Personal Finance

Mortgage rates rise ahead of September Fed meeting

Mortgage rates increased this week following rising inflation and signs of a growing economy. But you can still save more than $1,000 in monthly payments by comparing mortgage options from different lenders. Here’s what you need to know.

Consumer credit increased by nearly $5 trillion

Consumer credit balances including credit cards reached trillions of dollars in Q2 2023 as Americans turn to credit cards to deal with high inflation and meet other needs. But there are many ways to pay off debt quickly.