Your 5-step recipe for financial success

by Christy Bieber for The Motley Fool   @CNNMoney November 27, 2017: 10:07 AM ET   Search the question “what is financial success?” on the internet, and you’ll get millions of results with countless different answers. While some define financial success as having a few million in the bank, for others, financial success is as simple as being able to afford the roof over their heads or to send their kids to college without incurring tons of debt. While there…

Mortgage rates head lower ahead of big decisions from Fed, Congress

By Andrea Riquier Rates for home loans headed lower in the latest week as bond investors awaited certainty on big Washington policy initiatives. The 30-year fixed-rate mortgage averaged 3.92% in the holiday-shortened November 22 week, mortgage provider Freddie Mac said Wednesday. That’s down three basis points compared to last week. The 15-year fixed-rate mortgage averaged 3.32%, up one basis point. The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.22%, up from 3.21%. Mortgage rates closely track bond yields, which have struggled…

Looking for a Newly Constructed Home? You Have Good Timing

By Clare Trapasso | Nov 27, 2017 After several years of a frenzied housing market characterized by many more home buyers than sellers, builders may finally be taking note. The number of newly constructed homes for sale and sold shot up 6.2% from September to October, according to the seasonally adjusted numbers in a joint report by the U.S. Census Bureau and U.S. Department of Housing and Urban Development. They jumped 18.7% annually. (realtor.com® looked only at the seasonally adjusted numbers in the report. These have…

Here’s how long it would take for millennials to buy a home in every US state

By Emmie Martin   Millennials aren’t becoming home owners as quickly as their predecessors. One major reason: They simply can’t afford it. In pricey states such as Hawaii or California, saving up to buy a home could take millennials up to a decade. However, in other more affordable locations, such as West Virginia and Ohio, the process can take as little as two and a half years. That’s according to new data, which identified the most and least affordable states…

Online sales boomed on Black Friday

by Jackie Wattles   Black Friday 2017 was all about digital sales. American shoppers spent a record $5 billion in 24 hours. That marks a 16.9% increase in dollars spent online compared with Black Friday 2016, according to data from Adobe Digital Insights, which tracks 80% of online spending at America’s 100 largest retail websites. Digital retail giant Amazon (AMZN, Tech30) said Friday that orders were rolling in “at record levels.” More than 200,000 toys were sold in just the…