Today’s Mortgage Rates & Trends, June 9, 2022
admin The average 30-year mortgage rate and the 15-year rose to new highs since mid-May. The average rate offered for a conventional 30-year fixed mortgage moved to 5.87%, up from 5.83%…
How Business Renters Insurance Works
If you’re a small business owner who rents space for business purposes, you’ll want to understand business renters insurance. These are insurance policies created to safeguard businesses that rent commercial…
What Is In-Service Withdrawal?
Key Takeaways In-service withdrawal occurs when an employee takes funds from a qualified employer-sponsored retirement plan while still working. Certain triggering events, such as job loss, render withdrawals allowable. Different…
What Is Insider Trading?
Key Takeaways Insider trading involves purchasing or selling stocks or shares based on private information through a breach of fiduciary duty or other types of trust. The SEC can charge…
Long-Term Savings Account
Long-term savings accounts can be used to save for large purchases, college expenses, retirement, and more. You can use long-term savings to pay for one-time expenses or help manage your…
Median Rent Tops $2,000 as Americans Struggle to Buy
That’s how expensive the typical rent has gotten, evidence of just how burdensome housing costs can be whether you’re buying a home or not. The median US rent for new…
State Taxes
A mill rate, often referred to as a millage rate, is used to calculate property taxes by multiplying it by the value of a property. A mill is one one-thousandth…
What Is a Surrender Charge?
Key Takeaways Firms that sell annuities will charge a fee if you decide to surrender or cancel your annuity too early. Surrender charges are only applied during a pre-set term,…
What Is an Extended Warranty?
Key Takeaways An extended auto warranty is a service contract that covers car repairs beyond the time period of a manufacturer’s warranty. These warranties typically cover the costs to repair…
What Are Bank Reserves?
Key Takeaways Bank reserves refer to the minimum amount of cash banks must keep on hand for liquidity purposes. Reserves exist to prevent bank runs, which occur when a large…