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Real Estate
Home Sales Tumble As Prices Set Records: Here's Why Home Sales Tumble As Prices Set Records: Here's Why
Home Sales Tumble As Prices Set Records: Here's Why US home sales dropped more than expected in June as buyers pulled back amid record-high prices and mortgage rates that have stayed high. Sales of previously owned homes fell 2.7% in June to a seasonally adjusted annual rate of 3.93 million, according to the National Association of REALTORS. Analysts had predicted just a 0.7% drop, CNBC reported. The median sales price nationwide rose 2% from June 2024 to $435,300, setting a new record. The report reflects contracts likely signed in April and May, when the average 30-year mortgage rate hovered above 6.8% and briefly topped 7%, according to M…

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by Chris Spiker
News
Feds Finalize Rule Erasing $49 Billion In Medical Debt From Credit Scores, CFPB Says Feds Finalize Rule Erasing $49 Billion In Medical Debt From Credit Scores, CFPB Says
Feds Finalize Rule Erasing $49 Billion In Medical Debt From Credit Scores, Cfpb Says About 15 million Americans will see their credit reports cleared of medical debt under a new rule approved by the Consumer Financial Protection Bureau. The CFPB has finalized a landmark rule that removes $49 billion in medical debt from credit reports, the bureau said in a news release on Tuesday, Jan. 7. The regulation also prohibits lenders from using medical information in lending decisions when evaluating loan applications. The rule is expected to raise credit scores by an average of 20 points and enable the approval of 22,000 additional mortgages annually. "People …

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by Chris Spiker
News
Central Mass Lottery Winner Has Noble Plans For His Payday Central Mass Lottery Winner Has Noble Plans For His Payday
Central Mass Lottery Winner Has Noble Plans For His Payday A Worcester County lottery winner said he wants to put the money he's won to good use by funding his son's education and giving to charities he believes in.  Venkataramanan Balakrishnan, of Shrewsbury, won $25,000 a year for life after he matched the first five numbers on his Season Ticket. They're the same five numbers he's been playing for years.  Balakrishnan chose to take the one-time lump sum payment of $390,000 (before taxes) rather than the annuity.  He said he would use the money on his mortgage, his son's education, and charitable causes. He didn't go into which cha…

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by Josh Lanier
Lifestyle
Diesel Mechanic From Southeast Massachusetts Wins $3 Million Mega Millions Prize Diesel Mechanic From Southeast Massachusetts Wins $3 Million Mega Millions Prize
Diesel Mechanic From Southeast Massachusetts Wins $3 Million Mega Millions Prize Despite winning a massive prize from the Massachusetts State Lottery, a diesel mechanic from Southeast Massachusetts doesn't plan on using his winnings to take time off, but rather pay it forward. Paul Little, of Lakeville, is the winner of a $3 million Mega Millions prize on a ticket he bought for the multi-state game's Tuesday, Jan. 17 drawing, the lottery reports.  Little, who works on marine engines, said that he plans to continue to work for the time being but does have plans to use his winnings to help his family and other people. Little also plans on using some of the money to p…

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by David Cifarelli