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finance

Researchers put a number on how much debt U.S. can carry

(The Center Square) – The United States has about 20 years to change course on its national debt before it reaches the estimated limits of its debt capacity, according to new research from the Penn Wharton Budget Model. Researchers estimate the outer limit of U.S. debt capacity at about 210%

Want to Use a HELOC to Pay Off Debt? Read This First

Want to Use a HELOC to Pay Off Debt? Read This First

If you have high-interest debt, you could consider paying it off with your home’s equity. One way to do this is with a home equity line of credit, or HELOC. Since HELOCs are secured by your home, you can usually get lower interest rates than with credit cards

WATCH: New report ranks fiscally healthy states: where did WA fall?

(The Center Square) - A new report from Truth in Accounting on the fiscal health of U.S. states finds several Mountain West states in the top 10, including Wyoming, Montana and Idaho, while Washington ranked much lower in the bottom half. “The report analyzes the most recent data for state

UM Foundation launches crypto donation site; local couple gives $1M in bitcoin

A bitcoin mine in Bonner years ago prompted the idea for an investment by a local couple, which then turned into a donation that will pay for a big upgrade to athletics facilities at the University of Montana. Back in February, it was announced that local businessman Steve Nelson and

Report: Credit card debt projected to decrease $61B

(The Center Square) – It is predicted that there will be a $61 billion decrease in credit card debt based on new data set to be released on Friday by the Federal Reserve, according to a new report from WalletHub. If proven true, the decrease in debt could affect millions of

June Mortgage Outlook: Rates Could Climb as Hopes Fade for a Fed Cut

June Mortgage Outlook: Rates Could Climb as Hopes Fade for a Fed Cut

Mortgage rates are likely to move up in June, though the increase might not be as severe as what customers are seeing at the gas station. Mortgage rates have risen since the U.S. war with Iran began, as gas prices (and subsequently, inflation) jumped. Despite persistent promises from President

Weekly Mortgage Rates Tick Up as Inflation Flares Again

Weekly Mortgage Rates Tick Up as Inflation Flares Again

Mortgage rates are still drifting higher for their fourth straight week, and fresh inflation data suggests home buyers may not see much relief anytime soon. The average rate on a 30-year fixed-rate mortgage rose four basis points to 6.46% APR in the week ending May 28, according