Cheri Read

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Contributor at MarketWatch

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Articles

Current 30-Year Mortgage Rates

Nov 15, 2024 | marketwatch.com | Cheri Read |Liz Bingler

Home prices and mortgage rates remain high. In the second quarter of this year, the median U.S. home price for houses sold was $412,300, according to the Federal Reserve Bank of St. Louis. Although mortgage rates were expected to start declining with the Federal Reserve rate cut of 50 basis points in September, the average rates for 30-year mortgages have been increasing in recent weeks.
MarketWatch Guides Personal Loans Survey

Nov 14, 2024 | marketwatch.com | Kelly Larson |Cheri Read

In a time where financial needs and priorities are constantly shifting, personal loans have become a common tool for covering expenses, consolidating debt and making large purchases. To get a clearer understanding of how Americans are using personal loans today, we at the MarketWatch Guides team surveyed 1,000 U.S. adults in September 2024. We analyzed borrower priorities such as their preferred lenders, loan amounts and motivations for taking out the loan.
2024 MarketWatch Guides Personal Loans Survey

Nov 14, 2024 | marketwatch.com | Cheri Read |Kelly Larson

In a time where financial needs and priorities are constantly shifting, personal loans have become a common tool for covering expenses, consolidating debt and making large purchases. To get a clearer understanding of how Americans are using personal loans today, we at the MarketWatch Guides team surveyed 1,000 U.S. adults in September 2024. We analyzed borrower priorities such as their preferred lenders, loan amounts and motivations for taking out the loan.
Annuities | Marketwatch Guides

Sep 18, 2024 | marketwatch.com | RaShawn Mitchner |Rashawn Mitchner |Jared Macarin |Laurie Sepulveda |Cheri Read

What Is an Annuity? An annuity is a legally binding contract between you and the issuing company that provides lifetime income, tax advantages and other benefitsSeptember 18, 2024 What Is a Structured Settlement?
What Is a Conventional Loan and How Does It Work? (2024 Guide)

Aug 22, 2024 | marketwatch.com | Cheri Read |Kelly Larson

Current Mortgage Rates Types of Mortgage Loans and Refinances FHA Loan Requirements Guide to First-Time Homebuyer Loans VA Loans Guide What Is a Conventional Loan? A conventional loan is a type of mortgage used to finance or refinance the purchase of a residential property. Unlike loans that are backed by government agencies, such as the Federal Housing Administration (FHA) or the U.S. Department of Veterans Affairs (VA), conventional loans are funded by private lenders.
APY vs. Interest Rate: What’s the Difference?

Jul 26, 2024 | marketwatch.com | Cheri Read |Kelly Larson

When you’re comparing various savings vehicles such as savings accounts, interest-bearing checking accounts, certificates of deposit (CDs) or money market accounts, it’s important to understand how different rates are quoted.
Best Savings Accounts for Teens

Jun 7, 2024 | marketwatch.com | Cheri Read |Ashley Donohoe

Selecting a bank account for a teenager can lay the groundwork for their financial habits. With the right account, they can learn the value of savings goals, understand budgeting and start their financial journey. We at the MarketWatch Guides team have found the six best savings accounts for teens, and we’ll give our insights on their features and perks to help you and your child make an informed decision.
What Is A High Interest Savings Account?

Apr 9, 2024 | marketwatch.com | Cheri Read |Jen Hubley Luckwaldt

Key Takeaways A high-yield savings account (HYSA) is a type of bank account that typically offers a much higher interest rate on deposits than a traditional savings account. High-yield savings accounts are more commonly offered by online-only banks than traditional banks or credit unions. When comparing the best high-yield savings accounts, consider the annual percentage yield (APY), which defines the total amount of interest paid on an account over one year.
Americans Leaning on Personal Loans for Everyday Expenses, MarketWatch Guides Survey Finds

Mar 26, 2024 | marketwatch.com | Cheri Read |Jared Macarin

Personal loans generally refer to fixed-rate, unsecured loans offered by a bank, credit union or online lender. They don’t require any collateral and are issued based on the borrower’s creditworthiness. They may also be referred to as signature loans.
How to Get a $3,000 Personal Loan (January 2024 Guide)

Dec 19, 2023 | marketwatch.com | Cheri Read |David Gregory

The Best Lenders for a $3,000 Personal Loan Our picks for $3,000 personal loan lenders are the ones that offer the best terms, transparency of rates and an efficient application process. Here are the lenders we recommend checking out:PenFed: Best for small loansDiscover: Best for low ratesUpstart: Best for bad creditWells Fargo: Best for in-person serviceUpgrade: Best discounts PenFed stands out for its competitive interest rates and small loan availability.