Financial News from Bankrate.com

  • The 3 best places to turn to for a personal loan Bankrate.com - 10 hours ago

    If you believe online financial technology startups are the only firms offering personal loans, you believe in a myth. Unsecured loans are widely available at various institutions. Finance companies, which include marketplace lenders.

  • Where will mortgage rates head next week? Bankrate.com - 10 hours ago

    Will rates go up, down or remain unchanged? Intro Up 45% Down 10% Unchanged 45% Panel Prediction Up Down Unchanged 45% 10% 45% This week (May 26-June 1), 45% of the panelists believe mortgage rates will ...

  • Mortgages rise on possibility of Fed rate hike Bankrate.com - 10 hours ago

    Mortgage rates rose this week after the Federal Reserve again signaled that it might raise the federal funds rate in mid-June. Lenders reacted to the growing speculation that there will be another Fed rate hike, says Mathew Carson, senior loan officer for First Capital Group, a mortgage financing company in San Francisco. "The markets are building it in, like they usually do, a little earlier on the anticipation of what the Fed is going to do," Carson says.

  • Widow asks: Are Social Security survivors benefits taxed? Bankrate.com - 10 hours ago

    Will I have to claim my husband's Social Security on my taxes for 2016? The Social Security benefits you receive as a widow or widower are known as Social Security survivors benefits and will be reported to you under your Social Security number, or SSN, rather than under your deceased spouse's SSN. According to the Social Security Administration, approximately 5 million widows and widowers receive benefits based on their deceased spouse's earnings record, and it also pays more benefits to children than any other federal program.

  • The 6 key differences between secured and unsecured personal loans Bankrate.com - Mon, May 23, 2016 8:00 PM AEST

    When shopping for a personal loan, you may be able to choose between a secured and an unsecured loan. Secured loans are backed by collateral and unsecured loans are not. Interest rates tend to be lower on secured personal loans.

  • The important goal that seniors in 47 states aren't meeting Bankrate.com - Mon, May 23, 2016 8:00 PM AEST

    Retirement If you want to survive and even thrive in retirement , most financial advisers believe you need at least 70% of the income that you had before you retired. But seniors in most states are falling ...

  • Extra! Extra! Read all about Rupert Murdoch's net worth Bankrate.com - Mon, May 23, 2016 8:00 PM AEST

    Media mogul Rupert Murdoch was only 22 years old when he inherited 2 Australian newspapers after his father's death. During his career, Murdoch has had a hand in everything from TV Guide to The Wall Street Journal. Add the movie studio and publishing companies that Murdoch owns, and it's easy to see how he became a multibillionaire.

  • Break up big banks? Here's how consumers would fare Bankrate.com - Fri, May 20, 2016 8:00 PM AEST

    If banks are big enough that their failure would break the U.S. economy, they're too big -- and someone should break them into smaller pieces. Democratic presidential hopeful Bernie Sanders has taken up the cry, saying that banks that are too big to fail are too big to exist. What would happen if the largest U.S. banks broke into multiple smaller banks?

  • The nightmare of car-title loans Bankrate.com - Fri, May 20, 2016 8:00 PM AEST

    One in 5 borrowers of single-payment, car-title loans has their car or truck seized by the lender for failing to pay back their debt. More than 4 in 5 of these types of loans are renewed the day they come due because borrowers can't afford to repay them in a single payment. Car-title loans are high-cost, small-dollar loans that borrowers use to cover an emergency or cash-flow shortage between paychecks.

  • Repo scare: Borrower might lose car due to twisted co-signing Bankrate.com - Fri, May 20, 2016 8:00 PM AEST

    Please continue to make that a priority, since getting behind on your car payments will work to your co-signer's advantage. Your best bet is to call the lender that the auto loan is with and talk to a representative.

  • How to back out of a contract with an 'ugly house' agent Bankrate.com - Fri, May 20, 2016 8:00 PM AEST

    Dear Real Estate Adviser, I was going to sell my home to one of those "ugly houses" agents and now I don't want to anymore. Can I still back out of a signed real estate contract? What can happen? ...

  • Mortgage rates reflect mixed economic news Bankrate.com - Thu, May 19, 2016 8:00 PM AEST

    Mortgage interest rates essentially remained unchanged this week as economic news piled up in all directions: up, down and sideways. "Things that should have maybe pushed rates a little bit lower never pushed them lower," says Rob McAllister, mortgage broker at West Seattle Mortgage in Seattle. Find the best mortgage deal today.

  • Personal loans: Demand high, rates low Bankrate.com - Thu, May 19, 2016 8:00 PM AEST

    Personal loan rates remain at their lowest rate of the year, as consumer demand for this type of financing continues to grow. In the last 3 months of 2015, banks, credit unions and non-bank firms originated more than 4 million unsecured personal loans -- the first time that many personal loans had been generated in a quarter, according to TransUnion, one of the nation's largest credit bureaus. "The market has had a tremendous amount of growth in the last 4 years," says Jason Laky, a TransUnion senior vice president and automotive and consumer lending business leader.

  • Why you might still want to use a money order Bankrate.com - Thu, May 19, 2016 8:00 PM AEST

    How do money orders work? They might seem old-fashioned -- like rotary phones and wristwatches. Indeed, they've been around since the horse-and-buggy days of the 1860s. But the good old money order can ...

  • Top 10 states for foreclosure in April Bankrate.com - Thu, May 19, 2016 8:00 PM AEST

    Foreclosure filings declined by 7.38% nationally from March to April. But these states had the highest rates of foreclosure last month, according to RealtyTrac, a California-based firm that tracks the ...

  • New overtime rules: What you need to know Bankrate.com - Thu, May 19, 2016 8:00 PM AEST

    The Department of Labor issued new rules to boost the salary threshold to be eligible for overtime pay for most white-collar, salaried workers from $23,660 to $47,476 a year. The rule will extend overtime protections to 4.2 million workers who work more than 40 hours per week, the Labor Department says. House Speaker Paul Ryan, R-Wisconsin, has pledged to fight the Obama administration on the rule.

  • Woman with 2 exes seeks best Social Security deal Bankrate.com - Wed, May 18, 2016 8:00 PM AEST

    Dear Senior Living Adviser, I just learned that I will receive Social Security death benefits from my late first husband. We were married for 12 years. I'm also divorced from my second husband after 35 ...

  • 7 simple ways to improve your credit score Bankrate.com - Wed, May 18, 2016 8:00 PM AEST

    If you need to boost your credit score, it won't be easy. A credit score isn't like a race car, where you can rev the engine and almost instantly feel the result. Credit scores are more like your driving record: They take into account years of past behavior, not just your present actions.

  • The IRS can help you pay for kid care Bankrate.com - Wed, May 18, 2016 8:00 PM AEST

    Working moms and dads must find child care for full days, not just the hours after classes. The IRS can't help you find a summertime day care provider, but it can help pay some of the costs, thanks to the child and dependent care tax credit. Second, it can be used to pay for care costs of other dependents, such as an aging parent.

  • Here's how much tech titan Paul Allen is worth Bankrate.com - Wed, May 18, 2016 8:00 PM AEST

    Kevin C. Cox/Getty Images Paul Allen Net worth: $17.7 billion (as of May 2016) Year of birth: 1953 Education: Washington State University (dropout) How Paul Allen's net worth was built Paul Allen began ...

  • Take advantage of tax breaks on rental property Bankrate.com - Tue, May 17, 2016 8:00 PM AEST

    If you feel like every time you open the mailbox, odds are good you'll discover another 0% interest credit card offer, you may not be far from the truth. Overall, U.S. consumers received nearly 123 million no-interest card offers during that time period. A credit card with a zero-interest introductory offer may be a good choice for a consumer looking to consolidate debt through a balance transfer or for someone contemplating a big purchase who doesn't have the cash to immediately pay for it.

  • Whoa, Nelly! Go slow on a personal loan for a horse Bankrate.com - Mon, May 16, 2016 8:00 PM AEST

    A recreational horse could cost from $2,000 to $8,000, says horse owner and trainer Callie Rae King, owner of Honey Brook Stables in Chester County, Pennsylvania. RATE SEARCH: Find the lowest rates on a personal loan to buy a horse. If you're interested in a horse suitable for dressage, hunting and jumping, the price jumps to $20,000 to $50,000, she says.

  • How a teen gets added to Mom's auto insurance Bankrate.com - Mon, May 16, 2016 8:00 PM AEST

    Is my teen going to be added to my auto insurance policy automatically when he turns 16, even if he doesn't have his driver's license yet? No, teenagers are not automatically added to your car insurance when they turn 16. A child would be added only when you call and let your agent know that your kid now has a driver's license.

  • 100-foot trees a looming threat to home deal Bankrate.com - Fri, May 13, 2016 8:00 PM AEST

    Dear Real Estate Adviser, We signed an agreement to sell our home with a closing date set for mid-June. But our inspector said that 2 of my 100-foot trees that I thought were healthy are unstable and could ...

  • There are upsides to an extended car warranty Bankrate.com - Fri, May 13, 2016 8:00 PM AEST

    Is it possible to get another auto warranty after the one that came with my car expires? In fact, in a study of over 1 million car repairs in 2015, CarMD found that the 2nd most common repair -- replacing the catalytic converter -- costs $1,153.49 on average in the U.S. COMPARE RATES: Find the lowest rate on a used car loan.

  • Mortgage rates remain stable and low Bankrate.com - Thu, May 12, 2016 8:00 PM AEST

    RATE SEARCH: Ready to shop for a mortgage? A disappointing jobs report from the Bureau of Labor Statistics contributed to this week's mortgage rate stability, yet other factors may have been more influential, says Jim Pomposelli, vice president, residential lending for PERL Mortgage in Chicago. "The market is reacting much more to global economic events than it is to what's happening in the U.S.," Pomposelli says.

  • A tax-free way to pay IRA account fees Bankrate.com - Thu, May 12, 2016 8:00 PM AEST

    My IRA is held in a Fidelity account. Can I have the Fisher asset management fees paid directly from my IRA to Fisher Investments without paying taxes on it as a distribution? Yes, you can have the asset management fees paid directly from your IRA account and it will not be taxable to you as a distribution.

  • See Elon Musk's stratospheric net worth Bankrate.com - Wed, May 11, 2016 8:00 PM AEST

    Larry Busacca/VF15/Getty Images Elon Musk Net worth: $13.9 billion (as of May 2016) Year of birth: 1971 Education: University of Pennsylvania How Elon Musk's net worth was built Best known for PayPal, ...

  • Easy money? Qualifying for a personal loan Bankrate.com - Wed, May 11, 2016 8:00 PM AEST

    A personal loan is one of the easiest ways to borrow money. If fact, you can get a personal loan with not much more than a signature, although you will pay a higher interest rate for this variation. The 1st step to qualify for a personal loan is to make sure it's the right loan for your situation, says Stephanie Cutler, vice president of personal lines and loans at Wells Fargo in San Francisco.

  • 2016 rising-rate CD survey: Liquid CDs Bankrate.com - Tue, May 10, 2016 8:00 PM AEST

    CD Rates Rates on certificates of deposit are among the lowest they've been since Bankrate began tracking rates in 1984. As a consequence, CD deposits have fallen precipitously in the past 5 years. A rising-rate ...

  • 2016 rising-rate CD survey: Step-up CDs Bankrate.com - Tue, May 10, 2016 8:00 PM AEST

    CD Rates Today's rates on certificates of deposit are among the lowest they've been since Bankrate began archiving rates in 1984. However, a step-up CD adjusts its rate higher at specific, predetermined ...

  • How widow on Social Security should report extra income to IRS Bankrate.com - Tue, May 10, 2016 8:00 PM AEST

    My only income is my Social Security. The general rule is that if your filing status is single and you were 65 or older at the end of 2015, then you are required to file a return if your gross income was at least $10,300. If you were "self-employed" and the "net income" as a writer was at least $400, then you will need to file Form 1040 and report your income and expenses on Schedule C, Profit or Loss from Business (Sole Proprietorship).

  • 2016 rising-rate CD survey: Callable CDs Bankrate.com - Tue, May 10, 2016 8:00 PM AEST

    CD Rates Today's rates on certificates of deposit are among the lowest they've been since Bankrate began archiving rates in 1984. However, a callable CD promises higher returns than a regular CD. On the ...

  • 2016 rising-rate CD survey: Bump-up CDs Bankrate.com - Tue, May 10, 2016 8:00 PM AEST

    CD Rates Today's rates on certificates of deposit are among the lowest they've been since Bankrate began archiving rates in 1984. However, a bump-up CD allows an investor to increase a CD's rate one or ...

  • What happened to home values in your area? Bankrate.com - Tue, May 10, 2016 8:00 PM AEST

    Median existing single-family home values are on the rise in much of the United States, increasing 6.3% in the 1st quarter of 2016 compared to the 1st quarter of 2015, to $217,600, according to the National ...