Mortgage Rates Low, Refinancing Frustration High
Mortgage rates are at multi-decade lows, but that doesn't mean it's easy to refinance. I explained why the mortgage market is so tough right now with WCBS-TV this morning. [video=481254]
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Jill Schlesinger, CFP®, is the Emmy and Gracie Award-winning business analyst for CBS News, where she translates complicated business and economic news into understandable, relatable topics for everyday viewers and listeners. She covers the economy, markets, investing and anything else with a dollar sign on TV, on the "Jill on Money" podcast, radio (including her nationally syndicated show, "Jill on Money," which won the 2018 and 2021 Gracie Award for Best National Talk Show), the web and her blog, "Jill on Money." Jill also won a 2018 Personal Finance Reporting Award from the Radio Television Digital News Association (RTDNA)/National Endowment for Financial Education (NEFE).
Prior to her second career at CBS, Schlesinger spent 14 years as the co-owner and chief investment officer for an independent investment advisory firm. She began her career as a self-employed options trader on the Commodities Exchange of New York, following her graduation from Brown University.
Schlesinger's second book, "The Great Money Reset," was published in January 2023 by St. Martin's Press and her first book, "The Dumb Things Smart People Do With Their Money," was published in February 2019 by Ballantine Books.
Mortgage rates are at multi-decade lows, but that doesn't mean it's easy to refinance. I explained why the mortgage market is so tough right now with WCBS-TV this morning. [video=481254]
By now everyone has heard that the Federal Reserve is doing something, but it's hard to figure out exactly what it is and how it might trickle down to us mere mortals. I talked about the Fed's plan (aka "Quantitative Easing") with CBS3 this morning. [video=481257]
Moments before we shot this video, CBSNews.com Editor-in-Chief Dan Farber was peppering me with questions about my earlier post about the Federal Reserve's plan to pump $600 Billion into the U.S. economy. You'll see why he's so exasperated when you watch this!
Thank goodness that I am surrounding by normal people, like Will from Louisville, KY who listens to my interviews on WHAS with Tony Cruise. While I was parsing the Federal Reserve's FOMC statement yesterday, Will sent me a great question: "What does it mean when the Fed buys $600 billion in governme...
Here are the five most popular money issues that I have been discussing about the 2010 mid-term elections and money. Thanks to all of my pals throughout the CBS News Radio network, who always ask the best questions! Why does business like divided government? When the same party controls both...
Election day is finally here! Thank goodness, because who could stand one more political advertisement...except the brass at my company and every other media outlet that has collected a tidy sum this political season. Since politics and money go together like PB&J, it's time to tally the numb...
We went out to find out what people are thinking, one day before the mid-term elections. As you might guess, the themes are pretty clear: jobs and taxes. One woman gives politicians a little advice, so listen up! [video=479486]
Last week we were supposed to be soothed by one part of the weak GDP report: personal consumption was up 2.6 percent from 2.2 percent in Q2. That was good for the weekend, until the BEA reported that September personal income fell 0.1 percent, spending was up a paltry 0.2 percent and the savings rat...
It's never the same unless ALL of my 404 boys are in the house, but Jeff is about to get married to the fabulous Stacie, so we had to discuss Jewish weddings before answering all of the great financial questions that 404 fans posed.
MoneyWatch blogger Allan Roth joined us to discuss the best places to stash your cash, tips for asset allocation and answers to your great questions. [video=479361]
The BEA just released third quarter GDP - as expected, the US economy expanded by two percent, up from 1.7 percent growth in the second quarter. In honor of Halloween, there are a few tricks and treats in the GDP report. GDP Treats: +2 percent is WAY better than -6.8 percent, which was wh...
This morning, the government will release the first estimate of third-quarter Gross Domestic Product (GDP). This morning, I joined WCBS-TV to explain what GDP means and why you should care. [video=479444]
The College Board's report on college pricing is out and it's a doozy! The average cost of tuition, room and board at private schools is $36,993 this year and the average for in-state students at four-year public schools is $16,140 this year. If you're keeping score, the cost of going to a public co...
The Labor Department reported that weekly jobless claims unexpectedly fell by 21,000 to 434,000 in the week ended Oct. 23, the lowest since early July. Additionally, the total number of people receiving unemployment insurance dropped to a two-year low; the number of people receiving extended payment...
Maybe Treasury Secretary Tim Geithner should have been in the financial services industry after all. According to SIGTARP Inspector Neil Barofsky, it looks like Geithner & Co at Treasury played fast and loose with accounting rules when tallying up AIG losses, amounting to $40 billion! Fro...