16.3M homeowners are missing out on mortgage savings, report says

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Mortgage rates have fallen to new all-time lows so many times this year that it’s almost getting routine. “Really? Again?”

But if you’re a homeowner, don’t let me catch you yawning, or shrugging off these milestones. Because a new record low means there are more old mortgages out there that are worth refinancing at lower interest — maybe including your current loan.

Thanks to the latest new floor for mortgage rates, more than 16 million mortgage holders are now good refi candidates and are missing out on hundreds of dollars in savings per month, according to a report released Monday by the mortgage data firm Black Knight.

Find out whether you’re in that group.

As rates slide, opportunities open up

Andrii Yalanskyi / Shutterstock

Rates on 30-year fixed-rate mortgages dropped last week to an all-time-low average of 3.07%, according to mortgage giant Freddie Mac, which has been conducting weekly

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Buy now, pay whenever? Lockdown lift for online shopping loans

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By Nikhil Nainan

(Reuters) – Browsing online during lockdown, Jessica Friend spotted a pair of Ray-Ban sunglasses she liked, but the price tag made the 30-year-old Ohio resident think twice.

What persuaded her to click ‘buy’, Friend said, was the short-term credit offered by Afterpay <APT.AX>, which split the $260 payment into four interest-free instalments.

Afterpay is among a handful of alternative credit firms which offer small loans, mostly to online shoppers, and make their money by charging merchants a 4%-6% commission.

These buy-now-pay-later (BNPL) firms have benefited from a shift to online shopping during the coronavirus crisis in countries including the United States, where state aid has also boosted retail sales.

“I’m more inclined to use them because they make it easier to afford to get the things I want all at once … and when I want to splurge on something,” Friend said of the loans.

Some investors

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BMW could make features like heated seats, adaptive cruise into subscription-based add-ons

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BMW just announced a couple different tech initiatives. One is a software update for iDrive 7.0 that will be sent out wirelessly to BMWs equipped with that infotainment software. The second is an expansion of its ConnectedDrive Store, and it’s this second announcement that will likely draw criticism from future BMW buyers.

Why, you ask? Well, we’re sure you all remember the Apple CarPlay subscription method debacle. For a couple years, BMW forced buyers to pay a continuous fee for access to Apple CarPlay in its vehicles, whereas every other car company either made it free or charged upfront like a regular option on a car. BMW has since ended this subscription program and made Apple CarPlay standard on every new car, mostly because everybody yelled loudly enough about it. 

This same model is making a return, but instead of CarPlay, BMW has announced its

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Need someone to make you sweat? Meet your new virtual trainer

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The gym. The studio. Places we once populated as part of our routine, our ritual. Now, in the face of the new normal, many gyms are in phase 3 reopening. And that is a timeline none of us can predict. If you’re wondering how to make the most of your workout when gyms are still closed or you’re just not ready to go back to one yet, consider turning to these online trainers. You can sweat with them in the privacy of your very own home. And your commute from the gym to the office is the easiest one yet.

YOGIS UNITE

Dawn Feinberg, the owner and yogi guru at Ahana in the Design District, isn’t your typical yogi. She’s been known to mix asanas with Biggie and play her harmonium after blasting Tupac. While she’s eager for the return of her outdoor classes in the Design District, she is

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19 Money-Saving Secrets Target Doesn’t Want You To Know

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If you frequently shop at Target, you already know this retailer can help you save money on anything from pillows to Pepsi. With more than 1,800 stores across the U.S., the retail giant has made its reputation as a low-price mecca.

But as easy as it is to save money at Target, those with extra Target intel can save even more. GOBankingRates asked savings experts for money-saving tips to make your Target shopping experience better than ever.

Last updated: Jan. 23, 2020

1. Pick Your Day

Because most Targets mark down certain departments on specific days for clearance, knowing the schedule can help you find the best Target deals.

“For instance, you’ll find the best deals on clearance electronics on a Monday and sporting good clearance on Thursday,” said Christy Palmer, founder of the All Things Target blog.

Here’s a schedule Palmer said is good for most Targets:

Monday: Electronics,

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Mortgage rates plunge to new low, but you may need to hurry

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For the fifth time since early March, mortgage interest rates have dropped to a record low in a closely watched survey that’s been tracking rates since 1971.

Mortgage giant Freddie Mac says its weekly survey could show even lower rates later in the year.

But rates could rise in the near term as investors react to the government’s blockbuster jobs report for June. America’s unemployment rate fell from 13.3% to 11.1% last month as employers coming out of coronavirus lockdowns added a record 4.8 million jobs.

Whenever positive economic news pushes stocks higher, interest rates tend to rise, too. So if you’re hoping to score an unbelievably low mortgage rate to buy a home or refinance right now, you may need to move quickly.

Mortgage rates hit another record low

Andrii Yalanskyi / Shutterstock
Low mortgage rates have shattered their record yet again.

Mortgage rates have been in

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This demographic tends to rely on news to make money decisions

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Older Americans are putting overwhelming faith in news to inform their financial decisions as compared to the younger generation, according to the first installment of the new Yahoo Finance-Harris poll.

Eighty-one percent of people ages 55 years and older say their money and investment decisions are influenced by the coverage of current events. Only 25% of people between 18 and 34 years old use the news as an information source for their financial decisions.

The results stem from a poll of 2,033 respondents, conducted from June 15 to 17. Yahoo Finance has teamed up with Harris to produce monthly insights on consumer and workplace trends

Fifty-five percent of U.S. adults get their news from social media, according to a 2019 Pew Research Report, up from 47% in 2018. And Facebook (FB) is the top destination among its peers, with 52% of all U.S. adults getting their news from the platform.

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100 Ways To Make Money Without a 9-to-5

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Due to the coronavirus pandemic, many people have lost work hours or been laid off. As people struggle to figure out how to supplement their income, picking up a side job to make a few extra bucks might be helpful. While not all of these gigs may be possible due to certain social distancing guidelines, these 100 ways to increase your income might help now or in the near future. Keep reading to see how you can work from home.

Taking online surveys is one of the easiest ways to earn extra money. And plenty of companies are looking for consumer feedback to improve their products or develop new ones.

Brands hire survey sites to conduct online questionnaires on their behalf, gaining access to precious customer feedback. The sites, in turn, pay you for participating in their surveys. If you really want to rake in the cash, join several survey … Read More

36 rare vintage Corvettes found in a Manhattan garage after they were abandoned for decades will be raffled off for charity

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Lost Corvettes
Lost Corvettes

Brittany Chang/Business Insider

A historic collection of 36 classic Corvettes saved from dilapidation after being hidden underground in a Manhattan garage for decades will soon be given away in a nationwide sweepstakes. 

Corvette Heroes is hosting The Lost Corvettes sweepstakes that will be giving away the cars that it touts as the “greatest barn find in automotive history.”

The Corvette collection has an unusual backstory: this isn’t the first time all 36 of the Corvettes have been given away together. They were originally a part of a 1989 giveaway that landed the cars in the hands of a Long Island man who then passed the cars along to artist Peter Max. Max, however, left the Corvette collection untouched in multiple Manhattan garages for decades before the current team acquired the fleet and decided to host a new giveaway.

The sweepstakes collection includes a Corvette from every production year

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Can you still get cover in the age of coronavirus?

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Getty/iStock
Getty/iStock

As holidays and business travel abroad resume, many people are concerned about the risks posed by coronavirus – and the problems they may face getting adequate insurance.

These are the key questions and answers.

I booked my August holiday to Greece last January and took out insurance at the time. Will it still cover me for coronavirus?

It depends on the precise details of your cover. Some policies may have a general exclusion for claims triggered by pandemics. But otherwise you can expect to be covered for claims related to coronavirus.

There are two main areas of claims.

The first is for recompense of funds lost because of cancellations. A typical example: suppose Greece were to continue its ban on UK flights beyond 15 July (which, by the way, I don’t expect). If you have booked a DIY holiday, you would automatically be entitled to a full refund from

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