Uneventfully Weaker Regardless of Durable Goods Data
By:
Matthew Graham
Wed, Apr 24 2024, 4:43 PM
Uneventfully Weaker Regardless of Durable Goods Data
Bonds were weaker in the overnight session on a combination of anxiety over potential sales of US Treasuries in Japan and European economic data. The domestic session brought actual selling of US Treasuries in the form of the 5yr Treasury auction, but the market already knew about that one. The auction was reasonably well received and had no impact on trading levels. Earlier in the morning, Durable Goods came out right in line with expectations and also had essentially no impact. Overnight weakness was maintained throughout the day with most of the momentum being sideways near recent highs yields.
Durable Goods
2.6 vs 2.5 f’cast
last month revised from 1.3 to 0.7
Durables, excluding defense and aircraft
0.2 vs 0.2 f’cast
last month revised from 0.7 to 0.4
09:06 AM
Weaker overnight and little-changed after AM econ data. 10yr yield up 4.1bps at 4.644. MBS down 6 ticks (.19).
10:51 AM
Weakest levels. MBS down 7 ticks (.22) and 10yr up 5.6bps at 4.657
01:04 PM
Boring 5yr auction. No major reaction. MBS down 5 ticks (.16). 10yr up 4.8bps at 4.649.
03:55 PM
Roughly unchanged from the last update and mostly flat since the late AM hours.
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There’s a reason so many people have been struggling to purchase a home this year. Not only are housing prices elevated as a result of low inventory, but mortgages are expensive to sign.
As of this writing, the average mortgage rate on a 30-year loan is 6.82%, according to Freddie Mac. But rates have fluctuated a bit since the start of the year, and they’ll likely continue to do so based on general market conditions.
Meanwhile, most mortgage experts expect rates to cool later in the year. But how low will they go? That’s the big question.
Federal Reserve actions could lower borrowing costs for home buyers
The Federal Reserve raised interest rates 11 times between 2022 and 2023 to help slow the pace of inflation. While the Fed’s actions don’t always completely correlate to movement in mortgage rates, they have the potential to influence them. As such, it’s not a big surprise that mortgages are currently expensive to sign.
There’s some good news, though. Despite the fact that inflation remains stubbornly elevated at over 3%, which is above the 2% level the Fed is targeting, it’s cooled nicely since 2022. As such, the Fed still thinks it can move forward with three interest rate cuts in 2024, the first of which could come within months.
What this means is that mortgage rates could fall quite a bit between now and the end of the year. But it’s tough to get a handle on how low they’ll go.
More: Check out our picks for the best mortgage lenders
Is it conceivable that mortgage rates will drop to about 6%? Yes. Whether they’ll go lower is the big question, and that’s a hard one to answer right now.
In January, the National Association of Realtors projected that mortgage rates would fall to 6.3% by the fourth quarter of the year. But if rates fall to 6.3% at the start of that quarter, they may be closer to the 6% mark by the end of it.
How to lock in the most competitive mortgage rate you can
It’s hard to know exactly how low mortgage rates will go in 2024. So instead of fixating on that, try to focus on steps you can take to set yourself up for a more attractive mortgage rate.
For one thing, try boosting your credit score. You can do so by paying bills on time and shedding some credit card debt. Checking your credit report for errors is also a great idea.
Also, try to work on reducing your debt-to-income ratio. That measures the percentage of your income that’s allocated toward existing debt payments. Paying off some credit card debt could help in this regard, too.
Finally, be prepared to shop around. You never know when one lender might have a better rate to offer you than another.
It’s fair to assume that mortgages will be less expensive to sign by the time 2024 gets close to wrapping up. But how much less expensive is a question that remains tough to answer.
The Consumer Financial Protection Bureau (CFPB) on Wednesday released a new edition of its Supervisory Highlights publication, which includes the agency’s actions to combat what it calls “junk fees charged by mortgage servicers, as well as other illegal practices.”
Examinations conducted by the bureau found mortgage servicers levied charges it deems “illegal,” including prohibited property inspection fees, the issuance of “deceptive” notices to borrowers, and violations of loss-mitigation rules. Financial institutions refunded these fees to borrowers based on CFPB findings and “stopped their illegal practices,” the agency said.
“Homeowners cannot just simply switch providers if their mortgage servicer charges them illegal junk fees,“ CFPB Director Rohit Chopra said in a statement accompanying the new publication. “Since mortgage borrowers are captive to a company they never chose to do business with, we are working hard to detect and deter violations of law.”
In addition to these findings, the bureau also claims that certain mortgage servicers failed to waive certain late fees and penalties that stem from challenges faced by borrowers during the COVID-19 pandemic. The agency also asserted that deadlines to pay property taxes and homeowners insurance were impacted.
“Mortgage servicers that accepted or required money from borrowers to pay taxes and insurance failed to make those payments in a timely manner, which caused some borrowers to incur penalties,” the bureau stated. “Servicers only took responsibility for those penalties for missed on-time payments if homeowners submitted complaints.”
Among the allegedly deceptive notices sent to borrowers include statements that certain borrowers in financial distress “had been approved for a repayment option,” when the reality was that “no final decisions had been made, and some of the homeowners were ultimately rejected.”
CFPB examiners also found servicers sent some homeowners “false notices saying that they had missed payments and should apply for repayment options,” and that servicers also “improperly denied requests for help and failed to evaluate struggling borrowers for repayment options as required under the CFPB’s mortgage servicing rules.”
The bureau added that mortgage servicers are taking corrective actions, including changes to certain policies and procedures. Servicers are also providing refunds for any issues related to fees, the agency said.
“The CFPB has been looking at ways to streamline mortgage servicing rules, while making sure mortgage servicers fulfill their obligations to treat homeowners fairly,” the bureau added.
Boston, MA, is a bustling waterfront city with nearly 700,000 residents. It is renowned for its prestigious universities, world-class museums, historic sites, and thriving arts scene. Boston is a beacon of history, innovation, and New England charm, with iconic landmarks such as the Freedom Trail, Faneuil Hall Marketplace, and Fenway Park.
If you’re considering living in Boston, the average rent for a one-bedroom apartment is $3,782. It’s no surprise that Boston is an expensive place to live, with many neighborhoods rent being more than the city’s average.
However, if you’re looking to rent an apartment in Boston and want a luxury apartment with water views or something in the heart of the city, then you’re in the right place. At ApartmentGuide, we’ve collected 14 of the most expensive neighborhoods in Boston to rent an apartment.
14 Expensive Neighborhoods in Boston, MA
From Columbia Point to Fort Point, there are plenty of amazing Boston neighborhoods to call home. Whether you’re looking for a luxury unit with plenty of amenities or a neighborhood with waterfront views, you’ll find them on this list.
1. Columbia Point 2. Fort Point 3. Financial District 4. D Street – West Broadway 5. Seaport District 6. Back Bay 7. Prudential – St. Botolph 8. West Fens 9. Harrison Lenox 10. Back Bay East 11. Central 12. Downtown 13. Shawmut 14. South End
Read on to see what each neighborhood has to offer its residents.
1. Columbia Point
Average 1-bedroom rent: $4,428 Apartments for rent in Columbia Point
Columbia Point is the most expensive neighborhood in Boston, as the average rent for a one-bedroom unit is $4,428. There are plenty of reasons why this neighborhood draws residents. Columbia Point is near attractions like the John F. Kennedy Presidential Library and Museum, the Commonwealth Museum, and the University of Massachusetts Boston. The area also has views of the Boston Harbor, making apartment views stunning. If you’re exploring the area, you can find plenty of waterfront trails. For renters living in Boston without a car, there are several bus stops and trains close to Columbia Point.
2. Fort Point
Average 1-bedroom rent: $4,097 Apartments for rent in Fort Point
Fort Point is a bustling area that’s south of downtown Boston. This former industrial neighborhood is near lots of attractions like the Institute of Contemporary Art and the Boston Children’s Museum. Fort Point is well-known for its waterfront spaces like Martin’s Park and the charming shops and cafes around Congress Street. The average rent for one-bedroom apartments is $4,097, which is about $300 above the city’s average, making it a pricier neighborhood. However, Fort Point’s location and amenities may be worth it.
3. Financial District
Average 1-bedroom rent: $4,087 Apartments for rent in Financial District
With an average one-bedroom rent of $4,087, theFinancial District is the third most expensive neighborhood in Boston. This neighborhood has plenty of historic buildings in styles like Georgian and Federal, as well as properties with picturesque views of Boston Harbor. Financial District is also near the highway and subway stations, making it a convenient location for commuters. If you’re looking for a relaxing afternoon, you can find the Norman B. Leventhal Park and Rose Fitzgerald Kennedy Greenway or museums like the Boston Tea Party Ships & Museum.
4. D Street – West Broadway
Average 1-bedroom rent: $4,025 Apartments for rent in D Street – West Broadway
D Street – West Broadway is the next most expensive neighborhood in Boston. This neighborhood is known for its central location near the Boston Convention and Exhibition Center and the Boston Tea Party Ships & Museum. One of Boston’s charming neighborhoods, it’s no wonder that this is a popular area. D Street – West Broadway has a lot of shops and restaurants, reflecting Boston’s vibe. Make sure to check out places like Amrheins, Lincoln Tavern & Restaurant, and Harpoon Brewery & Beer Hall.
5. Seaport District
Average 1-bedroom rent: $3,972 Apartments for rent in Seaport District
Just about 2 miles from Downtown, Seaport District is a stellar neighborhood if you want to live close to Downtown Boston and the waterfront. While more expensive, the perks of living in the Seaport District may help offset the costs. For example, you can live in Boston without a car as the Seaport District is near subway routes. You can also walk to attractions like Fan Pier Park, Pier 4, and Leader Bank Pavilion. The views in the Seaport District are also gorgeous, as you can see the Boston Harbor.
6. Back Bay
Average 1-bedroom rent: $3,945 Apartments for rent in Back Bay
Next up is Back Bay, the sixth most expensive neighborhood in Boston. Back Bay is full of history and charm with tree-lined streets, historic brick buildings, and museums like Newbury Street and Trinity Church. This area has plenty of parks, restaurants, and attractions, like the Boston Public Library, so you’ll have lots to explore. Make sure to enjoy the outdoors at the Charles River Esplanade or grab a meal at one of the neighborhood restaurants like Saltie Girl and Joe’s on Newbury. It’s no wonder the rents are above Boston’s average.
7. Prudential – St. Botolph
Average 1-bedroom rent: $3,945 Apartments for rent in Prudential – St. Botolph
Located in the Back Bay area, Prudential – St. Botolph is the next neighborhood on our list. Prudential – St. Botolph has a bustling atmosphere with venues, local cafes, and restaurants, such as The Friendly Toast and Flour Bakery + Cafe. The area is well-known for its shopping centers like Prudential Center and Copley Place, so make sure to explore all the stores. You can also check out some of Prudential – St. Botolph’s green spaces like Titus Sparrow Park.
8. West Fens
Average 1-bedroom rent: $3,925 Apartments for rent in West Fens
West Fens takes the eighth spot on our list of most expensive neighborhoods in Boston. The average rent for a one-bedroom unit is roughly $200 more than the city’s average. West Fens is a great option if you’re looking to be near attractions like Fenway Park, MGM Music Hall at Fenway, and James P. Kelleher Rose Garden. The area has plenty of local restaurants and shops, particularly along Boylston Avenue. West Fens is also great if you don’t have a car, as there are plenty of transit stops in the area. It’s also near some of the most affordable neighborhoods in Boston.
9. Harrison Lenox
Average 1-bedroom rent: $3,912 Apartments for rent in Harrison Lenox
A well-loved Boston neighborhood, Harrison Lenox is the next area. Harrison Lenox is home to the Boston University School of Medicine and the Frederick Douglass Square Historic District. You’ll find there are countless historic buildings in Harrison Lenox, so make sure to explore the area’s charm. You can also check out the SoWa Open Market, a Sunday farmers’ market that operates from May to October. If you need to commute to work, there are many options, as the Massachusetts Turnpike is nearby.
10. Back Bay East
Average 1-bedroom rent: $3,900 Apartments for rent in Back Bay East
The tenth most expensive neighborhood in Boston is Back Bay East. This area has a vibrant feeling with its popular restaurants and quirky shops, like Jonquils Cafe and Bakery, Tatte Bakery & Cafe, and Lolita Back Bay. You can find parks like the Commonwealth Avenue Mall and the Charles River Esplanade, perfect for enjoying a sunny day in Boston. Back Bay East is also close to the Boston Marathon finish line, providing residents with lots of opportunities to enjoy their neighborhood.
11. Central
Average 1-bedroom rent: $3,891 Apartments for rent in Central
Number 11 on our list is Central, which encompasses several areas like Downtown, West End, and the Waterfront. This neighborhood is fantastic if you’re looking for a neighborhood with charming streets and historic landmarks. There are plenty of cozy cafes and lively restaurants alongside major attractions like the Old State House, Faneuil Hall Marketplace, and the Paul Revere House. This is an excellent area if you’re looking to be close to plenty of activities and immerse yourself in Boston’s history.
12. Downtown
Average 1-bedroom rent: $3,872 Apartments for rent in Downtown
Taking the 12th spot is Downtown Boston. The average rent for a one-bedroom apartment is $3,872, compared to the city’s average of $3,000. Downtown’s expensive rent may be offset by its famous attractions like Faneuil Hall, the Quincy Market, the Boston Athenaeum, and the New England Aquarium. The convenience of these activities might be worth it to move to the neighborhood. You can find countless hidden gems, historic spots, and famous restaurants in the neighborhood – all showcasing Boston’s charming heritage.
13. Shawmut
Average 1-bedroom rent: $3,823 Apartments for rent in Shawmut
Shawmut is a popular area to consider living in Boston, which is close to Downtown. With attractions like Tremont Street and Peter’s Park and an average one-bedroom rent of $3,823, there are many reasons this expensive area may be for you. Be sure to check out nearby neighborhoods like Columbus and South End to get the most out of the area.
14. South End
Average 1-bedroom rent: $3,803 Apartments for rent in South End
Taking the final spot on our list of expensive neighborhoods in Boston is the South End. This area has an average one-bedroom rent of $3,803, meaning it’s closer in price to the city’s average. If you plan to rent in the South End, make sure to check out the SoWa Open Market and the South End Buttery to immerse yourself in the neighborhood’s vibrant atmosphere. You’ll never tire of exploring the charming streets filled with Victorian-style row homes, galleries, and pubs.
Methodology: Whether a neighborhood has an average 1-bedroom rent price over the city’s average. Average rental data from Rent.com in March 2024.
The following is a sponsored partnership with Kudos. Have you heard about Kudos – the free AI-powered wallet that helps you get more out of your credit cards? In this Kudos Review 2024, I’ll explain how this desktop browser extension and iPhone app helps you earn the maximum rewards and benefits when shopping online. With…
The following is a sponsored partnership with Kudos.
Have you heard about Kudos – the free AI-powered wallet that helps you get more out of your credit cards? In this Kudos Review 2024, I’ll explain how this desktop browser extension and iPhone app helps you earn the maximum rewards and benefits when shopping online. With the average Kudos member earning $750 per year, you won’t want to miss out on this game-changing tool!
With Kudos, you can always choose the best card for maximum rewards at checkout, easily autofill your card information (including CCV) with just one click, find new cards that match your shopping preferences, and more.
Plus, Kudos has helped its members earn $150 million in rewards and counting!
The best part? Kudos is completely free. That’s right—no hidden fees. Just shop like you normally do, and Kudos automatically helps you during checkout to maximize your rewards.
If you don’t want to leave money on the table, there’s no reason not to use Kudos to take the guesswork out of deciding which credit card to use for each online purchase.
Personally, I find Kudos incredibly helpful. As someone with multiple rewards credit cards, each with their own unique benefits, Kudos saves me a ton of time by instantly identifying the best card to use for each transaction. This not only simplifies my life but also helps me earn more money!
This is great so that you are using the full potential of your credit cards.
And, even if you only have one credit card, Kudos is still helpful! This is because, at many online stores, you can still double your rewards for using the Kudos browser extension and earn points to put towards free gift cards.
You can download Kudos for free by clicking here.Plus, use code “CENTS” to earn $20 back after your first eligible Boost purchase.
Key Takeaways from this Kudos Review 2024
Kudos is a free AI-powered wallet that maximizes your credit card rewards when you shop online, whether you’re buying groceries, clothing, travel packages, furniture, or anything else—all with a single click.
With Kudos, you no longer have to guess which credit card to use for each purchase. Just shop like normal and Kudos will automatically recommend the best card to make sure you always earn the highest cashback, points, or miles on every transaction.
Kudos supports over 2 million stores, so you’re virtually guaranteed to find your favorite retailers and maximize your rewards with them.
Even if your credit card doesn’t typically offer rewards, you can still earn rewards by shopping through the Kudos browser extension at participating merchants.
Kudos is compatible with all major desktop browsers (Chrome, Safari, Edge) and is also available as an iPhone app, making it easy to boost your credit card rewards across every device.
Kudos Review 2024
Below is my Kudos review.
What is Kudos?
Kudos (also known as Kudos Technologies, Inc.) is a helpful AI-powered browser extension and app designed to help you make the most of your credit cards, particularly when shopping online. It was founded by Tikue Anazodo and Ahmad Ismail, and Kudos has been featured on Forbes, Yahoo Finance, Bloomberg, The Motley Fool, Nasdaq, and more.
Think of it as a smart wallet for your browser. Driven by the complex world of credit card rewards, the Kudos team created this tool to simplify the process.
Here’s how it shines: Select the cards you commonly use (without the need for any sensitive bank details) and Kudos tells you which one to use at checkout. You see, your cards might be packed with potential rewards for different spending categories—travel, groceries, or dining.
Different credit cards have so many different benefits (such as the rewards percentage, extended warranties, purchase protection, insurance, and more), which can be difficult to keep track of.
Kudos makes sure you’re using the best card possible to earn the most rewards, which is especially useful if you have more than one rewards credit card.
Members have collectively earned over $150 million in rewards with Kudos. On a personal level, you could boost your annual shopping rewards by an average of $750 just by using Kudos.
Plus, Kudos is super user-friendly. You can add it to your preferred desktop browser (Chrome, Safari, Edge) or use it on your iPhone, and it’s completely free. The service makes money by earning a small commission when you shop at participating stores or sign up for a card through their recommendations.
When you shop without Kudos, you could be missing out on opportunities to earn rewards with your purchases. Why miss out on potential earnings when Kudos provides a free and simple solution?
Kudos also has a really helpful Instagram account full of helpful credit card tips. I highly recommend checking that out here.
How Kudos works
Imagine you’re online shopping, ready to checkout, and you pause, thinking, which credit card do I use? That’s where Kudos steps in, always there to give you the best advice.
Kudos knows your cards and suggests which one to use at checkout. But how? First, you add your credit cards to the Kudos wallet. It’s safe and simple. When it’s time to buy something, Kudos pops up and says, “Hey, use this card!” Why? Because it’s the card that will give you the most rewards or savings for that purchase.
Here are the steps to get started:
Download the Kudos browser extension (takes less than a minute to do) on your desktop browser (Chrome, Safari, Edge) or iPhone. You’ll also answer basic questions like your name and the type of credit card you have (such as the Chase Freedom card).
Shop like you normally do.
Once you’re ready to checkout, Kudos will automatically appear to let you know which credit card you should use to get the most rewards and benefits.
Click the card you want to use and Kudos will then autofill the card info, making checkout a breeze.
What stores does Kudos work on?
Kudos works at over 2 million online stores and with over 3,000 credit cards – so there’s a very good chance that it’ll work for you.
Don’t see a store supported or can’t find your card? Their support team is super responsive and will help you out!
Kudos vs. other rewards tools: What sets Kudos apart?
When it comes to maximizing credit card rewards, Kudos stands out from other popular tools like Rakuten, Honey, and Capital One Shopping.
While these platforms primarily focus on providing cashback offers or coupon codes, Kudos takes a more comprehensive approach to optimize your entire credit card strategy.
What sets Kudos apart is its AI-powered technology that analyzes your specific credit cards and spending habits to recommend the best card for each purchase.
This makes sure that you’re not only earning cashback but also maximizing your points, miles, and other card-specific perks. By considering factors like bonus categories, statement credits, and exclusive benefits, Kudos helps you get the most value out of your credit cards.
Key Features of Kudos
When shopping online, you want to stretch your dollar as far as it can go. Kudos has features that make this easy by helping you get the most out of your credit cards such as:
Maximize your credit card rewards
When you’re shopping online, Kudos helps you pick the best card to use to maximize your rewards and benefits.
With Kudos, you no longer have to guess which credit card to use. This AI-powered wallet automatically recommends the best card for each purchase, making sure you always receive the highest cashback, points, or miles possible.
I personally didn’t even know that one of my credit cards had some of the benefits that Kudos listed, and I can’t believe I had been wasting so much money by skipping out on such a valuable benefit! Kudos makes it very easy for me to see my card’s benefits all in one easy place.
Plus, if you’d like, you can add your credit card information to Kudos, and Kudos will autofill your card info (including CCV) to make checking out fast.
Another way that Kudos helps you earn more rewards is because Kudos helps you build your Dream Wallet so you can get the most out of your everyday purchases. You’ll go through a quick quiz to help Kudos gather information about your needs.
Double your rewards with Kudos Boost
With Kudos, you can increase the amount you can get in credit card rewards with just one click.
If you usually earn 4% cash back when shopping at sites like Walmart or Sephora, you’ll now earn a total of 8% back with Kudos Boost. The best part? You can earn Boost at participating stores even if your card doesn’t offer its own rewards.
Kudos Boost are reward points you earn by shopping at Boost merchants.
It works like this:
Shop at one of Kudos’ 15,000 participating Boost merchants
Click “Activate Boost” on the bottom right corner of the screen
Use Kudos at checkout – At checkout, Kudos will find your best credit card to use, autofill the payment forms, and match your credit card rewards.
Redeem rewards for a gift card
You’ll receive an email from Kudos around 1-2 days after completing an eligible transaction. After the store confirms your purchase it usually takes between 60 to 120 days for your rewards to be available, and you can then find your rewards on your Activity page on Kudos.
When you’ve earned 1,000 Kudos Boost points (equal to $10.00 USD), you can exchange them for an Amazon gift card.
Receive personalized credit card recommendations
Stop wasting time opening up credit card application pages on incognito. You can receive access to elevated card offers on Kudos’ Explore Tool through their partnership with The Points Guy.
So, if you are looking for a new credit card, use Kudos to help filter the best one for you and your situation and compare different cards in one easy place.
For example, Kudos member Christina L. was able to get 150,000 Membership Rewards points after spending $6,000 on the Amex Platinum card within the first three months of account opening. That’s almost double the 80,000 points after spending $8,000 found on the American Express website!
Answer all your credit card questions with MariaGPT
Maria GPT is an AI-powered, personalized assistant designed to answer all your credit card questions, available on the Kudos mobile app.
She can help you understand the benefits of your current cards and offer personalized suggestions for new cards based on your spending habits, goals, and objectives.
Frequently Asked Questions about Kudos Review 2024
Below are common questions about Kudos, the free AI-powered wallet.
Is Kudos free to use?
Kudos is free to use.
How does Kudos make money?
Kudos earns a small affiliate commission when you make an online purchase at one of their participating merchants. Additionally, if you use the Kudos Explore Tool to apply for a new credit card, Kudos may receive a payment from the credit card issuer.
Is there a Kudos referral code?
Yes! Sign-up for Kudos for free and use the Kudos referral code “CENTS” to earn $20.00 back after your first eligible Boost purchase.
How much can you earn with Kudos?
On average, Kudos members earn $750 per year in rewards by using the app to maximize their earnings.
Do I need to provide my credit card numbers to use Kudos?
No, you don’t need to enter your credit card numbers to use Kudos. Simply select the cards you have in your wallet, and Kudos will help you maximize your benefits at checkout. Providing your credit card information is optional if you want to speed up the checkout process.
Can I use Kudos with other browser extensions?
If you use Kudos Boost and then activate another rewards program like Rakuten, Honey, Capital One Shopping, or others during the same shopping session, Kudos may not be able to earn an affiliate commission. To make sure you get maximum rewards, it’s best to use Kudos exclusively during your online shopping.
Is Kudos wallet legit?
Yes, Kudos is a legitimate browser extension and app used by over 200,000 shoppers who have earned over $150 million in rewards. You can find genuine user reviews on trusted platforms like Trustpilot, Chrome Web Store (4.8/5 stars from 667+ reviews), and the Apple App Store (4.7/5 stars from 3,500+ reviews).
Is Kudos safe and secure?
Yes, Kudos prioritizes user security and employs industry-leading protocols, including bank-grade 256-bit encryption, to safeguard your data. Kudos handles your personal and financial information with the utmost care and never sells or shares it with third parties. You can feel confident and secure when using the Kudos browser extension and app.
My Kudos Review 2024: Final Thoughts
I hope you found this Kudos review informative and helpful in understanding how this AI-powered wallet can help you maximize your credit card rewards.
Navigating the world of credit card rewards can be overwhelming, but Kudos simplifies the process with its intelligent recommendations. By analyzing a database of over 3,000 cards, Kudos ensures you always use the best card for each purchase, boosting your rewards effortlessly.
In addition to its AI-driven recommendations, Kudos streamlines your online shopping experience with a one-click autofill feature. This not only saves you time but also guarantees that you’re always using the card with the most advantageous benefits for each transaction.
Personally, I find Kudos to be a must-have shopping tool. As someone with multiple rewards credit cards, each with their own unique perks, trying to determine which card to use for every purchase can be time-consuming and confusing. Kudos eliminates this hassle by automatically identifying the best card for each transaction, allowing me to maximize my rewards efficiently.
Even if you only have a single credit card, Kudos can still help you earn more rewards. By shopping through the Kudos browser extension at thousands of participating online stores, you can accumulate points that can be redeemed for free gift cards. This means that regardless of how many credit cards you have, Kudos enables you to optimize your rewards earning potential.
Kudos also helps users find new credit cards through its partnership with The Points Guy, a well-known credit card rewards and travel website. By using the CardMatch service, Kudos helps users find the best credit card offers tailored to their specific needs and spending habits. This feature is particularly useful for those looking to expand their credit card portfolio and maximize their rewards earning potential across multiple cards.
You can sign up for Kudos for free by clicking here.
Do you use Kudos? What other questions do you have for this Kudos review?
The number of U.S. citizens flying to international destinations reached nearly 6.5 million passengers in March, according to the International Trade Administration. That’s the highest March total in over five years and shows that the post-pandemic “revenge travel” trend is the new normal.
It wasn’t just March, which usually sees a spike in international departures for spring break. In every month of 2024 so far, more Americans left the country than last year and 2019. These trends point to a blockbuster summer for overseas travel.
Nearly half of Americans (45%) plan to travel by air and/or stay in a hotel this summer and expect to spend $3,594 on average, on these expenses, according to a survey of 2,000 U.S. adults, conducted online by The Harris Poll and commissioned by NerdWallet.
That’s despite rising travel prices that have caused some hesitancy among would-be travelers. About 22% of those choosing not to travel this summer cite inflation making travel too expensive as a reason for staying home, according to the poll.
So where are traveling Americans going? And what does it mean for those looking to avoid crowds of tourists and higher travel prices?
New travel patterns
Nearly every region in the world saw an increase in U.S. visitors in March 2024 compared with March 2023, according to International Trade Administration data. Only the Middle East saw a decline of 9%. Yet not every region saw the same year-over-year bump. U.S. visitors to Asia saw a 33% jump, while Oceania and Central America each saw a 30% increase.
Comparing 2024 with 2023 only tells part of the story, however. The new patterns really emerge when comparing international travel trends to 2019. For example, Central America received 50% more U.S. visitors in March 2024 compared with March 2019. Nearly 1.5 million Americans visited Mexico, up 39% compared with before the pandemic. That’s almost as many visitors as the entire continent of Europe, which has seen a more modest 10% increase since 2019.
Only Canada and Oceania saw fewer visitors in March 2024 than in 2019, suggesting that interest in these locations has not rebounded. Indeed, the trends indicate a kind of tourism inertia from COVID-19 pandemic-era lockdowns: Those destinations that were more open to U.S. visitors during the pandemic, such as Mexico, have remained popular, while those that were closed, such as Australia, have fallen off travelers’ radars.
Price pressures
How these trends play out throughout the rest of the year will depend on a host of factors. Yet, none will likely prove more important than affordability. After months of steadiness, the cost of travel, including airfare, hotels and rental cars, has begun to sneak up again.
About 45% of U.S. travelers say cost is their main consideration when planning their summer vacation, according to a survey of 2,000 Americans by the travel booking platform Skyscanner.
That’s likely to weigh further on U.S. travelers’ appetite for visiting expensive destinations such as Europe, while encouraging travel to budget-friendly countries. It could also depress overall international travel as well, yet so far, Americans seem to be traveling more.
For those looking to avoid crowds while maintaining a budget, Skyscanner travel trends expert Laura Lindsay offered a recommendation many of us might need help finding on a map.
“Albania has been on the radar of travelers looking for something different,” Lindsay said. “Most people have yet to discover it, but flights and tourism infrastructure are in place, and there are fewer crowds in comparison to trending European destinations like Italy, Greece, or Portugal.”
On the flip side, American travelers looking to avoid crowds of compatriots would do well to avoid Japan, which has seen a staggering 50% increase in U.S. tourists between March 2019 and 2024.
How to maximize your rewards
You want a travel credit card that prioritizes what’s important to you. Here are our picks for the best travel credit cards of 2024, including those best for:
For Policyowners residing in Maryland: Northwestern Mutual extends its support to families and businesses affected by the Francis Scott Key Bridge collapse and the reduced operations of the Port of Baltimore. Affected Maryland policyowners can contact us at (866) 950-4644 to request premium relief if they are having difficulties meeting premium payments as a result … [Read more…]
“Mortgage rates continued to move higher last week, reaching their highest levels since late 2023 and putting a damper on applications activity,” MBA chief economist Joel Kan said in a news release emailed to MPA. “The 30-year fixed rate increased for the third consecutive week to 7.24%, the highest since November 2023.” The refinance index … [Read more…]
For many aspiring homebuyers, the dream of homeownership has become increasingly difficult to attain in recent years. A combination of soaring home prices and rising mortgage rates has made purchasing a property significantly more expensive, stretching budgets to their limits. For example, the median home price nationwide hit $417,700 in Q4 2023 — up from an average of $327,100 in Q4 2019. And, 30-year fixed mortgage rates currently average 7.30%, more than double what they were just a few years ago.
That said, it can still make sense to buy a home right now, even with today’s unique challenges looming. After all, high rates generally mean buyer competition is down, so it could be a good time to make your move. And, while you may be thinking about waiting for rates to fall, there’s no guarantee that will happen in the near future. Plus, you always have the option to refinance your mortgage loan at a lower rate if mortgage rates do eventually decline.
But getting approved for a mortgage in today’s unique landscape can prove challenging even for borrowers with strong credit and stable employment. Lenders have understandably grown more cautious in the face of economic headwinds, making the application process more rigorous. So what should you do if your mortgage loan application is denied by a lender?
Find out how affordable the right mortgage loan could be today.
Was your mortgage loan application denied? 9 steps to take
If your mortgage application has been denied, it’s important not to lose hope. There are steps you can take to improve your chances of approval:
Request the denial reasons in writing
By law, lenders must provide you with the specific reasons for denial in writing upon request. This documentation is essential, as it will allow you to precisely identify and address the problem areas that led to the rejection. Never assume you know the reasons; get them directly from the lender so you know what to focus on instead.
Explore your top mortgage loan options and apply for preapproval now.
Review your credit report
Mistakes and inaccuracies on credit reports are surprisingly common. If your mortgage loan application is denied, obtain your free annual credit reports from all three major bureaus (Experian, Equifax and TransUnion) and scrutinize them carefully. If you find any errors, dispute them with the credit bureaus to have them corrected or removed, as this could significantly boost your approval chances.
Work to improve your credit
For many buyers, a subpar credit score is the roadblock to mortgage approval. If a low credit score causes your mortgage application to be denied, take proactive steps like paying all bills on time each month, reducing outstanding balances on credit cards and other loans and avoiding opening new credit accounts in the short term. Improving your credit profile can rapidly enhance your mortgage eligibility.
Increase your down payment
Many lenders favor borrowers who can make larger down payments upfront. Not only does this lower the overall mortgage loan amount, but it demonstrates your commitment and ability as a borrower. Options to boost your upfront contribution include tapping employment bonuses, tax refunds, gifts from relatives or simply saving more aggressively.
Find a co-signer
If your own income and credit aren’t adequate for mortgage approval, applying jointly with a creditworthy co-signer could be the solution. A spouse, parent or other party with strong finances can boost the overall application through their positive profile. However, it’s imperative that all parties understand and accept the legal obligations before proceeding.
Explore government-backed loans
While conventional mortgages from banks and lenders typically have stringent requirements, loans insured by government agencies tend to have more flexibility. If you meet the eligibility criteria for an FHA, VA or USDA loan based on income limits, military service or rural location, these could represent a pathway to homeownership.
Find ways to increase your income
If you’re denied due to a high debt-to-income (DTI) ratio, finding ways to boost your monthly earnings could be the deciding factor. Options to do this include requesting a raise from your current employer, finding a higher-paying job or establishing steady side income from a second job or freelance work.
Change lenders
Not all mortgage lenders evaluate applications through the same underwriting models or with the same risk appetite. While one bank may deny you, another lender could give you a green light after reviewing the exact same financial information. So, if you’re denied a mortgage loan with one lender, it makes sense to shop around, ask questions and get multiple assessments to find the right fit.
Wait and apply again
Mortgage approvals are based on a specific snapshot of your finances at one point in time. If rejected, sometimes the best recourse is to press pause, work on improving weak areas over several months and then reapply with an updated financial profile for a fresh evaluation.
The bottom line
A denied mortgage can be disheartening, but don’t give up hope. With diligent preparation, an openness to explore alternative pathways and a willingness to make difficult but necessary changes, you may still have options to secure financing and make your homeownership dreams a reality. Ultimately, perseverance and knowledge are key when faced with today’s uniquely challenging housing market.
Angelica Leicht
Angelica Leicht is senior editor for CBS’ Moneywatch: Managing Your Money, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing roles at The Simple Dollar, Interest, HousingWire and other financial publications.
Many Gen Zers and millennials have tabled the dream of owning a home as asking prices and interest rates skyrocket. This unaffordability means we Zillennials—the generation who grew up watching the HGTV channel—aren’t likely to zhuzh our patios into large alfresco layouts or elevate the crown molding with a pop of color the way we’ve seen on television. But being a forever renter doesn’t mean our living spaces are doomed to be bland and unoriginal; there are renter-friendly ways to customize your pad, and home decor expert Alexandra Gater and her YouTube channel have all the tips for you.
The magazine editor turned interior designer is a rising influencer in the home decor space. Her eponymous channel has more than 700K subscribers (and counting!) and features studio makeovers, decorating how-tos, and styling tips. As a 32-year-old millennial, Gater knew home ownership was a farfetched dream but didn’t believe renting meant she couldn’t make her space her own. While many popular interior design channels focused on splashier houses and mansions, she began building her content around small-space solutions and apartment renovation tips that were realistic and doable.
My best work has always come from being myself.
“I started to realize that there was a huge gap in the world of home decor and interiors—magazines often highlight the biggest, flashiest makeovers, but where was the design advice for those who rent and may never own a home?” she says. “For many, including myself, renting is a long-term reality, and I wanted to speak to that group of people to show them that having a beautiful space is absolutely possible.”
Six years later, Gater has turned this niche hobby into a blooming interior design business that specializes in accessible home design and offers virtual makeovers. The queen of DIY, Gater is always finding new tips and styling hacks to share with her followers, whether she’s adding bright and bold peel-and-stick wallpaper to a tiny bathroom or decluttering an entryway by adding built-in shelves.
Q&A
House Beautiful: What’s one piece of advice you would give your past self?
Alexandra Gater: It’s so easy to compare and get caught up in what others are doing in this industry, but staying in my lane and focusing on the niche I’ve created for myself helps me not get caught up in the comparison game. My best work has always come from being myself, and I wish my past self felt confident in that knowledge when I was first starting out. HB: What drew you to the home/design online space?
AG: The fact that I get to be creative for a living. One of the most rewarding aspects of my job is that I get to see a project from beginning to end. It’s so satisfying watching it in a video that goes live for thousands to see.
HB: What’s something you wish you’d known before you started creating content online?
AG: Things take time, and overnight success isn’t actually the goal. It’s a slow burn, but since social media trends die quickly, it can feel like you’re always behind when that’s not actually the reality.
HB: What excites you most about the design industry right now?
AG: I love that creators like myself are just so excited to try new things and new styles and not conform to what everyone else thinks is trendy. Creators are determining the trends, and it makes me feel so hopeful that I can continue to express myself freely online and try new things.
HB: What three words best encapsulate your design style?
AG: Fun, colorful, cozy.
HB: If you could transport yourself to any design era, which would it be?
AG: The 1950s, when pink was in! It’s my favorite color, and I love how we try to recreate pink kitchens and bathrooms now. What’s retro to us was just the moment then.
HB: What accounts are most inspiring you right now?
AG: I love scrolling my For You page and seeing what kind of design pops up. I love when I see something unexpected or a new, bold color that I can’t wait to try. I also love following female creators who have built strong businesses, such as Studio McGee, Justina Blakeney, and Emily Henderson, to name a few, and observing how they lead their respective brands.
HB: Where do you shop for home decor online?
AG: H&M Home for accessories, IKEA for basics to DIY and customize, Anthropologie, Target, and Article.