In Debt Weekly

Key takeaways There’s no universal “right amount” for a savings account, but most people need three to six months of expenses in an emergency fund plus cash for any short-term goals — and not much more than that. Money sitting in a traditional savings account earning the national average of…

Image by PM Images/Getty Images; Illustration by Hunter Newton/Bankrate Mortgage rates fell this week, with the 30-year fixed rate averaging 6.16%, down from 6.23% last week, according to Bankrate’s latest lender survey. Current mortgage rates Loan type Current 4 weeks ago One year ago 52-week average 52-week low 30-year 6.16%…

Key takeaways Refinancing your mortgage can help you lower your rate, access your home’s equity or move to a fixed-rate loan. For most homeowners, the best time to refinance is when you qualify for a lower rate than you’re currently paying. If you want to refinance, calculate the break-even point…

Washington skeptics were quieted Wednesday morning as the January jobs report beat expectations, revealing a resilient American workforce that added 130,000 jobs to start the year. While experts predicted a winter chill for hiring, the 4.3% unemployment rate tells a different story — one of a Main Street economy —…