Mortgage

Credit Sesame on whether a falling consumer price index means inflation is dead. For most of the past two years, inflation has weighed on consumers, investors and businesses. But the latest Consumer Price Index (CPI) report indicates that prices are falling rather than rising. Does the recent decline in CPI mean the monster has been

Credit Sesame discusses consumer reaction to economic changes in 2022 at the start of 2023. 2022 is going down in recent history as The Year of Economic Changes. Most notably: Inflation soared Interest rates rose sharply Recession became a serious threat These developments pose significant challenges to household finances that persist into 2023. And yet,

Credit Sesame’s personal finance weekly news roundup January 7, 2023. Stories, news, politics and events impacting the personal finance sector during the last week. Consumers burned through $1 trillion in savings in 2022 U.S. regulators sound alarm over cryptocurrency risks Job openings remain plentiful Manufacturing activity weakened in December Mortgage applications fall to lowest level

Credit Sesame’s personal finance weekly news roundup December 31, 2022. Stories, news, politics and events impacting the personal finance sector during the last week. United States suffers more than its share of credit card fraud FTC orders Mastercard to allow competing debit card networks Holiday spending grows, but mostly due to inflation Congress passes measures

Credit Sesame analyzes the cost of bad credit to consumers. Bad habits can be hard to break and often require the right motivation. Poor credit habits are no exception. Money is a good motivator for some people. If you were offered $7,000 or $8,000, or $9,000 to change your credit habits, could you do it?

Credit Sesame discusses the recent downturn in home prices and what this may mean for home buyers. According to a recent report by the Federal Reserve Bank of New York, total mortgage debt in the United States increased by $1 trillion dollars over the past year, to reach a record level of $11.67 trillion. A

Credit Sesame’s personal finance weekly news roundup December 17, 2022. Stories, news, politics and events impacting the personal finance sector during the last week. Survey finds it’s getting more difficult to feel wealthy More people are dipping into their retirement money early Household wealth still falling Retail spending keeps pace with inflation Inflation cools off

Credit Sesame’s personal finance weekly news roundup December 10, 2022. Stories, news, politics and events impacting the personal finance sector during the last week. U.S. savings rate lowest since 2005 Many Americans getting a second job U.S. trade deficit grew in October Employment Trends Index signals a coming downturn in jobs Oil prices continue to

Credit Sesame’s personal finance weekly news roundup December 3, 2022. Stories, news, politics and events impacting the personal finance sector during the last week. Consumer confidence slips again FBI issues warning on holiday scams Black Friday sales may have beat inflation but not expectations Expect a tougher time returning gifts this year U.S. economy better

Credit Sesame on why to expect more interest rate increases. On November 2, 2022 the Federal Reserve raised interest rates by 0.75%, to a range of 3.75% to 4.0%. That was the sixth rate increase this year, for a total rate hike of 3.75%. And the Fed probably isn’t yet finished raising rates. There are