Monday's Personal Finance stories
- A cash-in refinance can cut mortgage costs
- New cystic-fibrosis drugs bring hope
- Tax tips for summer workers
- Ten stock-market myths that just won't die
- How to beat baggage fees
It's a curious strategy when you think about how home prices are still declining in some areas. On the other hand, that's not true everywhere, and perhaps these cash-in refinancers are concentrated in stronger markets, pricewise.
If you plan to stay in your home a long time, then reducing that debt certainly is appealing, especially when investing your savings elsewhere these days is not going to get you very far.
-- Andrea Coombes , Personal Finance editor
Cash-out refinancing gained popularity when home values were rising fast, and homeowners wanted to tap their home equity to put money in their wallets. Today, some borrowers are doing the reverse, bringing cash to the closing table when they refinance their home loans.
See story on a cash-in refinance can cut mortgage costs.
U.S. sales of new homes scored a better-than-expected rebound in June after having plumbed record lows a month earlier, government data showed Monday.
See story on new-home sales rebound in June from record low.
Emily Schaller likes to travel as part of the cystic-fibrosis advocacy she does, but the daily regimen she uses to manage her disease weighs her down.
See story on new drugs for cystic fibrosis bring hope.
The practice of sitting in one place for too long can lead to a shorter life, even if you exercise, according to a new study. In this week's Health Minute, MarketWatch's Kristen Gerencher offers some tips on how to stay healthy.
Watch video report on sitting can be dangerous to your health.
Democrats are aiming to push legislation extending the Bush-era tax cuts for the middle class ahead of the midterm elections. But with Republicans and several Democrats advocating a similar extension for high earners too, prospects for passage before November balloting appear uncertain.
See story on Bush-era tax cuts a likely election theme.
Students with summer jobs know by now that a good chunk of the money they earn doesn't end up in their wallets. Part-time and seasonal workers are subject to the same tax rules as other employees. For many college-age workers, it's a rude awakening.
See story on tax tips for summer workers.
If you can dream it, you can live it. How often do we hear that? How often are we told that we can't live our dream unless we first visualize it in our head?
See story on to find my dream job, I didn't just dream.
The training budget may have been slashed, but you don't have to wait for a complete economic recovery to get ahead. You can turn other parts of your life, including any volunteerism, into applicable work experience that can be used to enhance your current career or even start a new one.
See story on using hobbies to enhance your career.
International stock mutual funds and exchange-traded funds could attract more new money this year over 2009, powered in part by emerging markets holding up better than developed nations in the downturn.
See story on emerging markets' outperformance draws investors.
While the start of this year was all about the misery of the PIIGS, the rest of the year is likely to focus on the mastery of the STINC.
See story on five places to invest before you retire.
The Dow Jones Industrial Average (DJIA) last week ended up pretty much where it had been a little more than a week earlier. A rousing 200-point rally on Wednesday mostly made up for the distressing 200-point selloff the previous Friday.
See story on 100 stock-market myths that just won't die.
The past few days have provided one of those curiosities that make investing a bit confounding.
See story on a stock market that can't decide.
Mutual-fund managers typically don't want to make bad performance worse, but that seems to be the path Kevin Landis has set for the Firsthand Technology Value Fund.
See story on Firsthand shareholders get second-rate deal.
One of the top-performing exchange-traded funds so far in July tracks Chinese real-estate companies, and the small ETF has rallied more than 10% amid persistent talk of a bubble in China's property market.
See story on ETF for Chinese real-estate companies heats up in July.
I read a wonderful review of the Jeep Wrangler the other day that summed up both its charms and demerits. I still think I would love one parked permanently in the driveway.
See Car Review on 2010 Lexus GX460.
Another reason to pack light: More airlines are making you pay to check luggage these days. But there are ways to minimize or avoid the expense.
See story on how to beat baggage fees.
Many parents want to control how quickly their children can draw down the retirement accounts they inherit -- and are fixating on trusts as the answer. But setting up such a trust can be a complicated and risky process.
See story on when trusts meet retirement accounts.
The United States economy is gradually recovering, but the private sector now must drive growth rather than the government, Treasury Secretary Timothy Geithner said Sunday.
See story on private sector must drive economy: Geithner
The second quarter is getting no respect. Only a few weeks ago, the quarter was strutting along the beach. Now even economists are kicking sand in its face.
See Economic Preview.
President Barack Obama and congressional Republicans sparred over jobs on Saturday, with each lambasting the others' policies in the face of persistently high unemployment and new data showing a rising deficit.
See story on Obama, Republicans spar over jobs.
BP PLC (BP) Chief Executive Tony Hayward will step down from his post in October and be reassigned to the company's joint venture in Russia, according to reports that surfaced as the oil major's board of directors held a pivotal meeting Monday.
See story on BP's Hayward may be reassigned to Russia