, Aug 18, 2016 8:00 PM AEST

    With the limited information you have provided, my answer is based on the assumption you will be classified for U.S. tax purposes as a nonresident alien and as such this requires you to report your rental property income on Form 1040NR, U.S. Nonresident Alien Income Tax Return. The answer to your question is that both resident and nonresident aliens should file a tax return anytime there is rental income. The general rule for nonresident aliens is that for rental property, you are taxed at a flat 30% (or lower treaty) rate on your gross income from U.S. sources that are "not effectively connected" with your U.S. trade or business.

  • 15 key questions your mortgage lender will ask Bankrate.com - Thu, Aug 18, 2016 8:00 PM AEST

    Put yourself in the mortgage lender's shoes: Before giving someone a big loan, wouldn't you want to know a lot about the borrower? Expect your mortgage application to ask these questions about your income, credit history, the home you want to buy, how much money you have saved and more. RATE SEARCH: Ready to shop for a mortgage?

  • A sobering, scary question: Who has your data? Bankrate.com - Thu, Aug 18, 2016 8:00 PM AEST

    When Wal-Mart agreed to purchase online retailer Jet.com for $3.3 billion recently, it marked not only the largest acquisition of an e-commerce company, but also a momentous transfer of consumer data. "Consumers hardly have any control over sharing, flow and usage of their data," says Paul Kubler, a digital forensics and cyber security examiner at LIFARS, a digital forensics and cybersecurity intelligence firm in New York City. In acquisitions and mergers, while data is usually integrated into the purchasing company's already existing systems, according to Kubler, what actually happens differs based on what the acquiring company's plans are.

  • With mortgage rates low, consider canceling PMI Bankrate.com - Thu, Aug 18, 2016 8:00 PM AEST

    As mortgage rates stall near record lows, it's a fine time to refinance to grab a lower interest rate. One of them is to cancel mortgage insurance. Mortgage insurance is a policy that reimburses the lender if you default on your home loan.

  • Jumbo mortgages making a comeback Bankrate.com - Thu, Aug 18, 2016 8:00 PM AEST

    Borrowers who need large home loans will find an increasing number of lenders willing to offer jumbo mortgages. A jumbo loan is a mortgage for more than the conforming limit set by Fannie Mae and Freddie Mac. In most counties, any mortgage of more than $417,000 is a jumbo loan.

  • Poor economic data is bad news for Australia Yahoo7 Finance - Thu, Aug 18, 2016 12:35 PM AEST
    Poor economic data is bad news for Australia

    Entrenched low wages growth and on-going softness in the labour market are fundamental reasons why the retail sector is struggling to grow.

  • Workers put job security above pay rises AAP - Wed, Aug 17, 2016 4:09 PM AEST
    Workers put job security above pay rises

    Australians seem to be content to put job security over pay rises, with wage growth at record lows and likely to remain sluggish. The wage price index for total rates of pay excluding bonuses rose 0.5 per cent in the June quarter, the third straight increase of that size, according to seasonally adjusted figures from the Australian Bureau of Statistics. Both private and public sector wage prices have now levelled out, meaning there's not much hope for a lift in wages this year, Royal Bank of Canada analyst Michael Turner said.

  • Prepare for a potentially dangerous hurricane season Bankrate.com - Tue, Aug 16, 2016 8:00 PM AEST

    Officials have raised the government's forecast for the 2016 hurricane season, which officially began June 1 and runs through Nov. 30, and now say it could bring an above-normal number of storms. Following 2 below-average years, this hurricane season is expected to be the strongest since 2012, the year of Superstorm Sandy. The National Oceanic and Atmospheric Administration, or NOAA, now predicts 12-17 named storms, including 5-8 hurricanes, with 2-4 of them major hurricanes.