Personal Finance

Homebuyers nationwide need 34% more income to afford a home

Due to increasing mortgage rates and rising sale prices, homebuyers across the nation will need to earn $76,414 annually in order to afford to typical monthly mortgage payment, according to the technology-powered brokerage Redfin.

What do a barrage of big Fed rate hikes mean for Americans' wallets?

Federal Reserve Chairman Jerome Powell last week solidified expectations for a half-percentage point rate hike at the central bank's May meeting as officials look to tame red-hot inflation, a move that could have major implications for millions of U.S. households.