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NEWS YOU CAN USE

July 2017
Market Update


The July 2017 Market Thoughts video is now available on our website. Brad McMillan, Commonwealth's CIO, discusses the markets and economy in June. It was a good month, with consumer confidence and business confidence remaining strong. The Federal Reserve raised rates and seems likely to keep doing so. Plus, growth is accelerating around the world, from Europe to China. But here's the problem: Both consumer spending and business investment are not growing as much as expected. So, are we going into a typical summer slowdown or are we looking at slower growth going forward?

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Interest Rates Rise on Federal Student Loans for 2017/2018
 
After two years of falling interest rates, interest rates on federal student loans are now rising.  Here is a breakdown of the new rates, availability and borrowing limits.
Financial Aid:  Scholarships
 
Many of us are aware that the dollars received from a scholarship do not have to be repaid.  Scholarships come from many sources, but only a small percentage of financial aid comes from them.  Click here to learn how a scholarship fits into the financial aid picture, tax implications of a scholarship and more.
Tapping the Equity in Your Home
 
The equity in your home is a reservoir for potential funding for home remodeling, buying a car, or for paying college tuition.  This   article 
discusses the pros and cons of using home equity for financing as well as the difference between a home equity loan and home equity line of credit.
Refinancing your Mortgage
 
There are a variety of reasons to consider refinancing your mortgage, including lowering your monthly payments, shortening the length of the loan, just to name a few.  Here are some tips to consider while researching your refinance options.