Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors’ opinions or evaluations. Today’s average mortgage rate on a 30-year fixed-rate mortgage is 6.85%, down 0.16 percentage point from the previous week, according to the Mortgage Research Center. Borrowers may be able to save on interest costs … Read more
Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors’ opinions or evaluations. The rate on a 30-year fixed refinance fell to 6.93% today, according to the Mortgage Research Center. Rates averaged 5.87% for a 15-year financed mortgage and 6.8% for a 20-year financed mortgage. Related: Compare … Read more
According to independent insurance-linked securities (ILS) investment manager Euler ILS Partners, the Los Angeles, California wildfires could have a significant impact on US pricing, especially if insurance industry losses were to exceed $30 billion.As we’ve been reporting, official reports state that over 17,000 structures have been damaged or destroyed by the wildfires, and the first … Read more
The impact of the historic Los Angeles-area wildfires is being broadly examined and continually refined, with updates almost daily on insured losses, total economic losses and damages, credit ratings—and lately worrying outlooks for the effect of the fires on insurance rates. Tens of thousands of properties will be ultimately lost when final counts come in, … Read more
Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors’ opinions or evaluations. Current Money Market Rates The current average money market rate is 0.55%, while the highest rate is up to 5.00%. Here are today’s money market account rates: MMA rates today Source: Curinos. Average APY … Read more
