US existing home sales fall for the seventh straight month in August and the Fed is about to inflict “some pain” with a 75 basis point rate hike – so prepare your wallet and portfolio

By Emma Ockermann

Wednesday’s top personal finance stories

Hello market watchers. Don’t miss these top stories.

Brace yourself: The Fed is about to inflict “some pain” with a 75 basis point rate hike. Here’s how to prepare your wallet and portfolio.

This is the Federal Reserve’s third 75 basis point rate hike this year. Continue reading

US existing home sales fall for the seventh straight month in August

Existing home sales fell 0.4% to 4.8 million in August, the National Association of Realtors said. Continue reading

Survey results show that companies are satisfied with the four-day week halfway through the trial period

Halfway through a six-month trial in the UK, companies that have their employees working four days a week say they are happy with the results. Continue reading

Mortgage applications rise for the first time in six weeks despite interest rates rising to 6.25%, signaling housing market ‘volatility’.

The average interest rate on a 30-year mortgage is 6.25%. Still, refinancing and buying surged last week, the Mortgage Bankers Association said. Continue reading

How do cash advance apps work and are they better than payday loans?

Both are not ideal first choices for borrowing quick cash, but knowing their differences can help you save money and not damage your finances. Continue reading

Are you thinking of an electric vehicle? Here’s your guide to buying an electric car.

How do you go about buying an electric car? What about maintenance, incentives and cargo space? You should pay attention to this when buying an electric car. Continue reading

Three common travel disasters and what to do about them

Here are three common airline issues, the types of travel insurance you need to get reimbursed, and how you might be able to get free travel insurance. Read more

“She never explained anything”: I’m a senior and lost $100,000 in the stock market this year. Can I sue my financial advisor?

“I told my financial advisor I was retiring months before any of this.” Read more

– Emma Ockermann

 

(ENDS) Dow Jones Newswires

9/21/22 1750ET

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