That’s not good news for people borrowing money, but it’s a great time to have savings accounts, says Ted Rossman, chief credit card analyst at Bankrate. “The biggest benefit is for savers,” Rossman says. “You can still get over 5% on a totally liquid totally federally insured savings account. The top one-year certificates of deposit … Read more
Fuse | Corbis | Getty Images When you buy or sell a home, your real estate agent’s commissions can trim thousands of dollars off the sale price — but many consumers don’t realize you can negotiate those terms. Nearly a third, 31%, of homebuyers and sellers negotiated commissions with their agents, according to a new … Read more
While the number of home purchases has fallen – mortgage approvals in October were a third below their five-year average – many people have still managed to move to bigger homes this year. Increasing numbers have bought in cash, meaning that Savills estate agency expects cash purchasers to make up 43pc of transactions in 2023, … Read more