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The average credit score has fallen for the first time since 2013, according to FICO, the data analytics firm whose credit scoring models are used in 90% of lending decisions.In October 2023, the most recent period for which data is…

Americans have, on average, six-figure balances in their retirement accounts.Fidelity Investments' Q2 2023 retirement analysis reveals that the average balances in Americans' IRAs, 401(k)s and 403(b)s have hit $113,800, $112,400 and…

Witthaya Prasongsin | Moment | Getty ImagesSpending more money than you can reasonably afford on a home is a common problem for many new homeowners. In fact, 22% of millennial home buyers feel they're paying too high of an interest rate…

Witthaya Prasongsin | Moment | Getty ImagesWith mortgage rates nearly double what they were in 2021, homebuyers are getting hit with a double whammy.Higher interest rates have increased home-financing costs. At the same time, homeowners…

MoMo Productions | DigitalVision | Getty ImagesMany potential homebuyers balk at the thought of putting down 20% of a home's purchase price to secure a mortgage. The good news is that you can get a mortgage with a much smaller down…

The average rate for a 30-year mortgage dropped to 6.15% last week — the lowest in 18 weeks.This dip in rates provides welcomed relief for many potential homebuyers who've put their dreams on pause thanks to high mortgage interest rates,…

There's a lot that goes into the home buying process, especially if you're a first-time home buyer. One criteria mortgage lenders use to assess your mortgage application is the debt-to-income ratio (DTI). Your debt-to-income ratio is a…

Mortgages are meant to make the homebuying process more attainable for those who can't purchase a home in-full with cash. Individuals who want to buy a home with a conventional mortgage can borrow as much as $647,200 in 2022 and $726,200…

A checking account and a savings account are two basic, but very important, accounts for managing money. And while there isn't any one "correct" way for an individual to manage the money in their checking and savings accounts, there are…

Terms apply to American Express benefits and offers. Visit americanexpress.com to learn more.If you're in the market for a new credit card that offers perks such as higher rewards on dining and grocery shopping, a generous welcome bonus…