Financial News from Bankrate.com

  • When is the best time to buy a car? Bankrate.com - 15 hours ago

    For many people, the process of buying a new car begins with the thinking that maybe "it's time" versus being forced into buying a new car because of mechanical problems, a car accident or some other event. Negotiate car lease?

  • Can I take possession of abandoned property? Bankrate.com - 15 hours ago

    All land is owned, either by private individuals, developers, Native American tribes, corporations, cities, states or the federal government, including the U.S. Forest Service. There's really no easy way of "claiming" an abandoned property, although so-called "squatter's rights" can technically allow you to gain control of land you openly maintain and use for a set period, determined by state law. Such "adverse possession" periods range from five to 30 years with an average of 10 years, plus jurisdictions are cracking down and in many cases arresting overzealous squatters, so this likely won't work for you.

  • National mortgage rates for Dec. 8, 2016 Bankrate.com - Thu, Dec 8, 2016 9:00 PM AEDT

    Interest Rate Roundup Mortgages 30-year fixed: 4.15% Average points: 0.21 Mortgage rates were mixed this week, according to Bankrate's latest survey of large lenders. The benchmark 30-year fixed-rate mortgage ...

  • Building a deck: The costs and considerations Bankrate.com - Thu, Dec 8, 2016 9:00 PM AEDT

    Because deck installation is a relatively complex process, it's often better to leave it to the professionals. Taking all of these factors into account, most homeowners spend from $4,085 to $9,885 on deck installation, or an average of $6,916.

  • What is President-elect Donald Trump's net worth? Bankrate.com - Thu, Dec 8, 2016 9:00 PM AEDT

    America's next president, Donald Trump, started his unusual path to the White House in Brooklyn, New York, working with his father and making deals in the real estate development business. From there, he entered the world of Manhattan real estate and eventually branched out into properties throughout the world.

  • CD rates for Dec. 8, 2016 Bankrate.com - Thu, Dec 8, 2016 9:00 PM AEDT

    Interest Rate Roundup CDs 1-year CD yields: 0.31% 5-year CD yields: 0.82% Rates on certificates of deposit were mostly unchanged in Bankrate's weekly survey of CD rates. The five-year CD yield stayed at ...

  • Where will mortgage rates head next week? Bankrate.com - Thu, Dec 8, 2016 9:00 PM AEDT

    Will rates go up, down or remain unchanged? Intro Up 0% Down 45% Unchanged 55% Panel Prediction Up Down Unchanged 0% 45% 55% This week (Dec. 8-14), none of the panelists believe mortgage rates will rise ...

  • Will Trump help or hurt your finances? See what Americans say Bankrate.com - Thu, Dec 8, 2016 9:00 PM AEDT

    With Donald Trump about to take over the White House and the GOP controlling both houses of Congress, almost 6 in 10 Republicans said they expected a positive impact, versus fewer than 1 in 10 Democrats (it was 27 percent for independents). "Inherently, there's going to be a certain level of bias based on who I voted for," says Thomas Cooke, professor at Georgetown University's McDonough School of Business. "If I voted for Donald Trump, I'm generally going to express more optimism about my future, whereas if I voted against Mr. Trump, I'm more pessimistic, more skeptical of things going down," he says.

  • What is a modular home? Bankrate.com - Thu, Dec 8, 2016 9:00 PM AEDT

    A modular home is a house built in sections in a factory. While at one time modular homes were discounted as subpar, the stigma no longer exists. In fact, most people are surprised to find that they can't tell the difference between a modular home and a site-built home when the two finished models stand side by side.

  • How do you get a reverse mortgage loan? Bankrate.com - Tue, Dec 6, 2016 9:00 PM AEDT

    Getting a reverse mortgage loan is different from getting a regular mortgage, the kind you use to buy a home. Here's what you need to know about how to get a reverse mortgage loan. Before you start looking for a loan, you should know that not just any homeowner can get a reverse mortgage loan.

  • Share profits of property sale with kids to avoid tax? Bankrate.com - Tue, Dec 6, 2016 9:00 PM AEDT

    Can I gift $14,000 each to my three children to reduce my capital gains tax? There is no deduction on your Form 1040 for gifting $14,000 to your three children, so this tactic will not help reduce the capital gains taxes owed on the sale of the rental property. First, let's be clear that we are not talking about gifts to qualified charitable organizations, as there is a tax deduction for charitable gifts if you itemize your deductions on Schedule A.

  • 7 terrific tips for taking your credit cards on vacation Bankrate.com - Mon, Dec 5, 2016 9:00 PM AEDT

    Vacations and holidays are all about relaxing, so it's unlikely balances, bills and credit cards and debit cards are on your radar. 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.

  • 5 warning signs of too much holiday credit card debt Bankrate.com - Fri, Dec 2, 2016 9:00 PM AEDT

    This holiday season, consider giving yourself a present that always fits and doesn't require wrapping. Read your credit card statements. Most of all, know when it's time to keep those credit cards at home.

  • Buying a home? Here's how to do it right Bankrate.com - Fri, Dec 2, 2016 9:00 PM AEDT

    Short-term homeownership rarely makes sense, says Ed Conarchy, a mortgage loan originator for Cherry Creek Mortgage Co. in Gurnee, Illinois. If you need a loan to buy the home, a real estate agent will want you to talk with a mortgage professional.

  • Can you negotiate the cost of leasing a car? Bankrate.com - Fri, Dec 2, 2016 9:00 PM AEDT

    Dear Driving for Dollars, I keep hearing about negotiating when you buy a car, but I don't want to buy -- I want to lease. There's no negotiating when it comes to leasing a car, right? The payment is just ...

  • Costs and considerations when getting a nose job Bankrate.com - Fri, Dec 2, 2016 9:00 PM AEDT

    Rhinoplasty or nose surgery, commonly known as a "nose job," involves a surgeon reshaping the bones, cartilage and tissues in your nose to alter its proportions and to enhance your facial looks. When it's done as a cosmetic procedure, it's unlikely your health insurance covers a nose job, so it pays to spend time researching the costs before deciding if surgery is the right option for you. According to statistics published by the American Society of Plastic Surgeons in 2014, the average cost of rhinoplasty is $4,694.

  • How much does it cost to replace a windshield? Bankrate.com - Fri, Dec 2, 2016 9:00 PM AEDT

    Your vehicle's windshield is an important safety feature. In the event of an accident, the toughened safety glass strengthens the vehicle's structure to prevent the roof from collapsing, while also keeping you and your passengers inside the vehicle in the event of a head-on collision. Fortunately, in many cases, your auto insurance has got you covered.

  • Is there aid for disabled person facing eviction? Bankrate.com - Fri, Dec 2, 2016 9:00 PM AEDT

    The bank wants to auction the home. As you likely know, a decree (or warrant) of ejection is a court order ending a person's legal right to continue living on a property, and I'd hate to see this happen to you and your wife.

  • National mortgage rates for Dec. 1, 2016 Bankrate.com - Thu, Dec 1, 2016 9:00 PM AEDT

    Interest Rate Roundup Mortgages 30-year fixed: 4.13% Average points: 0.23 Mortgage rates rose again this week, according to Bankrate's latest survey of large lenders. The benchmark 30-year fixed-rate mortgage ...

  • How to fortify and protect your home against wildfires Bankrate.com - Thu, Dec 1, 2016 9:00 PM AEDT

    As Americans have seen from California to Tennessee, wildfire seasons can be unpredictable and devastating. About 100,000 wildfires burn millions of acres in the United States every year and destroy homes and other structures in the path of the flames. If you're in an area where wildfires are a potential danger, you can increase your home's survival odds by taking the proper precautions long before a fire threatens.

  • CD rates for Dec. 1, 2016 Bankrate.com - Thu, Dec 1, 2016 9:00 PM AEDT

    Interest Rate Roundup CDs 1-year CD yields: 0.31% 5-year CD yields: 0.82% Rates on certificates of deposit were unchanged in Bankrate's weekly survey of CD rates. The five-year CD yield stayed at 0.82 ...

  • Experts give 50-50 odds Trump will face recession Bankrate.com - Thu, Dec 1, 2016 9:00 PM AEDT

    The latest Bankrate Economic Indicator, our quarterly survey of economists, predicts that higher interest rates are in the offing, due to a highly likely December rate hike from the Federal Reserve and expectations of further increases in bond yields. The forecasters also see higher chances of a recession during the coming four years under President Donald Trump. "Spending running out of steam, debt rising, trade balance worsens, job growth slows," lists Bill Dunkelberg, chief economist for the National Federation of Independent Business.

  • Will your pay get better next year? See what experts say Bankrate.com - Thu, Dec 1, 2016 9:00 PM AEDT

    Thomas Barwick/Getty Images The government's employment report for October showed a better-than-expected jump in Americans' pay. Average hourly earnings grew by 10 cents during the month to $25.92, which ...

  • How much does it cost to paint a car? Bankrate.com - Wed, Nov 30, 2016 9:00 PM AEDT

    Basic: The most inexpensive paint job involves as few coats as possible, using synthetic enamel paint. Standard: The cost of a standard paint job usually includes sanding the body and removing rust before painting to get an attractive finish. For older vehicles, the cost of a professional paint job may be excessive.

  • How much does a tummy tuck cost? Bankrate.com - Wed, Nov 30, 2016 9:00 PM AEDT

    A tummy tuck -- a procedure also known as abdominoplasty -- is typically performed as an elective surgery for patients who want a flat stomach. With this being elective surgery, how much does a tummy tuck cost? Who is a good candidate for a tummy tuck?

  • Do you have to pay back a reverse mortgage loan? Bankrate.com - Wed, Nov 30, 2016 9:00 PM AEDT

    Unlike a regular home equity loan, you don't have to start paying the loan back after you borrow the money. A reverse mortgage loan allows you to take advantage of the financial value that you've built up in your home, often through years of making mortgage payments. With a reverse mortgage, it can be your heirs, whose inheritance is disappearing as you're collecting reverse mortgage payments.

  • Why some states are great for holiday-loving retirees Bankrate.com - Tue, Nov 29, 2016 9:00 PM AEDT

    To help them out, we've used our Best States to Retire data -- plus a slew of statistics on shopping, charitable giving and even snowfall -- to put together a list of the best states for retirement if you love celebrating the holidays. RATE SEARCH: Sweeten your retirement savings now. On the other hand, regular top-10 retirement states Arizona and Virginia don't make this list, given their dearth of winter-wonderland cred.

  • Is it legal to claim a slew of allowances to pay less tax? Bankrate.com - Tue, Nov 29, 2016 9:00 PM AEDT

    As an employee, you complete Form W-4, Employee's Withholding Allowance Certificate, so that your employer can withhold the correct federal income tax from your pay. When you look at the Form W-4 instructions, you will see that there is a "personal allowances worksheet." This is where you calculate the number of personal allowances you are claiming. It is really important if you are planning to claim the earned income tax credit or the additional child tax credit because the IRS is now required by law to withhold all refunds on those returns until Feb. 15.

  • Top 10 investing tips for a killer portfolio in 2017 Bankrate.com - Mon, Nov 28, 2016 9:00 PM AEDT

    Review your current portfolio and see if you need to adjust anything to keep your investments in line with your goals and objectives. "Has there been a life event that changes the way you want your portfolio to work?" asks Thomas J. O'Connell, president of International Financial Advisory Group in Parsippany, New Jersey. A birth, death, retirement or a family member entering college can all have an impact on how you should invest during the new year.

  • What's going on with high-flying bond yields? Bankrate.com - Mon, Nov 28, 2016 9:00 PM AEDT

    Kevin Dodge/Getty Images Bond yields have risen significantly over the past five months, with the rates skyrocketing following the presidential election. The 10-year Treasury note yield registered its ...

  • Looking for the perfect gift card? See how they compare Bankrate.com - Fri, Nov 25, 2016 9:00 PM AEDT

    Credit Cards Best Gift Cards Hero Images/Getty Images Still associating gift cards with shopping at the mall or a big-box store? That's old-school. As more consumers become comfortable with online and ...

  • Why are my car's headlights not bright enough? Bankrate.com - Fri, Nov 25, 2016 9:00 PM AEDT

    For some reason, when I turn on my headlights, I'm still having a hard time seeing the road. Chances are good that your headlight situation is not your imagination. First, double check that all the bulbs in your headlights are actually working and replace any that are out or dim.

  • You got 30 anonymous offers on your home? Yeah, right Bankrate.com - Fri, Nov 25, 2016 9:00 PM AEDT

    Your first step, in my opinion, is to immediately fire your "Realtor" for cause. Portland is one of the top real estate markets in the country, with homes soaring 20 percent in price in August of this year alone, and those double-dealing agents are conspiring to flood you with bad advice and vague offers from shady industry consorts to convince you to dump your increasingly valuable property at rock-bottom price.

  • 10 tips to have an awesome mortgage in 2017 Bankrate.com - Fri, Nov 25, 2016 9:00 PM AEDT

    Hero Images/Getty Images Home sales will accelerate, and Donald Trump will occupy the Oval Office. Those are two predictions we can make with confidence about 2017. As for mortgage rates, who knows? They ...

  • 10 great tips for saving money in the new year Bankrate.com - Thu, Nov 24, 2016 9:00 PM AEDT

    Often, those optimistic goals include "saving money." While those plans are well-intended, by February, savings accounts are often stagnant and spending has skyrocketed. On New Year's Day -- once your headache from all that champagne subsides -- set a savings goal for 2017. When deciding on a savings goal, think of a specific purchase or benchmark you could realistically reach in 12 months.