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What the Trump tax bill means for your wallet

President Donald Trump’s “big, beautiful bill” cleared the House and is making its way through the Senate.  Still, critics point out the bill, which is over 1,000 pages, will add trillions to what is already ballooning government debt hovering at $36 trillion and deficits. However, U.S. Treasury Secretary Scott Bessent believes this can be managed. “We think that we can both grow the economy and control the debt. What’s important, Bill, is that we grow the…

Finance news

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Business

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Mortgage rates tick slightly higher this week with 30-year at 6.49%

Mortgage rates ticked slightly higher this week, but were little changed, mortgage buyer Freddie Mac said on Thursday. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage rose to 6.49% from last week’s reading of 6.47% and 6.52% the week…

Investing

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