ALL THE MONEY NEWS YOU NEED TO KNOW | | | | | | Daniel de Visé | Personal Finance Reporter
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Good morning! It's Daniel de Visé with your Daily Money, Friday consumer edition. |
Grocery prices were on the rise well before the national egg shortage. In the last five years, grocery prices have increased nearly 25%, according to the USDA. |
What remains of consumer protection agency? |
In the waning months of the Biden administration, the Consumer Financial Protection Bureau, or CFPB, released a flurry of new consumer protection rules, targeting everything from bank overdraft fees and credit card late fees to old medical debt on credit reports. |
If the Democrats had fared better at the polls, then some of the rules might have taken effect by now. As it stands, the consumer agency itself is in limbo. |
Mortgage rates are falling |
Rates for home loans fell for the fifth straight week, Andrea Riquier reports, but buyers aren't feeling the love just yet. |
In the week ending Feb. 20, 30-year fixed-rate mortgages averaged 6.85%, Freddie Mac announced Thursday. That puts the popular mortgage product at exactly the level at which it closed 2024. |
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Each weekday, The Daily Money delivers the best consumer and financial news from USA TODAY, breaking down complex events, providing the TLDR version, and explaining how everything from Fed rate changes to bankruptcies impacts you. |
Daniel de Visé covers personal finance for USA Today. | | | | A new WalletHub study looked at grocery prices and what states had the highest cost compared to average annual income. | | | | In the waning months of the Biden administration, the CFPB released a flurry of consumer protection rules. Where do they stand? | | | | Mortgage rates fell again but there's little other good news in the housing market | | | | President Donald Trump's layoffs of federal employees are likely to tip Washington, D.C., into a recession, an economist says. | | | | US stocks end lower, with S&P 500 off two straight records. Walmart's weaker outlook and tariff uncertainty hurt sentiment. Gold rises on uncertainty. | | | | The Arkansas retailer's forecasts fell short of analysts' expectations. | | | | CEO Kelly Ortberg on Thursday said Elon Musk, the head of its space business rival SpaceX, is "helping us a lot" in navigating through delays. | | | | People, products and plans have been rejiggered at America's off-road automaker. | | | | The CEO of investment firm Azoria lobbied DOGE figurehead Elon Musk to have the department issue stimulus checks from some of the claimed $55 billion in savings. | | | | Our app gives you award-winning coverage, crosswords, audio storytelling, eNewspaper and more. | | | | | | | Sign up for the news you want | Exclusive newsletters are part of your subscription, don't miss out! We're always working to add benefits for subscribers like you. | | | | | | |
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