Mortgage rates jumped up this week, hovering closer to 7%. This jump ended week’s run of dropping rates. Interest rates for 30-year, fixed-rate mortgages averaged 6.95%, Freddie Mac reported. “Mortgage rates increased this week, coming in just under seven percent,” Sam Khater, Freddie Mac’s chief economist, explained. “Both new home…

If “Failures are finger posts on the road to achievement,” as C.S. Lewis suggested, my opportunities for achievement are many. Indeed, the only reason that I have an opportunity to share this insight with you today is that I failed at one person’s version of financial advising. Although very real,…

Credit cards are a ubiquitous part of American finances as individuals seek ways to gain financially for the present and future. Regardless of age or income, credit card use is customary in the United States. In 2023, 82% of US adults had a credit card, according to the Board of…

Our country has valued hard work from our founding as a nation. The Puritan work ethic shows itself everywhere. Most working people see “hard worker” as a desirable quality in themselves and others. We often define success by how much wealth we accumulate from all that hard work. What’s wrong…

Mortgage rates reversed course this week and headed north of 7% again, following several weeks of decline, according to Freddie Mac. The average 30-year fixed-rate mortgage was 7.03% for the week ending May 30, according to Freddie Mac’s latest Primary Mortgage Market Survey. That’s an increase from the previous week…

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. During…

I’ve got good news: You’re antifragile. We, as humans, are antifragile. And our financial plans can be, too. Have you noticed how great books consistently refer to other great books? I’m currently reading Jonathan Haidt’s newest book, The Anxious Generation, specifically focused on how a couple of systemic parenting mistakes…

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. The…

Student loan borrowers in the U.S. are taking their time resuming repayments after the last pandemic-related pause expired late last year. Repayments were paused for borrowers of federal student loans from mid-March 2020, when the COVID pandemic began, and remained in effect until Sept. 1, 2023, 3½ years after the…

Adult son of a real estate investor began to notice that his father, Wealthy Dad (WD), was slipping. WD was becoming forgetful. He had purchased a lot of real estate in his younger days, and owned eight single family houses in one of the most expensive markets in the U.S.…