Personal Finance Daily: Mortgage rates dip slightly due to cooling inflation data, but new construction slows and Inflation Reduction Act promises tax credits for new and used electric vehicles — here’s how to claim them

‘Plunge in affordability’: Mortgage rates dip slightly due to cooling inflation data, but new construction slows

The 30-year fixed-rate mortgage averaged 5.13% as of Aug. 18, according to Freddie Mac. That’s a 9-basis-point drop from the previous week. Read More

Baby-formula shortage is finally easing, although some states are still seeing high out-of-stock rates

There were 25% more baby-formula products in stores and online compared to three months ago, according to the latest data. Read More

‘I grew up an only child’: My father wants me to inherit the family home, but my late mother also had a son from her first marriage. Are we doing the right thing?

‘My dad says the house will pass to me in a transfer-on-death deed, so it cannot be contested by my half-brother. Is that correct?’ Read More

Your next career or life move doesn’t have to be an ‘either-or’ choice. Give yourself a ‘both-and’ decision.

When facing a dilemma or conflict, here’s how to find a creative, ‘win-win’ solution. Read More

The LGBTQ+ community needs help meeting retirement and personal finance goals. Financial advisers have a huge opportunity to make a difference.

To attract clients in the LGBTQ+ community, advisers can signal their inclusiveness with these steps. Read More

Biden’s Inflation Reduction Act promises tax credits for new and used electric vehicles — here’s how to actually claim them

Here’s what to know about income caps, sticker-price limits, and rules around final assembly in North America. Read More

How this lawyer got $413,000 in student loans forgiven

As she watched her debt balloon, this legal director of a non-profit grappled with the Public Service Loan Forgiveness program to get the loans discharged Read More