Average 30-Year Mortgage Rate Crosses Into 5% Territory
admin That’s how high the average 30-year mortgage rate got Wednesday—a milestone for a measure that was under 4% less than two months ago, according to lender data provided to The…
How to Make a Complaint
When you run into trouble with your insurance, it can be a frustrating task to manage. Whether there is a dispute over the value of a claim, a severe delay,…
What “Free and Clear” Means in Real Estate
You will often hear real estate agents and investors talk about “free and clear” real estate, but being free and clear is also an aspiration of many homeowners. The phrase…
What Are Friction Costs?
In the world of finance, friction costs are costs incurred as part of completing a transaction. These costs can be direct, such as fees charged by a broker, or less…
The Bush Tax Cuts and Their Impact on the Economy
The Bush tax cuts were two tax code changes that President George W. Bush authorized during his first term. Congress enacted tax cuts to families in 2001 and to investors…
What Is Navient?
Definition and Example of Navient Navient is a corporation based in Delaware that provides educational loan management and business processing services at the federal, state, and local levels for clients…
Explaining the Economy in Terms Kids Can Understand
The economy is talked about regularly both in the news and also often at home between parents or guardians. As kids hear things like “the economy is in good shape”…
New Unemployment Claims Drop to Fresh 52-Year Low
Initial unemployment claims dropped to a fresh low since 1969 last week, while orders for durable goods fell for the first time in five months, reports showed Thursday. Here’s a…
What Is a Life Estate?
Key Takeaways A life estate is similar to a joint tenancy with rights of survivorship in that two or more people own the property, and it passes to the survivors…
What Is SEC Form 4?
code Transaction TO Grant or award from company Q Purchase Yes Comes out d Sale or transfer back to company M Exercise of options or other derivatives While many of…