Home equity products turned in a slightly mixed performance ahead of the Federal Reserve’s first monetary policy meeting of 2025. The $30,000 home equity line of credit (HELOC) was unchanged at 8.28 percent — its lowest level in a year and a half, according to Bankrate’s national survey of lenders.…

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In recent years, a wave of retiring baby boomers and high interest rates have helped fuel record-breaking sales in the annuity market. From 2022 to 2024, annuity sales topped $1.1 trillion, according to Limra, a global research organization for the insurance industry. In 2023 alone, annuity sales increased 23 percent…

Pekic/GettyImages; Illustration by Hunter Newton/Bankrate Key takeaways Both mortgages and home equity loans are secured by property. A mortgage is used to purchase the property, while a home equity loan taps the value of that property for various expenses. Compared to other forms of credit, both a mortgage and a…

Applying for a home equity financing is similar to applying for a mortgage. You may wonder, then, do home equity loans have closing costs? And how about HELOCs? While the average home equity loan closing costs can be comparable to primary mortgages — a range of 2–5 percent of the…

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Alistair Berg/Getty Images Key takeaways Credit card extended warranties can provide coverage for purchases with manufacturer’s warranties, potentially saving thousands of dollars on repairs or replacements. The terms and coverage of extended warranties vary by credit card, so it is important to read the fine print and understand what is…

The legacy Capital One Savor Cash Rewards Credit Card is no longer taking new applications as of July 2024, although existing cardholders can still use the card. Those interested in the legacy Capital One Savor Cash Rewards Credit Card can check out the new Capital One Savor Cash Rewards Credit…

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Richard Drury/ Getty Images; Illustration by Austin Courregé/Bankrate The average rate on a $30,000 home equity line of credit (HELOC) steadied at 8.28 percent this week — close to its lowest level in a year and a half, according to Bankrate’s national survey of lenders. In contrast, the average $30,000…

Key takeaways Most major credit card issuers offer the option to easily lock and unlock cards through their online accounts or mobile apps. Locking a credit card can prevent impulse purchases and keep the account safe from fraud. Recurring transactions will still go through while a credit card is locked.…

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