Tag: economy

With mortgage rates hovering near three percent, experts say there are still a number of homeowners who could benefit from refinancing. In fact, borrowers who refinanced in 2020 to lower their mortgage rate saved over $2,800 in mortgage payments annually, according to the latest Freddie Mac research.

There has been a change in who will get stimulus checks in Washington’s next big relief package, as President Joe Biden last week agreed to new income limits. The shift came after moderate Democratic senators voiced concerns about money going to people who aren’t in dire need.

Despite a full-time job, a mother of three named Janet has been responsible for all the pandemic parenting, helping her remote-schooling kids and watching a toddler all while working at home as a grant administrator.

While the roll-out of the COVID-19 vaccine has left a lot of question marks about the future of the U.S. economy at-large, analysts expect the housing market to remain strong and stable in the coming year.

California Gov. Gavin Newsom signed a $7.6 billion coronavirus relief package on Tuesday that will give at least $600 one-time payments to 5.7 million people while setting aside more than $2 billion in grants for struggling small businesses. Newsom signed the law as Congress is debating a much larger stimulus package for the nation, a proposal that could also put money into the pockets of most Americans.