When home insurance falls short on rebuild costs

Mortgage

Assignment of benefits agreement (AOB): Allows a homeowner to transfer their insurance claim rights to a contractor or repair company, giving that third party the authority to negotiate with the insurer and collect payment directly.…

Banking giant HSBC considers job reductions due to AI, report suggests

Markets

Global banking giant HSBC Holdings Plc is considering significant job reductions in the years ahead, as CEO Georges Elhedery bets on artificial intelligence to downsize middle and back offices, Bloomberg reported. The greatest impact is anticipated to be seen among non-client-facing positions in global service centers, but the evaluation is…

How Fed Moves Impact HELOCs, Home Equity Loans

Mortgage

Image by Chorna Olena/Getty Images; Illustration by Austin Courregé/Bankrate The Federal Reserve’s interest rate decisions influence what you pay for new home equity loans and variable-rate home equity lines of credit (HELOCs). Here, we break down how the Fed’s monetary policy affects how much it’ll cost you to borrow against…

Fed’s Bowman says she’s penciled in 3 rate cuts before the end of 2026

News

Federal Reserve Vice Chair for Supervision Michelle Bowman said on Friday that she’s penciled in multiple rate cuts before the end of the year. “I’m still concerned about the job market,” Bowman, considered one of the more hawkish members of the Federal Open Market Committee, said during an interview on…

Best credit union savings account rates in March 2026

Mortgage

PM Images/GettyImages; Illustration by Hunter Newton/Bankrate Credit unions are not-for-profit, member-owned institutions that commonly offer savings accounts with above-average rates, low minimum deposit requirements and low (or no) fees. While some credit unions restrict membership to those of a certain location or occupation, others make it easy for anyone to…