Today’s mortgage and refinance rates Average mortgage rates rose sharply yesterday. Ten days in, and February is already looking like a nightmare for those rates. So far this morning, markets
An Iowa first-time home buyer can find lots of help. That might include a special mortgage, education courses, or down payment assistance.
If you’re a Washington D.C. first-time home buyer, you face high home prices. But you may find help, including down payment assistance.
The Federal Housing Finance Agency updated its Covid lending guidance for self-employed home buyers. See the latest requirements.
As a Maine first-time home buyer, you could be in line for a special mortgage, home buyer education, and potentially down payment assistance.
Today’s mortgage and refinance rates Average mortgage rates nudged higher yesterday. But something odd happened that day. Markets were spooked by the prospect of an imminent Russian invasion of Ukraine.
Mortgage rates vary widely by credit score. So what does your score get you? And what can you do to qualify for a lower rate?
Learn how to refinance your mortgage with this simple, step-by-step guide.
Are you ready to start the process of buying a house? Here’s the first step you need to take.
Today’s mortgage and refinance rates Average mortgage rates edged a little lower yesterday. But they closed on Friday evening just a tiny bit higher than they did seven days earlier.
With the Federal Reserve adjusting its monetary policies to combat inflation, interest rates should continue to grow in 2022.
A VA loan refinance can help you reduce your monthly payment or take cash out. Discover the pros and cons of your options.
Learn about the upfront costs of buying a home so you know exactly what you need to save for as a first-time home buyer.
If you itemize your taxes you can make mortgage tax deductions. But what’s deductible and what isn’t? Here’s our helpful guide.
Today’s mortgage and refinance rates Average mortgage rates fell a little yesterday. The end of this week was kinder than the start. But mortgage rates still closed on Friday a
Explore benefits of the FHA loan for first-time home buyers, including low down payments and flexible loan requirements.
Is it cheaper to build or buy a house? Endless variables can change the answer. But this article can help you weigh the costs and benefits of both options.
First-time home buyer government programs include special loan options, down payment assistance, and homebuyer education. Learn more here.
Today’s mortgage and refinance rates Average mortgage rates rose appreciably yesterday. The terrible start to 2022 has continued, despite a couple of worthwhile falls. And those rates are back up
Learn how to get a mortgage, choose a lender, and find the best deal on your home loan in this episode of The Mortgage Reports Podcast.
The Fed could rates interest sooner than expected in 2022. Here’s what it means for your mortgage rate if you hope to buy or refinance.
Today’s mortgage and refinance rates Average mortgage rates nudged higher again yesterday. It’s been a dreadful start to 2022 for those who haven’t locked their rates yet. There have been
Mortgage points affect the interest rate you get when you finance a home. When is it smart to buy mortgage points, and when should you avoid them?
Home prices are on the rise in 2022. But you may still find affordable houses in these states and cities.
An Oregon first-time home buyer can access loads of support and assistance — often including cash help with their down payment.
Michigan first-time home buyers have plenty of options, from low-down-payment loans to home buyer grants and other assistance.
Freddie Mac’s HomeOne loan can help first-time home buyers qualify with a low down payment and flexible requirements. Find out if HomeOne is right for you.
In can be harder to get a VA loan offer accepted in a competitive market. Learn why some sellers don’t like VA loans and how to improve your chances.
Today’s mortgage and refinance rates Average mortgage rates only edged a bit higher yesterday. But that was enough to take them to their highest level since April. The good news
A new bill in Congress aims to provide a hugely valuable boost to low-income first-time homebuyers. Find out if you might benefit.
Today’s mortgage and refinance rates Average mortgage rates fell again yesterday. That’s great news. But it’s much too soon to treat recent decreases as a trend. It’s possible they’ll turn
It’s tough to buy a house with low income or poor credit. A co-borrower can help. Learn when to consider buying with a co-borrower and what to expect.
Finding the best cash-out refinance rate can maximize the vale you get from your home equity. See which lenders have the lowest cash-out rates and fees.
30-Year mortgage rates just passed 3% for the first time since June. And with big changes driven by the Fed, higher rates could be here to stay this time.
Today’s mortgage and refinance rates Average mortgage rates did fall yesterday. But only by the smallest measurable amount. Of course, these rates remain incredibly low by historical standards. But they’re
Today’s mortgage and refinance rates Average mortgage rates rose yet again yesterday. But it was a modest rise and nothing like as damaging as appeared possible first thing that morning.
First-time home buyers in Ohio can access plenty of help, from special loan programs to cash assistance with their down payments. Learn more here.
Today’s mortgage and refinance rates Average mortgage rates rose yet again yesterday. But only by the smallest measurable amount. Hopes that yesterday’s tiny fall represented an end to recent rises
Today’s mortgage and refinance rates Average mortgage rates rose again last Friday. But, luckily, the increase was much more moderate than the one on the previous day. These rates remain
Maryland first-time home buyers can use a wide variety of loan programs and grants to help them purchase a home. Learn about your options here.
Refinancing can be a great way to pay for home improvements, whether you use a cash-out refi or a renovation refinance loan. Explore your options here.
Today’s mortgage and refinance rates Average mortgage rates rose yet again yesterday. Thank heavens the rise was much less sharp than Thursday’s. Still, those rates on Friday evening were roughly
Today’s mortgage and refinance rates Average mortgage rates rose significantly yesterday. It may have been a delayed reaction to the Federal Reserve’s events on Wednesday. But other factors might have
It may be possible to refinance without an appraisal, but only if you meet certain requirements. Learn about appraisal waivers and no-appraisal refinancing.
Following a Fed meeting on Sept. 22, it looks highly likely that mortgage rates will rise soon — potentially as early as October or November.
Today’s mortgage and refinance rates Average mortgage rates just inched higher yesterday. So we dodged a bullet as the Federal Reserve decided yesterday to kick its can just a little
Today’s mortgage and refinance rates Average mortgage rates held steady yesterday. It’s as if key markets are holding their breath as they await the Federal Reserve’s crucial statement (2 p.m.
When you want to pull cash from your home, you’ll need to decide between a home equity loan vs. mortgage. Here’s how to choose wisely.
There’s plenty you’ll want to know as a first-time home buyer. Here are 10 of the best tips from mortgage advisor Ivan Simental to help you get started.
Today’s mortgage and refinance rates Average mortgage rates edged lower yesterday. It was a welcome relief after much bigger rises at the end of last week. But, of course, current
Today’s mortgage and refinance rates Average mortgage rates rose appreciably last Friday. I wasn’t expecting that. And I explored the likely reasons In last Saturday’s weekend edition of this column.
Here are four good reasons to refinance now, according to mortgage expert Arjun Dhingra. Find out if a refinance is the right move for you.
Today’s mortgage and refinance rates Average mortgage rates rose appreciably yesterday. That was unexpected. So read on to discover what happened. Next week brings a potentially pivotal event for mortgage
Today’s mortgage and refinance rates Average mortgage rates nudged higher yesterday. It wasn’t a big jump. But it very nearly wiped out recent falls. Still, these rates remain uberlow. First
Today’s mortgage and refinance rates Average mortgage rates held steady yesterday. So they remain extraordinarily low. It’s looking as if mortgage rates today may nudge upward. This morning’s retail sales
Investment property and second home loans should be getting cheaper, as the FHFA has paused a rule that was increasing rates and fees.
Cash-out refinance rules in Texas are a little different from the rest of the country. Learn about current Texas cash-out refi requirements and guidelines.
If you’re buying a new construction home, the builder may have a preferred mortgage lender. Should you work with this company? Here are the pros and cons.
Today’s mortgage and refinance rates Average mortgage rates inched lower yesterday. And the last time they rose was a week earlier. All this is fantastic news, given how low these
Here are 7 things you should never do before buying a house. Follow these best practices to give yourself the best shot at mortgage approval and a low rate.
Today’s mortgage and refinance rates Average mortgage rates held steady yesterday. So they remain close to the all-time low. Judging from early activity in markets, mortgage rates today may ease
Today’s mortgage and refinance rates Average mortgage rates inched lower again last Friday. But, with rises almost canceling out falls, the week ended very close to where it started. Still,
Today’s mortgage and refinance rates Average mortgage rates inched lower yesterday. But they’ve barely moved over the week as rises and falls continue to all but cancel each other out.
Today’s mortgage and refinance rates Average mortgage rates inched lower again yesterday. So they show little sign of moving out of the narrow range within which they’ve been drifting without
If you’re a Georgia first-time buyer, you’re in luck. The state offers loads of help — perhaps including cash assistance with your down payment.
Minnesota first-time home buyers have access to resources, special mortgage programs, and even grants or loan to help them buy a home.
The Freddie Mac Home Possible mortgage is a low-down-payment loan program meant to help low-income families buy or refinance a home.
There are a few downsides to refinancing. But if you can lower your rate, payment, and overall cost, refinancing is often worth it. Learn more here.
Today’s mortgage and refinance rates Average mortgage rates rose yesterday — and over the week. However, the changes have been tiny, with rises and falls continuing to very nearly cancel
How does inflation affect investments — and in particular, real estate? Learn about housing and inflation, and whether it makes sense to buy right now.
Today’s mortgage and refinance rates Average mortgage rates edged lower yesterday. And they remain exceptionally low while drifting within the tight range that has been around for a few weeks
Are there home loans for nurses? You bet! Indeed there aren’t just special home loans for nurses, there are even grants to help you buy a home.
Today’s mortgage and refinance rates Average mortgage rates nudged down last Friday. But, overall, there was no change over the week. And recent daily movements have generally canceled each other
Today’s mortgage and refinance rates Average mortgage rates nudged lower yesterday. But the week’s rises and falls have canceled each other out. And Friday evening’s average rate was precisely the
Today’s mortgage and refinance rates Average mortgage rates held steady yesterday. Once again, they changed direction during the day. Mortgage rates today are unpredictable. That’s less of a cop-out than
Shopping for a mortgage can easily save you hundreds or thousands. Learn how to shop for a mortgage and effectively compare quotes and interest rates.
Today’s mortgage and refinance rates Average mortgage rates nudged higher yesterday. And they’re now near the top of the narrow change within which they’ve been moving for a month or
Today’s mortgage and refinance rates Average mortgage rates inched lower yesterday, effectively canceling out Monday’s equally tiny rise. So those rates remain becalmed for the time being. And that’s a
Today’s mortgage and refinance rates Average mortgage rates moved higher yesterday. But only by the smallest measurable amount. So they remain exceptionally low. And mortgage rates today look likely to
Review of North American Savings Bank mortgages showing how NASB compares to other top lenders for mortgage rates, loan options, and service.
American homeowners have never before had so much home equity. But how do you take equity out of your home? And should you? Learn more here.
Massachusetts first-time home buyers can take advantage of special loan programs and even home buying grants, in some cases. Learn more here.
Discover loan programs, grants, and home buying help for North Carolina first-time home buyers. Buying a home in NC may be easier than you think.
Today’s mortgage and refinance rates Average mortgage rates held steady last Friday. And they ended the week just a shade lower than they started it. So they remain near their
Today’s mortgage and refinance rates Average mortgage rates held steady yesterday. And the same goes for the week, too. They fell by an almost imperceptible amount over those five business
Today’s mortgage and refinance rates Average mortgage rates fell yesterday, wiping out Wednesday’s rise. And they begin this morning just a shade lower than they were at the same time
Today’s mortgage and refinance rates Average mortgage rates nudged higher yesterday. Since the start of August, on business days, we’ve had six falls and six rises, plus one no-movement day,
Should you refinance or pay extra? That depends on your current mortgage and your financial goals. Explore the pros and cons of both options.
Today’s mortgage and refinance rates Average mortgage rates held steady yesterday. They’re still higher than they were at the start of the month. But recent falls have taken the edge
Today’s mortgage and refinance rates Average mortgage rates edged lower yet again yesterday. So they’re heading the right way. However, recent falls have been smaller than recent rises. So there’s
Today’s mortgage and refinance rates Average mortgage rates inched lower last Friday. But, in spite of that making three consecutive days of falls, those rates were higher on Friday evening
You typically need a two-year job history to buy a house. But there are exceptions to that rule. Learn how to buy a house without a two-year job history.
Today’s mortgage and refinance rates Average mortgage rates inched lower yesterday. Although that makes three consecutive business days of falls, the week ends with those rates higher. Because Monday and
Today’s mortgage and refinance rates Average mortgage rates just inched lower yesterday. But the drop was even smaller than Wednesday’s. And they barely made a dent in recent increases. Still,
Your mortgage lender might pull up a lower credit score than you thought you had. Here’s why, and how to check the right credit score before you apply.
A new rule from Fannie Mae will help renters buy homes. If you have little or no credit history, rent payments can now help you qualify for a mortgage.
Today’s mortgage and refinance rates Average mortgage rates edged lower yesterday. That was a welcome relief after five straight business days of rises. Early movements in markets this morning suggest
Today’s mortgage and refinance rates Average mortgage rates moved higher again yesterday. Each recent rise has been moderate or modest. But they’re beginning to add up. Still, those rates remain
Down payment assistance can help put you in a home if you’re short on cash savings. Learn about 4 kinds of down payment assistance and how they work.
Today’s mortgage and refinance rates Average mortgage rates moved higher again yesterday. Let’s not get carried away yet. They’re still extraordinarily low. And you have to go back only to
The VA Streamline Refinance (IRRRL) can be a fast and easy way to lower your VA mortgage rate and payment. But when is refinancing worth it?
First-time home buyers in Pennsylvania have access to special loan programs, grants, and resources that can help ease the home buying process. Learn more.
First-time home buyers in Virginia have access to special loan programs, grants, and resources that can help ease the home buying process. Learn more here.
Today’s mortgage and refinance rates Average mortgage rates rose appreciably last Friday. It was the end of a bad week for mortgage rates. But they remain extraordinarily low by any
Today’s mortgage and refinance rates Average mortgage rates rose yesterday. And, after three consecutive business days of rises, they’re back up to a level last seen on July 20. That’s
Today’s mortgage and refinance rates Average mortgage rates rose again yesterday. And they begin this Friday only a little lower than they did this time last week. This morning’s excellent
Today’s mortgage and refinance rates Average mortgage rates unexpectedly edged higher yesterday. Read on to discover how a speech by a senior Federal Reserve figure managed to turn markets around.
The best mortgage lenders for first-time buyers offer helpful guidance, flexible loan programs, and great customer service. Explore your options here.
Today’s mortgage and refinance rates Average mortgage rates edged yet lower yesterday. I wouldn’t have believed it possible, but just a day or two of further falls could see them
Today’s mortgage and refinance rates Average mortgage rates nudged down again yesterday. And they’re now within touching distance of the all-time low. First thing this morning, it was looking as
Cash-out refinance rates are a little higher than standard refi rates. But savvy shoppers can still find a great deal. Learn about cash-out refi rates here.
Today’s mortgage and refinance rates Average mortgage rates edged down last Friday. So they start August at their lowest point for several months. And are tantalizingly close to their all-time
The NACA program is a special mortgage with no down payment or closing costs. But only certain home buyers qualify with NACA. Learn more here.
Today’s mortgage and refinance rates Average mortgage rates edged downward yesterday. And the mostly slow drift toward lower rates continues. Mortgage rates may well continue to drift lower next week.
You may be able to buy a home on $50,000 a year with today’s low interest rates and special mortgage programs. Learn more here.
Learn how to become a landlord in 7 steps; from buying a rental property to managing and maintaining your home(s). Here’s all you need to know.
You don’t need 20 percent down to buy a house. And even if you have the cash, putting 20 down might not be the best move. Explore your options here.
A new mortgage relief plan from President Biden will reduce mortgage payments by 20 to 25 percent for eligible borrowers. Learn about relief options here.
Should you pay discount points for a lower mortgage rate? The savings can be huge. But discount points aren’t right for everyone. Learn more here.
Today’s mortgage and refinance rates Average mortgage rates fell again yesterday. But only by the smallest measurable amount. Those rates would likely have risen this week were it not for
Learn how to qualify for a mortgage with self-employed, seasonal or freelance income. There are no tax documents required for this mortgage program.
Learn how to make a cash offer on a house and improve your chances in a bidding war. Today, there are even cash offer options for buyers without cash.
A mortgage letter of explanation may be required if there are red flags on your application. Here’s a simple guide to writing a letter of explanation.
The Adverse Market Refinance Fee made it more expensive to refinance over the last year. Now, that fee has been removed. Learn more here.
Today’s mortgage and refinance rates Average mortgage rates unexpectedly fell yesterday. And by a worthwhile amount. They’re still a way off their all-time low, set in January. But they’re inching
How soon can you refinance? Most homeowners have no waiting period, or only have to wait six months after buying or refinancing. Learn more here.
Down payment assistance is widely available, but many who qualify don’t even know about it. Find out if you qualify for home buying help.
Teacher mortgage programs can offer savings on your down payment and closing costs. But are teacher home loans a better deal than ‘standard’ mortgages?
Buying a house with bad credit can be challenging — but it’s not impossible. Here are a few expert tips to successfully get a mortgage with lower credit.
Can you unlock a mortgage if interest rates fall after locking in? Learn about your options for getting a lower rate after locking.
With mortgage rates at historic lows, refinancing is a great way to save money. But what does the refinance process actually look like? Find out here.
If you receive an MI removal notification letter, what should you do? Read this to discover how MI works, and how to remove MIP or PMI from your home loan.
Should you buy a home right now? That depends on your budget, location, and financial plans. Learn about the pros and cons of buying a house right now.
Today’s mortgage and refinance rates Average mortgage rates just inched higher yesterday. But that was the first increase this week. And they’re appreciably lower than they were last Friday. So,
New Jersey first-time home buyers can access a wealth of resources, loan programs, and even financial assistance. Here’s what home buyers in NJ should know.
New York first-time home buyers have access to a wide range of advice, loan programs, and down payment assistance grants. Learn more here.
Buying a house with parents or an adult child can be more affordable and more convenient. But the process is a little more complicated. Here’s what to know.
The best cash-out refinance lenders offer low interest rates, affordable fees, and great service. Learn more about the 8 best cash-out lenders here.
The cost of buying a home is on the rise. But don’t give up. Home buying can still be affordable if you follow these 8 tips to lower your costs.
Today’s mortgage and refinance rates Average mortgage rates edged lower yesterday. Because markets shrugged off that day’s better-than-expected employment situation report. More on that below. Once again, I’m guessing that
The unemployment rate in June was 5.9%.
A cash out refinance on a rental property is a great way to get money out of your investment. Especially with refinance rates near all-time lows.
The HIRO program (high-LTV refinance option) lets homeowners refinance into today’s low mortgage rates with little or no equity and easier documentation.
The Biden Administration wants to prevent the world’s largest companies from avoiding taxes by shifting profits abroad.
A new bill aims to create a zero-down home loan program for teachers, firefighters, police, and other first responders. Here’s what you should know.
Almost $390 billion in relief money has been distributed to Americans since President Biden signed the American Rescue Plan In March.
Learn about minimum requirements for a VA home loan. Find out if you qualify based on credit score, income, loan limits, and property requirements.
Today’s mortgage and refinance rates Average mortgage rates were unchanged yesterday. So they’re just a little lower than they were a week ago. But way higher than two weeks ago.
Making an offer on a house can be scary, especially if you want it very badly. Here’s how to make a successful offer, or at least avoid making a bad one.
New Poll Finds 52% Of Americans Believe $300 Weekly Federal Unemployment Boost Should End Immediately
At least 12 states have already stopped paying the benefit.
Final approval from the underwriter is a big step, but it’s not the last step. Your lender will conduct a final review and some quality control.
A mortgage teaser rate is a low introductory rate that can rise later on. These interest rates offer great deals, but they can be risky. Learn more here.
Will rates drop again in 2021? Or will they keep going up? We asked 10 experts for their mortgage rate predictions. Here’s what we found.
As Vice President Harris Talks Up Child Tax Credit, Here’s What You Really Need To Know About Monthly Payments Starting In July
Payments will hit bank accounts every month between July and December.
A Big Bipartisan Deal On Infrastructure Is Unlikely, Making Democrat-Backed Tax Hikes More Likely, According To Goldman Sachs
Here’s how Wall Street analysts see Washington drama playing out.
Today’s mortgage and refinance rates Average mortgage rates rose yesterday, though only by the smallest measurable amount. Still, that came as a relief after a solid week of rises that
This podcast covers low- and zero-down first-time home buyer loans. Get advice for home buying and paying closing costs with very little out of pocket.
Learn about current USDA eligibility requirements and income limits to qualify for a zero-down USDA mortgage.
Closing costs can take a big bite out of your savings. But there are closing cost assistance programs to help you cover the fees. Learn more here.
How FHA mortgage insurance premiums work, and how to cancel your monthly MIP. With the right steps, eliminate FHA MIP in 30 days or fewer.
The central bank’s committee did acknowledge that it expects hikes at the end of 2023, earlier than its previous projections.
An energy efficient mortgage lets you buy or upgrade a green home with energy efficient improvements. Check your EEM options here.
The Fed says price spikes are transitory, but not everyone agrees.
California has countless sources of advice, education, and financial help for first-time home buyers. Learn about programs, grants, and loan options.
First-time home buyers in Colorado have access to low- and no-money-down loan programs. Some may even qualify for grants to cover their down payment.
More buyers are making cash offers in today’s market. As a home buyer using a mortgage loan, how do you compete? Here are 7 strategies to help you win.
The first advance payment of the credit will hit bank accounts on July 15.
Today’s mortgage and refinance rates Average mortgage rates fell yesterday, a possibility we predicted. But the drop was bigger than expected. And they’re now at their lowest level in more
There are 26 states that will stop paying the federal supplement before it is set to expire on September 6.
More than two-thirds of companies with the highest CEO pay had larger gaps between executive and worker compensation in 2020 than they did before the pandemic.
Countless programs offer grants to buy a house. There are grants for first-time and repeat home buyers in every state, and some from mortgage lenders.
Errors on credit reports can result in higher interest rates and loan denials.
The top 25 lenders ranked for the lowest mortgage rates and fees. Plus, tips on how to find the best mortgage rates for your unique situation.
Mobile home refinancing is possible, as long as your home meets certain requirements. Learn how to refinance a manufactured home at today’s rates.
Using confidential IRS data, ProPublica found that the richest 25 Americans including Jeff Bezos and Warren Buffett often pay very little or no federal income tax.
Richest Americans—Including Bezos, Musk And Buffett—Paid Federal Income Taxes Equaling Just 3.4% Of $401 Billion In New Wealth, Bombshell Report Shows
Warren Buffett, a vocal advocate of higher income taxes on the rich, paid just 0.1%–a reflection of how little income he realized compared to his wealth.
Supply chain disruptions, especially in the semiconductor industry, have led to production slowdowns.
Stipend income typically doesn’t count as income for a mortgage. But it might still help you qualify. Here’s what to know before you apply.
If you’re a first-time home buyer in Florida, you stand to get plenty of help — from advice and education to down payment grants and loans. Learn more here.
Advance payments of the newly expanded and fully refundable credit of up to $3,000 per qualifying child will hit bank accounts once a month between July and December.
If you’re a first-time home buyer in Texas, you could be in line for assistance. Find out how to qualify for TX first-time home buyer programs and grants.
Today’s mortgage and refinance rates Average mortgage rates ended up holding steady yesterday. That morning, they’d looked likely to fall as a result of the employment report. But they ended
Some states are flush with tax revenue and federal aid money.
Experts have said labor shortages will ease in the fall once the benefit expires and children return to school.
The unemployment rate fell to 5.8%, but 9.3 million Americans are still out of work.
The president proposed a tax floor of 15% for some businesses that now pay less, rather than a hike of the corporate rate to 28%, the Washington Post reported.
Home prices are on the rise. How much income do you need to buy a house in today’s market? With good credit and savings, it might be less than you think.
The bank temporarily waived the fees during the pandemic.
The ecommerce giant spent nearly $34 billion on domestic investment last year, more than double the runners up: Verizon at $16.1 billion and AT&T at $15.6 billion.
With the pause in repayment of federal student loans due to end Sept. 30th, the issue is very much still alive, even if it’s not baked into the budget.
The President wants to spend trillions to modernize American infrastructure and shore up support for children and families, paid for with tax hikes on corporations and the ultra-wealthy.
Today’s mortgage and refinance rates Average mortgage rates inched a little higher yesterday. But they ended the week just a touch lower than on Monday morning. Mortgage rate movements next
The White House will release a $6 trillion budget plan amid complaints from the GOP about wasteful spending and ruinous debt, but their guy also added to the national debt big time.
When should you lock a mortgage rate? Ideally, after you’re approved for the loan and found the lender offering your lowest rate.
The $6 trillion budget plan would take spending to the highest level since World War II.
A total of 24 red states have already decided to stop paying the supplement.
Americans Are Mildly Optimistic About The Economy, According To New Survey—But Women And Minorities Skeptical Of Their Own Opportunities
Black Americans were more than 4 times more likely than white Americans to say that their race is a barrier to their future job opportunities.
Here’s Why Spiking Inflation And Labor Shortages Won’t Tank The Economic Recovery, According To Experts
Moody’s chief economist Mark Zandi says the pressures will be temporary.
Mortgage requirements are easing up. That’s good news for home buyers. It may be easier to buy with low credit or a low down payment than it was in 2020.
Does refinancing hurt your credit? Done correctly, the effects of refinancing should be tiny. But you need to know how to protect your score.
Today’s mortgage and refinance rates Average mortgage rates barely moved on Friday. And that brought to an end a week in which they’d edged upward. But such a small change
Republicans and the White House met to discuss the new offer on Friday afternoon.
Amazon, Chipotle, Under Armour and McDonald’s have all announced wage hikes.
New reporting requirements on crypto, along with other measures, would help raise $700 billion over the next decade.
Closing a mortgage often takes 45-60 days, depending on your loan type, application, and whether you’re buying a home or refinancing.
Biden Administration Doesn’t Think It Can Force States To Pay $300 Unemployment Benefits, According To Report
At least 21 red states have said they will stop paying the federal supplement.
A new survey finds only 1% of CEOs think economic conditions will get worse.
As Fears Of Worker Shortages Grow, White House Economists Say Covid-19 Is To Blame—Not $300 Unemployment Benefits
They also expect companies to raise wages to attract workers.
Customers’ children as young as 13 will be eligible for their own brokerage accounts at the investment firm which is joining fintechs like Greenlight in courting the next generation of investors.
Investment property mortgage rates are above current market rates. Learn what impacts your rate and how to find the best rental property financing.
What’s the relationship between mortgage rates and inflation? Learn why high inflation might cause mortgage rates to go up this year.
In nearly three-quarters of U.S. states, claimants must prove they’re actively job hunting to keep getting benefits.
In nearly three-quarters of U.S. states, claimants must prove they’re actively job hunting to keep getting benefits.
Today’s mortgage and refinance rates Average mortgage rates just edged lower yesterday. It was a welcome end to a poor week for those rates. Because that saw rises (some appreciable)
Companies facing labor shortages are offering bonuses and even higher starting salaries to attract new employees. But will the changes last?
Learn about the financial steps to building a house. This guide covers construction costs, loan options, construction loan rates, and more.
The VA Energy Efficient Mortgage (EEM) is a special loan program to finance the cost of energy-efficient improvements with low rates and zero down.
Sanders Urges Biden Administration To Block Red States From Cutting Some Federal Unemployment Benefits—Even If Governors Want To
States must continue to pay special federal benefits to gig workers, freelancers and the self-employed, and those who have left jobs because of Covid-19 safety concerns, Sanders argues.
The pay increases are only for company-owned stores, not franchises.
Commercial airlines struggled while defense companies held steady on the 2021 edition of the Forbes Global 2000.
Refinance requirements can be tricky, but the rewards are often huge. Find out what you need to meet basic refinance requirements and start saving.
Is buying a house a good investment? It depends on your goals. A house is a great investment if you need a place to live, but may not maximize your returns.
Learn how to apply for a VA home loan. Follow this step-by-step process to access your VA home loan benefits and buy or refinance a house at a low rate.
Today’s mortgage and refinance rates Average mortgage rates tumbled by a worthwhile amount yesterday. We’ll address why later. And discuss the risk that they’ll bounce back quickly. Mortgage rates next
From Chicken Wings To Mother’s Day Flowers, Here Are The Shortages You Need To Know About—Plus A Few Gluts
The pandemic has upended global supply chains and disrupted the delicate balance of supply and demand in many industries.
Are you FHA Streamline Refinance eligible? Use this easy-to-follow format. Updated for newest changes to FHA MIP. Today’s FHA rate quotes available.
Making a large downpayment is not the conservative investment you believe it is. The risks of putting 20% down on a home are real. Know what you should do.
Biden officials and the Fed insist inflation is no big threat, but investors seem to be bracing themselves anyway.
It’s possible to get a home equity loan or HELOC on a second home. But rates are a little higher and lending rules are stricter. Learn more here.
Biden’s American Families Plan Would Cost $700 Billion More Than White House Estimate, Researchers Find
The Penn Wharton Budget Model predicts the AFP would cost $2.5 trillion over ten years.
Unemployment is back to pre-pandemic levels in some states, consumer spending on durables is soaring and Amazon had its best first quarter ever.
The world’s most popular cryptocurrency is up 89% this year.
A new refinance option from FHFA could help low-income homeowners save $2,000 per year or more. Learn about program rates and requirements here.
Today’s mortgage and refinance rates Average mortgage rates edged lower yesterday. In the first half of April, rates fell appreciably. But in the second half, they’ve barely moved. We’ve been
Today’s mortgage and refinance rates Average mortgage rates just inched downward yesterday. And that was quite a surprise. All the signs first thing that morning suggested a rise. Key markets
Five Budget-Busting—Or Tax-Raising—Progressive Priorities Biden Left Out Of His American Families Plan
Think $1.8 trillion is expensive? That price tag could have been a lot higher.
Today’s mortgage and refinance rates Average mortgage rates held steady yesterday. And that continues a recent pattern of slowing falls. Do recent increases signal the resumption of 2021’s rising trend?
All other taxpayers can request an extension to file, but 2020 payments still need to be in by May 17, or penalty interest may be charged on the balance due.
Pent-up demand, stimulus checks and vaccines helped fuel the boom.
16.6 million people are now receiving some form of government jobless benefit.
A gift of equity can be a huge help when buying a home. But buyers and sellers have to follow the rules, and there may be tax implications. Learn more here.
Heirs and hedge fund managers might take a hit, but tens of millions of families and lower-paid young singles will come out ahead with fatter tax credits.
Biden’s proposed $15,000 home buyer tax credit is now in Congress, along with a $25,000 home buyer grant. Learn about what both programs would entail.
Today’s mortgage and refinance rates Average mortgage rates edged higher again yesterday. Over the last eight working days, four have seen rises. But the falls have been a little bigger.
There’s money for free pre-k and free community college and an extension of the bulked-up child tax credit, paid for with higher taxes and more tax enforcement for the rich.
Today’s mortgage and refinance rates Average mortgage rates inched higher yesterday. It was only the third rise in April. But also the third over the last seven working days. Still,
Biden Reportedly Wants Another $80 Billion For The IRS To Crack Down On Tax Evasion And Fund His American Families Plan
The tax gap has risen to $1 trillion per year, the IRS commissioner told Congress this month.
National Economic Council director Brian Deese said 150 million American households won’t see any investment tax changes at all.
10 Numbers That Sum Up The Dire Backlog At The IRS—And Its Impact On Taxpayers—As The May 17th Deadline Approaches
The agency is answering just one in 50 calls for help on its individual tax return phone lines.
Analysts are predicting a boost of at least 2% this year thanks to digital trends accelerated by the coronavirus pandemic.
Today’s mortgage and refinance rates Average mortgage rates edged a little lower last Friday. And that continued an April run that has so far seen only two rises this month.
How much should your mortgage be? It’s all about how large of a monthly mortgage payment you can comfortably afford. Learn how to find the answer.
Inflation’s Mixed Basket: 7 Things That Will Cost You More—And 3 That Will Cost You Less—In The Covid Recovery Economy
Why you need to stock up on wine, used cars, diapers and potted plants now.
Today’s mortgage and refinance rates Average mortgage rates edged lower yesterday. And, following on from a consistent upward trend since January, there have been only two modest rises so far
Today’s mortgage and refinance rates Average mortgage rates edged lower yesterday. They’d looked likely to rise earlier in the day. But they changed course during the afternoon on concerns about
38 Democrats Ask Biden To Make More Generous Unemployment Benefits Permanent In His Infrastructure Plan
The lawmakers want to expand eligibility, establish automatic triggers and create a federal standard for states to follow.
Biden’s plan to hike capital gains taxes spooked investors.
Today’s mortgage and refinance rates Average mortgage rates just inched lower yesterday. And they start today pretty much back to where they were last Thursday, which was their lowest point
The Dow plunged 400 points on the news.
The labor market’s recovery is gaining steam.
Today’s mortgage and refinance rates Average mortgage rates edged lower yesterday. That followed two consecutive working days of modest rises. So it might suggest the push to higher rates is
Today’s mortgage and refinance rates Average mortgage rates edged higher again yesterday. It was the second consecutive working day of rises. But followed weeks of falls. There was very little
Historic home renovations can be expensive. Luckily, there are loans, grants, and tax breaks that can make the renovation process more affordable.
Stock trades would be taxed at 0.5% under the bill.
The president wants to hike the top individual tax rate and raise more money from the wealthiest Americans through capital gains, estate and other tax changes.
Repealing The Cap On State And Local Tax Deductions Would Widen The Racial Wealth Gap, New Study Shows
Democrats from high tax states pushing for full SALT deductions face opposition from their left flank–as well as from Republicans.
A VA construction loan lets you buy land, build a home, and finance the mortgage with 0% down. But these loans can be hard to find. Learn more here.
Today’s mortgage and refinance rates Average mortgage rates edged higher last Friday. It was the first rise since the closing days of March. But it’s way too soon to think
The company said rising commodity costs are the reason for the hikes.
Goldman Sachs Says Stock Picking Becoming Harder But Tesla, Twitter And Etsy Have Potential. Here’s Why.
Experts at the investment bank say key market catalysts in the coming months are more likely to be “micro” factors than “macro” ones.
Central banks across the globe are dipping their toes into digital money.
What is an HFA loan? Learn about the 3-percent-down HFA Preferred and HFA Advantage programs here. Rates and requirements included.
Today’s mortgage and refinance rates Average mortgage rates rose yesterday. It was only a small increase. But it was the first since the final days of March. Does the first
Today’s mortgage and refinance rates Average mortgage rates fell yesterday. And it was the biggest single drop in weeks. Indeed, two or three more of those could see average rates
The president wants to crack down on tax avoidance and profit shifting by multinational companies.
Heavy losses in the first quarter of 2020 pushed growth figures higher.
Today’s mortgage and refinance rates Average mortgage rates edged lower yet again yesterday. Each fall is small. But they’re beginning to add up. And they may get better yet. In
The billionaire CEO is preparing to step down this year.
16.9 million people are now receiving some form of government unemployment benefit.
CFPB has proposed extending the foreclosure moratorium through Dec. 31, 2021. That would mean no COVID-related foreclosures until 2022. Learn more here.
Today’s mortgage and refinance rates Average mortgage rates edged lower again yesterday. And that means we haven’t seen a rise since the end of March. Mortgage-backed securities (the bonds that
An FHA construction loan lets you buy land, build a house, and finance a mortgage — all with one loan. But the process and requirements can be complicated.
Today’s mortgage and refinance rates Average mortgage rates inched lower yesterday, again by the smallest measurable amount. It was a repeat of last Friday when a rise looked likely early
Thanks to crypto, tax evasion by the wealthiest and more.
Government officials have stressed that a short-term bounce in consumer prices is expected and manageable.
Today’s mortgage and refinance rates Average mortgage rates inched lower last Friday. That was a nice surprise. Because earlier in the day they’d looked likely to edge up. This morning,
St. Louis Fed President Says Central Bank Could Discuss Tightening Policy With 75% Of People Vaccinated
22.3% of the population was fully vaccinated as of April 12, according to the CDC.
Some are sounding the alarm that President Biden’s multitrillion-dollar spending plans will overheat the economy.
Biden has said he is “willing to negotiate” a smaller increase.
Today’s mortgage and refinance rates Average mortgage rates fell yesterday. But only by the smallest measurable amount. Still, that was a surprise because earlier in the day they’d looked likely
The Trump tax reform conspicuously targeted high-tax Democratic states. Now that they’re in control, some Democrats have made undoing the damage a priority.
If you want to save more money by refinancing your house, make sure to compare refinance rates and lenders. Tips for getting the best refinance rates here.
Self-employed first-time home buyers face obstacles other buyers don’t. Learn what to expect and how to get mortgage-approved.
Use these step-by-step instructions for accepting a cash downpayment gift on a home, including a ready-to-use mortgage gift letter template.
He added that “we’ve got to pay” for his multitrillion-dollar infrastructure spending plan somehow.
The 15% minimum tax would only apply to companies with reported earnings of more than $2 billion.
The billionaire CEO credits pent-up savings, stimulus spending, easy Fed policy, vaccines and “euphoria” around the end of the pandemic.
USDA loan limits have changed. New USDA loan limits range from $285K to $657K depending on your area. Find out how much house you can afford.
Payments for recipients of Veterans Affairs benefits will hit bank accounts on April 14.
Emerging markets and developing countries will suffer greater losses.
Many experts are saying it’s a horrible time to buy a house. But that’s not true for everyone. Here are 5 reasons it could be a great time to buy a home.
Infrastructure spending takes time to ramp up, but new corporate taxes don’t.
The Treasury Secretary will argue that the tax creates “a more level playing field.”
Requirements to buy a house aren’t as strict as you might think. Requirements for credit, income, and down payment are lenient for first-time home buyers.
Today’s mortgage and refinance rates Average mortgage rates held steady yesterday. Turns out I was right last Saturday when I predicted that “mortgage rates might rise modestly” this week. But
Bullish Jobs Prediction: Bank Of America Says Employment Will Return To Pre-Pandemic Levels By Year’s End
The prediction came as President Biden celebrated a blockbuster March jobs report.
The unemployment rate ticked down to 6%.
Pool financing can be affordable, especially with a low-rate secured loan. Learn about the best swimming pool financing options.
Demand for petroleum is expected to rebound by 5.5 million barrels per day this year.
March unemployment data is coming Friday.
FMERR – the Enhanced Relief Refinance Program – allows homeowners to refinance into a lower rate with little or no home equity. Do you qualify?
Today’s mortgage and refinance rates Average mortgage rates rose again yesterday, quite sharply. Unfortunately, the rises over the last three working days pretty much wipe out the falls over the
The HARP program is expired. But Freddie Mac and Fannie Mae created HARP replacement programs FMERR and HIRO to help underwater homeowners refi.
Report: SEC Opens Preliminary Investigation Into Archegos’ Bill Hwang After $30 Billion Stock Liquidation
This isn’t Hwang’s first run-in with regulators.
Biden’s ambitious spending proposal is facing a tough path through Congress.
The plan calls for eight years of spending to be paid for with tax hikes over 15 years.
Today’s mortgage and refinance rates Average mortgage rates inched higher yesterday. The rise was so small some lenders won’t have bothered changing their rate cards. And they might, instead, add
IRS Will Begin Sending $1,400 Stimulus Payments To Social Security Recipients And Other Non-Filers This Week
But money won’t hit bank accounts until April 7.
More details about the $3+ trillion plan are coming Wednesday.
The Fannie Mae HomeStyle loan lets you buy a home and carry out renovations with one mortgage. Learn about HomeStyle rates and requirements here.
The president is looking to collect hundreds of billions of dollars in taxes from big companies to help finance his ambitious spending proposals.
Today’s mortgage and refinance rates Average mortgage rates rose last Friday. That was disappointing after a series of falls. But these rates remain near historical lows. Looking at how markets
Including more than $3 trillion in new tax hikes, according to the Washington Post.
Is there a conventional Streamline Refinance? No, but you can use a different refinance option to get similar Streamline benefits. Here’s how.
Today’s mortgage and refinance rates Average mortgage rates rose yesterday. It was the first increase in more than a week. And it barely made a dent in those recent falls.
Today’s mortgage and refinance rates Average mortgage rates edged lower again yesterday. Recent movements haven’t been large. But they’re beginning to add up. By the way, don’t believe Freddie Mac’s
With trillions of dollars of stimulus spending still to come, growth will continue even after the central bank says the party’s over.
The $1.9 trillion American Rescue Plan extended the credits for one year.
Today’s mortgage and refinance rates Average mortgage rates edged lower yesterday. That makes four working days since the last rise. And there are grounds for hoping for more good news
WeWork Will Go Public Via SPAC Deal At $9 Billion Valuation—Less Than 20% Of Its 2019 SoftBank Valuation
The flexible coworking startup will merge with BowX Acquisition Corp.
The wildly popular stock trading app wants to make sure its users don’t miss out on first-day trading pops.
The IRS has sent out 127 million payments worth $325 billion.
The Small Business Administration will have until June 30 to process backlogged applications.
Vaccines are rolling out and states are lifting restrictions.
An assumable mortgage lets you take over an existing loan at its current interest rate and terms. When is an assumable mortgage a good idea?
Today’s mortgage and refinance rates Average mortgage rates moved lower again yesterday — and by a worthwhile amount. But, unfortunately, it was a drop in the ocean compared to 2021’s
Millions unemployed, interest rates at rock bottom, and trillions of dollars in stimulus spending.
Today’s mortgage and refinance rates Average mortgage rates fell yesterday. Finally! It felt good, even though it’s adrift in a sea of rises. And the falls might continue today. Market
Powell And Yellen Praise Aggressive Stimulus Spending, Acknowledge Incomplete Economic Recovery In Congressional Testimony
Biden’s $1.9 trillion American Rescue plan is now law, and the administration is already looking ahead to more spending.
Higher taxes on big corporations and rich individuals will be used to finance Biden’s upcoming infrastructure and jobs plan, according to the Washington Post.
What’s a good debt-to-income ratio for a mortgage? Most lenders want to see 43% or lower. But a higher DTI can be ok, too. Here’s what you should know.
Today’s mortgage and refinance rates Average mortgage rates held steady last Friday. And that was a relief after a solid week of rises. There may be more good news today.
New direct deposits will clear on March 24, the agency said.
The sudden losses were triggered by President Erdogan’s firing of the head of the central bank-the third in two years.
Today’s mortgage and refinance rates Average mortgage rates held steady yesterday. Of course, these rates remain extraordinarily low by historical standards. But a rising trend in 2021 means they’re now
Today’s mortgage and refinance rates Average mortgage rates rose moderately yesterday. But it was a less sharp increase than had looked likely first thing that morning. And we may be
First-time home buyers often ask, ‘Can I buy a house with student loans?’ You can, but you should know how student loans will affect your mortgage.
Today’s mortgage and refinance rates Average mortgage rates edged higher yesterday. But it was one of the smaller rises we’ve seen over the last four working days. But it may
USDA vs FHA for first-time buyers: Should you use a zero-down USDA loan or 3.5%-down FHA loan? Compare pros and cons here.
Buying a condo vs. renting can be a tough decision. Renting offers flexibility, but buying a condo builds wealth. See more pros and cons here.
The central bank expects GDP growth of 6.5% this year.
Learn how to apply for an FHA loan and get approved. This guide covers the FHA loan application process, required documents, and guidelines to qualify.
Today’s mortgage and refinance rates Average mortgage rates rose appreciably yesterday. That was ahead of today’s Federal Reserve news conference. Today’s? Yes, I muddled the days and that conference is
President Biden is also preparing to unveil new tax to fund his administration’s stimulus agenda.
But a middle class family earning $110,000 per year could see relief.
Today’s mortgage and refinance rates Average mortgage rates unexpectedly rose yesterday. But only by the smallest measurable amount so the damage was barely perceptible. Today could be even more unpredictable.
Wells Fargo, JPMorgan, Bank of America, and others faced blowback after the IRS announced checks were being sent out last week and customers couldn’t access the money immediately.
Taper tantrums are a close second.
A new rule from FHFA caused a sharp increase in investment property mortgage and second home mortgage fees. Here’s what you need to know.
Today’s mortgage and refinance rates Average mortgage rates rose appreciably on Friday. So it was yet another example of rates ending a week higher than they started it. However, bear
The corporate tax rate and individual income tax rate for high earners could both go up.
The OECD expects China’s GDP to grow 7.8% in 2021.
Looking for the cheapest way to buy a house? Here are seven strategies that can help you become a homeowner much faster than you thought possible.
Today’s mortgage and refinance rates Average mortgage rates climbed higher yesterday. There have been plenty of up-and-down daily movements this week. But the overall rise has been fairly modest. Still,
Today’s mortgage and refinance rates Average mortgage rates edged lower yesterday. Such falls are always welcome. But recently they’ve been outweighed by mostly small rises. Still, these rates are a
Some economists have said Biden’s flagship rescue plan could overheat the economy.
Today’s mortgage and refinance rates Average mortgage rates nudged higher yesterday, wiping out Tuesday’s fall. Of course, they remain at exceptionally low levels by historical standards. But they’ve moved on
Can you buy a house with no credit? Often, the answer is ‘yes,’ if you know which type of loan to use. Here’s how to get approved with no credit score.
How Much Money You Will Get From Stimulus Checks, Unemployment Benefits And Everything Else Inside Biden’s $1.9 Trillion Relief Bill
The massive relief package, passed exactly one year after the World Health Organization declared Covid-19 a pandemic, contains stimulus checks for most Americans but not everyone will receive the same amount.
Eligible Americans can expect money in their bank accounts as soon as this month.
The best type of home loan is different for each buyer. Compare low- and no-down-payment loans to find the right type of mortgage for you.
Today’s mortgage and refinance rates Average mortgage rates nudged lower yesterday. It was the first actual drop in a week. First thing, mortgage rates looked unlikely to move far today,
Fannie Mae and Freddie Mac offer three mortgage options for first-time buyers with 3% down: The conventional 97, HomeReady and Home Possible.
$1,400 stimulus checks and $300 weekly unemployment benefits are now one step closer.
Forty Republicans opposed Greene’s attempt to stall a vote on the relief bill as one Democrat proposed barring her from making such motions in the future.
Payments are slated to start in July.
Home buyer grants can help first-time buyers who had a financial setback during COVID. Learn about current assistance programs and how to qualify.
“We are doing everything in our power to expedite the payments and not delay them,” White House press secretary Jen Psaki said Tuesday.
The OECD is expecting 6.5% growth this year.
The payments could hit millions of bank accounts this month.
Learn how much it costs to refinance a mortgage, what’s included in refinance closing costs, and how you can save money on your refi.
‘The Recession Is Effectively Over’: Analysts Are Expecting ‘Rip-Roaring’ Growth This Year, But Hurdles Remain
Goldman Sachs is expecting GDP growth of nearly 7% this year.
Six days remain before enhanced federal unemployment benefits expire.
Today’s mortgage and refinance rates Average mortgage rates rose again yesterday. The week started out so well, with two worthwhile falls. But they were followed by three rises. And rates
Senate Passes Biden’s $1.9 Trillion Covid-19 Relief Bill: $1,400 Stimulus Checks, $300 Weekly Unemployment, Child Tax Credit And More
Eight days remain before enhanced federal unemployment benefits expire on March 14.
The Senate has begun a marathon voting session that could produce major changes to the package.
The effort would have included the wage hike in Biden’s $1.9 trillion stimulus bill.
Understanding what a mortgage is and how it works is the first step to buying a home. This mortgage 101 guide has all the home loan basics you need to know.
Democrats Agree To Cut Weekly Unemployment Benefits From $400 To $300, But Exempt $10,200 In 2020 Unemployment From Federal Tax
Biden’s $1.9 trillion stimulus bill could pass in the Senate as soon as this weekend.
But 9.5 million Americans are still out of work.
But he’s optimistic things will pick up in the months ahead.
6 low- and no-down-payment mortgage options for today’s home buyers. Find out how you can buy a house with no money down and a low interest rate.
Senate Readies More Changes To Biden’s $1.9 Trillion Relief Bill After Eliminating $15 Minimum Wage And Narrowing Stimulus Check Eligibility
Ten days remain before enhanced federal unemployment benefits expire on March 14.
745,000 people filed new claims for benefits last week.
The U.S. needs to spend $2.6 trillion over the next decade to bring that grade up to a B, the American Society of Civil Engineers said Wednesday.
Mortgage underwriting can take days or weeks depending on your lender and application. Here’s what to expect from underwriting and what to do about delays.
Democrats can’t afford to lose a single vote along the way.
McConnell Says Republicans Will Fight Biden’s $1.9 Trillion Stimulus Bill ‘In Every Way That We Can’
The relief legislation is overwhelmingly popular among voters.
Some lawmakers, including Sen. Joe Manchin, want the massive relief bill to be more narrowly targeted.
USDA construction loans can be an affordable way to buy land and build a home. But these loans are hard to find. Learn about the pros and cons here.
Top Democrats Urge Biden To Include Recurring Stimulus Checks And Enhanced Unemployment Benefits In Massive Infrastructure Bill
“Families should not be at the mercy of constantly-shifting legislative timelines and ad hoc solutions.”
Some overly-cautious borrowers are missing out on the benefits of cash-out refinancing. Find out if a cash-out refi is a good idea for you.
The legislation might not pass before the fall.
Today’s mortgage and refinance rates Average mortgage rates fell a little or held steady yesterday (Friday). Unfortunately, it was the only glimmer of light in a gloomy week that saw
Today’s mortgage and refinance rates Average mortgage rates soared yesterday, rising by a greater amount than we’ve seen in a long time. Of course, they’re still very low in a
Lawmakers are already floating tax penalties for big corporations that pay less than $15 per hour.