What Is an Interest-Only Mortgage and How Does It Work?

What Is an Interest-Only Mortgage and How Does It Work?

Interest-only mortgage loans largely come with a great deal of risk - but they can work well in certain situations.

First Republic Reports First-Quarter Earnings Beat

First Republic Reports First-Quarter Earnings Beat

San Francisco-based First Republic Bank reports first-quarter earnings that exceed analysts' estimates.

Best Places to Live in America That You Can Actually Afford

Best Places to Live in America That You Can Actually Afford

While affordability is key in choosing where you live, these cities also rank high for amenities, education, economy, health care, infrastructure and other lifestyle factors.

Reverse Mortgage: Types and Examples

Reverse Mortgage: Types and Examples

You've probably seen them advertised, but what is a reverse mortgage? And can it help you?

New Home Sales in U.S. Jump in February as Housing Market Firms

New Home Sales in U.S. Jump in February as Housing Market Firms

New home sales in the U.S. totaled 667,000 in February, up from a revised 636,000 in January, the Census Bureau reports. The gain was bigger than projected by economists, who had estimated February sales at 620,000.

Banks Charge Stiffer Penalties to Trap Savers in Low-Interest CDs

Banks Charge Stiffer Penalties to Trap Savers in Low-Interest CDs

DepositAccounts.com, which tracks the savings industry, says in a new report that banks are increasing early withdrawal penalties on certificates of deposit, making it harder for savers to exit and reinvest in higher-paying products as interest rates rise.

As Recession Signs Emerge, Federal Reserve Could Turn Even More Dovish

As Recession Signs Emerge, Federal Reserve Could Turn Even More Dovish

The Federal Reserve, led by Chairman Jerome Powell, said last week it will hold interest rates steady while waiting for signs that the economy is stabilizing. But traders and economists at Bank of America say the Fed could loosen monetary conditions more than previously expected, leading to an acceleration in growth and a reversal of a growing number of recent indicators pointing to recession.

Federal Reserve Signals Easier Path on Monetary Policy as Economy Slows

Federal Reserve Signals Easier Path on Monetary Policy as Economy Slows

The Federal Reserve, led by Chairman Jerome Powell, said it will hold interest rates steady in their current range from 2.25% to 2.5%, while waiting for signs that the economy is stabilizing.

What Is a Simple Interest Loan and What Are Its Advantages?

What Is a Simple Interest Loan and What Are Its Advantages?

It's easier and simpler to determine the full cost of a loan when using simple interest instead of compound interest.

Reverse Mortgages Are Beginning to Gain Acceptance

Reverse Mortgages Are Beginning to Gain Acceptance

The reverse mortgage is beginning to gain respect with financial planners thanks to tighter regulations.