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Mortgage rates drop below 5% for first time since April | CNN Business

Mortgage rates dropped for the second week in a row, falling below 5% for the first time since mid-April. The 30-year fixed-rate mortgage averaged 4.99% in the week ending August 4, down from 5.3% the week before, according to Freddie Mac. But that is still significantly higher than this time last year when it was …

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Americans are piling up credit card debt as they struggle to keep up with the high cost of living | CNN Business

New York CNN  —  Americans are piling up credit card debt as they struggle to keep up with the high cost of living. US household debt surpassed $16 trillion for the first time ever during the second quarter, the New York Federal Reserve said Tuesday. Even as borrowing costs surge, the NY Fed said credit …

Americans are piling up credit card debt as they struggle to keep up with the high cost of living | CNN Business Read More »

The busiest economic week of the summer is over: Here’s everything we learned | CNN Business

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. New York CNN Business  —  If you’re reading this, it means you’ve survived the busiest week of the …

The busiest economic week of the summer is over: Here’s everything we learned | CNN Business Read More »