News Update

Mortgage rates jumped this week amid rising inflation

The average for a 30 year fixed rate mortgage has nearly doubled since December. What does it mean for the housing market?

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➤ Cryptocurrencies began the week in free fall: Bitcoin traded below $24,000, its lowest value since December 2020. Exchanges paused trading and transactions. What does it mean for the future of crypto?

➤ Consolidating credit card debt can dramatically boost credit score. Find out what experts say about the pros and cons of different methods of tackling credit card debt.

➤ An economic storm is causing summer airfares to soar.  Experts say one driver of the problem is a shortage of pilots, which began before the pandemic in 2019.

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➤ What are mortgage-backed securities?  These are bonds backed by mortgages and trade between financial firms and government institutions. Find out how they can impact your home purchase.

➤ What is pre-foreclosure?  This is the first step in the foreclosure process. Read more to find out what you can expect and what your options are.

➤ Recall Alert ⛔  Ford Mustang power train control module may disable various features, this lemonade didn't undergo proper inspections and much more in this week's recalls: View All Recalls

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