 |
| |
| |
| Happy Friday, especially to all the Swifties out there. I don't quite consider myself a Swiftie, but I've come to appreciate a lot of Taylor Swift's music in the past year. So far, my favorite Midnights song is Anti-Hero (it's me, hi!). |
| And now, back to the regularly scheduled program. |
| Do you know the difference between a fixed-rate and an adjusted-rate mortgage? If not, now is a really great time to learn. Luckily our very own Terry Collins has a knack for breaking down some pretty complicated housing topics in a way that leaves you feeling smarter. |
| Without too many spoilers, a fixed-rate mortgage is similar to a forever stamp. When you buy it, you lock down stamps at one price that you can literally use forever. The price could go up, but you won't have to pay more. If it goes down, well, you got the short end of the stick. Adjusted-rate mortgages are more similar to buying gas since the price fluctuates based on demand and supply. |
| The big question for homebuyers is, which type of mortgage should I get? And for that, I once again direct you back to my colleague Terry's piece. |
Are you prepared for a recession? |
| Shameless self-plug time. |
| I wrote a piece (hot off the press) all about how you can financially prepare for a recession. To me, it kind of feels a lot like taxes – it's not a ton of fun to do. Hence it's really easy to put off, but it'll be even worse if you ignore it. |
| Besides building up an emergency savings account, I picked experts' brains on the best ways you can start getting ready for a recession and what to do and not do during a recession. |
| Side note, if you have other questions about recession prep, please email me ebuchwald@usatoday.com. And if you've already begun to prepare, my colleague Charisse Jones would love to hear from you for a story she's working on. Her email is cjones@usatoday.com. |
📰 More stories you shouldn't miss 📰 |
| Exclusive: Federal aid helped child care providers stay open. Now the help is wearing off |
| Housing market grinding to a halt?: High mortgage rates bring sales and listings down |
| Deals 'too good to be true': Why booking flights on third-party websites can be risky |
About The Daily Money |
| Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you. |
| Elisabeth Buchwald is a personal finance and markets correspondent for USA TODAY. You can follow her on Twitter @BuchElisabeth. |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
No comments:
Post a Comment