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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
Readers Choice
Best Bank/Credit Union On Long Island In 2024: Bethpage Federal Credit Union Best Bank/Credit Union On Long Island In 2024: Bethpage Federal Credit Union
Best Bank/Credit Union On Long Island In 2024: Bethpage Federal Credit Union We are thrilled to announce that Bethpage Federal Credit Union, now rebranded as FourLeaf Federal Credit Union, has been named Best Bank/Credit Union on Long Island in the 2024 Daily Voice Readers' Choice Awards! According to its website, Bethpage Federal Credit Union has been serving the Long Island community since 1941. Bethpage Federal Credit Union, now FourLeaf Federal Credit Union, offers a comprehensive suite of financial products and services, including checking and savings accounts, mortgages, loans, and credit cards along with an extensive network of branches and ATMs, per its webs…

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by Daily Voice
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