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Thousands of homeowners with adjustable-rate mortgages will be hit with higher monthly payments

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CNN – Last year, when Jennifer Hernandez received notice that the mortgage payments on her Houston home would increase by about $2,000 a month, she was stunned. Hernandez refinanced her home loan in 2016 using an adjustable rate mortgage, which has a low introductory rate for a fixed initial period. Unlike more popular fixed-rate mortgages, … Read more

Nvidia led the market higher in the first half of 2024, but another “Magnificent Seven” stock is poised to power the market in the second half

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The first half of 2024 has been a strong half for the stock market and the clear leader driving this growth has been Nvidia (NASDAQ: NVDA). The chipmaker’s stock has been on a meteoric rise over the past five years, and that momentum continued into the first half of 2024 with the stock up over … Read more