More than ever, mortgage borrowers are looking for ways to manage the amount of interest they pay. The Federal Reserve has raised the short-term Fed Funds rate resulting in average mortgage rates to more than double since 2021. In the search for interest relief, borrowers are increasingly looking at their…

You’ve seen the headlines. The United States Postal Service (USPS) has been losing money. (A recent USPS press release said it’s already lost $2.1 billion this year.) So, Congress passed the Postal Service Reform Act of 2022 (PSRA). The Office of Personnel Management (OPM) published the interim final rule on…

A German lawyer widely regarded as the mastermind of a massive tax fraud scheme has been sentenced to an additional eight years and three months in jail. Hanno Berger had already received an eight-year jail sentence last December for his role in the cum-ex scheme, which has been called “the…

The Current, Choppy Financial Landscape The global financial landscape is currently facing several challenges. Rising inflation, the war in Ukraine, possible US default, and the Federal Reserve’s interest rate hikes all contribute to a volatile and uncertain market. Rising Sea of Inflation Inflation is rising in many countries, making buying…

Rooftop pools crowning upscale residential buildings are a more and more popular amenity. As selling points for renters and condominium buyers, they’re more than high-altitude, photogenic features enabling relaxation, recreation, remarkable views and the chance to test different brands of sun block. In many buildings, rooftop pools and sundecks are…

The average long-term U.S. mortgage rate climbed this week to its highest level since mid-March, according to weekly data compiled by mortgage buyer Freddie Mac. The rate on the 30-year fixed mortgage rose to 6.57% this week from 6.39% a week ago. One year ago, it averaged 5.10%.”The U.S. economy…

Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. Rates…

Asking your issuer for a credit card limit increase is relatively easy to request, and most experts say if you can manage your temptation to overspend, and you have a solid pay-back history, it may be something to consider.  “I think asking for a credit line increase is a good…

Gas prices rose again for the third week in a row, but with oil costs stabilizing, drivers could see some relief at the pump in the weeks ahead, according to AAA. The national average cost for a gallon of gas increased by less than five cents from last week to $3.68, reflecting…

The average American’s Retirement Score has dropped to 78, a decrease from its 2020 all-time high of 83, according to the latest Retirement Savings Assessment report by Fidelity Investments.  This means the typical American has a 78% chance of covering estimated retirement expenses in a down market, based on Fidelity’s…