Pending home sales +1.8% MoM in Feb (better than expected). Lower mortgage rates helped, although they have risen a bit since. If you're looking to buy, be ready to move quickly. Inventory remains constrained. Have to be nimble to snap up the right home at a decent price/rate.
Predatory auto lenders have all kinds of nasty tricks, ranging from unnecessary add-ons to biweekly payments, yo-yo financing and more. Here’s what you need to know: bit.ly/4uhk8js
If you haven’t frozen your credit yet, do it today. Financial fraud is on the rise, and a credit freeze is a free and effective way to keep the bad guys out. bit.ly/4ujz4O7
Financial scams are rising.
40% of adults experienced fraud in the past year (up from 34% a year prior). While 93% of attempted account breaches failed, 11% of Americans lost money. bit.ly/3ODA7bt
Big affordability ideas are getting headlines — but the details matter. A 10% credit card APR cap and 50-year mortgages sound helpful, yet both have unintended consequences. Lower payments don’t always mean lower costs. Skepticism is healthy. bit.ly/4to60V7
Lower interest rates won't solve the affordability crisis. Since 2021, prices are up 22.7% on average while wages grew 21.5%. Capping credit card rates at 10% sounds like a fix, but it would likely backfire by cutting off credit for millions. bit.ly/4kx8NqW
Only 38% of married or live-in couples fully combine their finances. Most keep at least some money separate — especially Gen Z. There’s no one “right” way to manage money as a couple, but communication matters more than ever. bit.ly/3ZY6yDD