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Search resuls for: "Veronica Dagher"


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☆ Treasury Overloaded With I Bond Orders as Investors Race to Lock in 9.62% Rate Before Midnight
  + stars: | 2022-10-28 | by ( Veronica Dagher | ) www.wsj.com   time to read: 1 min
The Treasury Department said there has been a ‘significant’ increase in traffic at its TreasuryDirect website. Oct. 28 is investors’ last chance to buy I Bonds that earn a 9.62% interest rate. Investors must complete purchases and receive a confirmation email by Oct. 28 before midnight to get the 9.62% I Bond rate for the next six months, the Treasury Department said. I Bonds purchased on TreasuryDirect Oct. 29 through Oct. 31 will be issued in November, TreasuryDirect said. These bonds will receive the rate announced by the Treasury Department on Nov. 1 (likely about 6.47%).
☆ Treasury Sold $3.4 Billion in I Bonds This Week as Investors Rushed to Get 9.62% Rate
  + stars: | 2022-10-28 | by ( Veronica Dagher | ) www.wsj.com   time to read: 1 min
The Treasury Department said there has been a ‘significant’ increase in traffic at its TreasuryDirect website. Oct. 28 is investors’ last chance to buy I Bonds that earn a 9.62% interest rate. Yet a surge in demand for the inflation-adjusted bonds has overwhelmed the TreasuryDirect site and the Treasury Department said it cannot guarantee orders will be completed in time. ET, nearly 69,000 accounts had been created and more than $710 million in I Bonds purchased on Friday alone, Treasury said. That brings this week’s I Bond sales to about $3.4 billion so far, Treasury said.
☆ Treasury Sold $500 Million in I Bonds Friday Morning, on Final Day to Lock in 9.62% Rate
  + stars: | 2022-10-28 | by ( Veronica Dagher | ) www.wsj.com   time to read: 1 min
The Treasury Department said there has been a ‘significant’ increase in traffic at its TreasuryDirect website. Oct. 28 is investors’ last chance to buy I Bonds that earn a 9.62% interest rate. Yet a surge in demand for the inflation-adjusted bonds has overwhelmed the TreasuryDirect site and the Treasury Department said it cannot guarantee orders will be completed in time. ET, about 52,000 accounts had been created and more than $500 million in I Bond purchased on Friday alone, Treasury said. Thursday, about 82,000 accounts were created totaling roughly $750 million in I Bond sales.
☆ Treasury Says Orders for I Bonds With 9.62% Rate Might Not Be Processed by Deadline
  + stars: | 2022-10-27 | by ( Veronica Dagher | ) www.wsj.com   time to read: 1 min
So many investors are scrambling to buy I Bonds, which pay a 9.62% interest rate if purchased by Oct. 28, that the Treasury Department said it cannot guarantee orders made before the deadline will be processed in time. The government’s TreasuryDirect site, the only place investors can directly purchase securities such as I Bonds and Treasury bills, this week became one of the most visited federal sites on the web, officials said, and has experienced intermittent outages.
☆ Treasury Says Orders for I Bonds With 9.62% Rate Might Not Be Completed by Deadline
  + stars: | 2022-10-27 | by ( Veronica Dagher | ) www.wsj.com   time to read: 1 min
So many investors are scrambling to buy I Bonds, which pay a 9.62% interest rate if purchased by Oct. 28, that the Treasury Department said its overwhelmed site might not complete all the orders in time. The government’s TreasuryDirect site, the only place investors can directly purchase securities such as I Bonds and Treasury bills, this week became one of the most visited federal sites on the web, officials said, and has experienced intermittent outages. The interest rate on I Bonds is expected to drop to about 6.47% beginning Nov. 1.
☆ As Investors Scramble to Buy I Bonds, TreasuryDirect Site Has Outages
  + stars: | 2022-10-27 | by ( Veronica Dagher | ) www.wsj.com   time to read: 1 min
The Treasury Department said there has been a ‘significant’ increase in traffic at its TreasuryDirect website. People scrambling to buy government I Bonds, which pay a 9.62% interest rate if purchased by Oct. 28, are experiencing outages at the TreasuryDirect website. The Treasury Department said there has been a “significant” increase in traffic at the website, which is the only place investors can directly purchase securities such as I Bonds and Treasury bills.
☆ The Newest Card-Carrying Members of AARP: 20-Somethings
  + stars: | 2022-10-26 | by ( Veronica Dagher | ) www.wsj.com   time to read: 1 min
Some people dread receiving their AARP card in the mail. These young people can’t wait. A rite of passage for those 50 and older, an AARP membership also is drawing younger folks determined to get discounts to cope with inflation. They shamelessly flash their cards at restaurants, often confusing the wait staff and amazing and embarrassing their friends and family.
☆ What Are I Bonds and How Do They Work? Here’s How to Earn Nearly 10% Interest
  + stars: | 2022-10-24 | by ( Veronica Dagher | ) www.wsj.com   time to read: 1 min
I Bonds will pay less in the months ahead but still remain attractive for many investors. These inflation-adjusted U.S. savings bonds are paying a 9.62% annual rate through October, but starting Nov. 1 that rate is expected to drop to about 6.47%. However, those who still wish to score the higher rate will need to take action by Oct. 28. More than $22.3 billion worth of I Bonds have been purchased this year through September on the Treasury Department’s website.
☆ As Home Prices and Mortgage Rates Stay High, Prospective Buyers Put Down Payments on Ice
  + stars: | 2022-10-18 | by ( Veronica Dagher | Photographs Asa Featherstone | Iv For The Wall Street Journal | ) www.wsj.com   time to read: 1 min
Many Americans who spent years socking away enough money for a down payment to buy a house are now waiting on the sidelines until mortgage rates or home prices drop. Fannie Mae forecasts that mortgage lenders will complete 49% fewer single-family-home loans in 2022 than 2021. With mortgage rates pushing 7% and home prices still high, buyers often park their down-payment money in low-yield accounts, financial advisers say. While relatively safe, the funds often collect more dust than interest.
☆ The Repairs That Will Help Sell Your House in a Cooling Market
  + stars: | 2022-10-10 | by ( Veronica Dagher | ) www.wsj.com   time to read: 1 min
The playbook for selling a home needs a makeover, and often so do the houses. Selling a house takes much more elbow grease than it did a year ago. Homeowners earlier could expect a bidding war the moment they staked the for-sale sign in the front yard, even if the property was in dire need of updating.
☆ Four Ways to Save Money on Car Insurance as Rates Rise
  + stars: | 2022-09-26 | by ( Veronica Dagher | ) www.wsj.com   time to read: 1 min
Drivers who have been complaining about high gas prices can now shift gears and gripe about car-insurance rates instead. While the average cost of a gallon dropped about 26% since June, car-insurance premiums have risen 8.3% on average compared with a year ago, according to S&P Global Market Intelligence. Inflation is only partly to blame.
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