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Apr 4, 2012

How to grab the best mortgage rate now

CHICAGO (Reuters) – With mortgage rates still hovering near historic lows, this could be the right time to buy a home or refinance a mortgage, but nailing down a low-rate, low-fee loan isn’t that easy.

Winning one of the best deals in the current volatile mortgage market is like shooting a bullseye from a roller coaster, say brokers who are close to the action. Rates are still running under 4 percent for 30-year fixed rate loans, reports Bankrate.com, but they do fluctuate and not all applicants get the best rates. “It’s unpredictable,” says Cathy Milligan, a veteran mortgage broker with Marina Funding Group in Ventura, California. “Some people don’t even know to check around. They just assume that they go to their bank and that they’re going to get the best loan there is.”

Apr 4, 2012

YOUR MONEY: How to grab the best mortgage rate now

CHICAGO, April 4 (Reuters) – With mortgage rates still
hovering near historic lows, this could be the right time to buy
a home or refinance a mortgage, but nailing down a low-rate,
low-fee loan isn’t that easy.

Winning one of the best deals in the current volatile
mortgage market is like shooting a bullseye from a roller
coaster, say brokers who are close to the action. Rates are
still running under 4 percent for 30-year fixed rate loans,
reports Bankrate.com, but they do fluctuate and not all
applicants get the best rates.

Mar 27, 2012

Why college students stop short of a degree

CHICAGO (Reuters) – Aspiring journalist Fruzsina Eordogh dropped out of Loyola University Chicago last spring, just a few classes shy of graduating.

Saddled with $50,000 in student loans, she decided that spending more time in class would derail her from pursuing opportunities in the job market.

Mar 27, 2012
Mar 19, 2012
Mar 7, 2012

What retirees wish they’d done differently

CHICAGO (Reuters) – Retirees know a lot about what it’s like to be retired, but they often don’t get asked for their advice.

So Reuters decided to go to the source. We asked several retirees what they would tell their 40-year-old selves if they could go back in time. If they could redo retirement, what would they do differently? Here’s what they said.

Mar 7, 2012

YOUR MONEY: What retirees wish they’d done differently

CHICAGO, March 7 (Reuters) – Retirees know a lot
about what it’s like to be retired, but they often don’t get
asked for their advice.

So Reuters decided to go to the source. We asked several
retirees what they would tell their 40-year-old selves if they
could go back in time. If they could redo retirement, what would
they do differently? Here’s what they said.

Mar 1, 2012

A comic book route to financial literacy

CHICAGO (Reuters) – Come summer, mutant robots from outer space and flying, caped crusaders will need to make way for a slightly less dramatic comic book character: the number cruncher.

On June 4, SmarterComics will release an 80-page comic-book version of “Financial Intelligence,” a bestseller by co-authors Karen Berman and Joe Knight. The founders of the Business Literacy Institute, which provides financial literacy training, had produced a surprise hit with their traditional-text tome, released in 2006, which offers simple explanations of accounting concepts for managers.

Feb 28, 2012

Freelance? An IRS audit may be in your future

By Lou Carlozo

(Reuters) – This past New Year’s Eve, any impulse I had to ring in 2012 on a high note was drowned out by alarm bells from Uncle Sam.

On that day, my wife and I received separate eight-page letters from the Internal Revenue Service informing us that we were being audited for the 2009 tax year. It was, to say the least, no cause for breaking out champagne and noisemakers. In fact, it seemed like a cruel twist: 2009 was the year I was laid off by the Chicago Tribune after 16 years of full-time employment. I then entered the freelance ranks, where I’ve remained ever since.

Feb 24, 2012
    • About Lou

      "Lou Carlozo most recently served as the managing editor at WalletPop.com, AOL's personal finance website. He also wrote and created "The Recession Diaries" column at the Chicago Tribune, where he served as an editor and staff writer for 16 years. The author of a journalism textbook and an adjunct professor at National-Louis University, Carlozo is the lead popular music critic for Christian Century magazine, a contributor to Downbeat magazine and also writes the "Green Dad" column for DealNews.com. The opinions expressed are his own."
      Joined Reuters:
      2011
      Languages:
      French
      Awards:
      Bob Briner Impact Award, Biola University, 2007
      Chicago Tribune Innovator Award, 2005
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