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1 day ago | 
cbsnews.com | Sharon Wu |Matt Richardson
Homeowners continue to face financial challenges in 2025. Inflation and interest rates remain elevated, and the stock market is seeing a spike in volatility as recession fears mount. All of these factors create uncertainty for anyone managing a mortgage. Yet this economic turmoil may offer an unexpected benefit for some homeowners. Mortgage interest rates have started to decline after reaching their highest point in years.
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2 days ago | 
cbsnews.com | Sharon Wu |Angelica Leicht
The gold price per ounce broke numerous records in the past year, crossing the landmark $3,000 threshold in mid-March and then climbing above $3,300 per ounce — a new record — in recent weeks. Since that milestone, the precious metal has climbed even higher. It's reached over $3,400 per ounce this week, with experts suggesting further increases could be on the horizon.
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1 week ago | 
cbsnews.com | Sharon Wu |Matt Richardson
The price of gold continues to break records in 2025, surpassing $3,200 per ounce after crossing $2,700 last October. While the overall trend shows strong growth, daily prices fluctuate in response to economic uncertainty. Trade tensions, persistent inflation and shifting dollar strength all influence gold's value. These conditions have prompted central banks worldwide to increase their gold reserves as a protective measure.
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1 week ago | 
cbsnews.com | Sharon Wu |Matt Richardson
You're not alone if you missed this year's April 15 tax filing deadline. Millions of Americans find themselves in this position each year, for reasons ranging from simple oversight to life events. While the IRS imposes penalties for unfiled taxes and delinquent filing, it's not too late to deal with the situation. Tax professionals emphasize that addressing it promptly can minimize consequences and open pathways to resolution.
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1 week ago | 
cbsnews.com | Sharon Wu |Matt Richardson
Interest rates have fluctuated over the last year, but many deposit accounts continue to offer solid returns. Certificates of deposit (CDs) are particularly attractive. Banks are advertising 1-year CDs yielding up to 4.25% and 5-year terms settling between 3.5% and 4%. While they've declined from recent peaks, today's CD rates still provide a secure harbor for savers seeking guaranteed growth amid market uncertainty.
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2 weeks ago | 
cbsnews.com | Sharon Wu |Angelica Leicht
Home equity line of credit (HELOC) and home equity loan interest rates have been trending downward in 2025, creating valuable borrowing opportunities for homeowners in an otherwise high-rate climate. That means homeowners have a couple of affordable options for tapping into their home's equity right now. Before deciding between the two, though, it helps to understand each option clearly. HELOCs currently offer lower starting rates but because the rates are variable, they can change over time.
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2 weeks ago | 
cbsnews.com | Sharon Wu |Angelica Leicht
With the April 15 tax filing deadline right around the corner, millions of Americans are finalizing their 2024 tax returns with one goal: reducing what they owe. Proper planning can save you thousands of dollars on your federal income tax bill, after all, and the right deductions might even turn your payment into a welcome tax refund. Not all tax deductions apply to everyone, however. Homeowners, business owners and those with specific healthcare costs qualify for different write-offs.
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3 weeks ago | 
cbsnews.com | Sharon Wu |Angelica Leicht
With the tax filing deadline fast approaching, millions of Americans are rushing to finalize their returns. This time of year can be extra stressful if you have unpaid IRS taxes from previous years and owe more this year. Back taxes often snowball into a financial burden with growing penalties and interest. The IRS can also levy bank accounts, place liens on your property, garnish your Social Security disability check and damage your credit score.
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3 weeks ago | 
cbsnews.com | Sharon Wu |Matt Richardson
High housing costs have stalled many Americans' homebuying plans in recent years. But mortgage interest rates have dipped below their recent peaks, offering prospective buyers some relief. Despite this progress, economic uncertainties loom — which could affect the lending market. If you're house hunting, knowing where rates might head this April could help you calculate potential monthly payments and set a realistic budget before you fall in love with a home.
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3 weeks ago | 
cbsnews.com | Sharon Wu |Matt Richardson
High interest rates have made borrowing money tough for Americans in recent years. Sticky inflation and the Federal Reserve's corresponding rate increases drove up costs across all loan types, putting many financial goals out of reach. There's hope, however, if you own a home. Home equity loan rates have dropped over the last year, approximately, even as other financing options remain expensive.
