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Yahoo
3 minutes ago
- Yahoo
Mortgage rates dip below 6%: What this means for homebuyers
Mortgage rates are falling, with the 15-year rate dropping below 6% for the first time since February, according to the Mortgage Bank Association. Yahoo Finance Senior Reporter Claire Boston joins Market Catalysts with Julie Hyman to explain what easing rates and slowing shelter costs could mean for buyers. To watch more expert insights and analysis on the latest market action, check out more Market Catalysts. US mortgage rates dropped last week by the most since February. That's according to data from the mortgage bankers association. The rate on the 15-year mortgage fell below 6% for the first time in 4 months, matching its lowest level since October. The news comes as government data showed shelter costs continue to decelerate in July, though they still outpaced overall inflation. Joining me now, Danielle Hale, chief economist, and Yahoo Finance senior housing reporter, Claire Boston. Before we sort of dig into the shelter costs broadly, Claire, I do want to start with you just on this mortgage bankers, the latest rate news, that it is coming down. I imagine this is welcome news for folks who are trying to move, since we have seen those rates so persistently high. Yeah, Julie, you know, anything really helps here since we've pretty much been stuck at this kind of high 6% space for pretty much all of this year. Um, that being said, when I'm looking at this MBA application data, what sticks out to me is that we have not really seen an uptake in purchases yet. So, you know, that suggests to me, um, you know, people who are sitting on the sidelines are not jumping back in with rates a little bit lower. We are seeing refis tick up quite a bit though. So, you know, maybe if you have a 7% or higher mortgage rate, you know, getting a little bit of a drop here is going to entice you to refi, but we'll see kind of what happens in the coming weeks. Related Videos CoreWeave earnings don't answer the big question bears are asking Starbucks turnaround check-in: 1 yr. since CEO shake-up D-Wave CEO talks quantum computing's capabilities & what's next Cava stock plunges on Q2 results: CEO explains what happened Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
3 minutes ago
- Yahoo
Got Your First Job? Here's What You Must Understand About Your First Paycheck
Whether you're 16 and just starting out in a minimum wage job, or fresh out of college with your degree in hand, you've got to watch your money. Explore More: Read Next: There are so many parts of getting paid that you unfortunately didn't learn in high school or college. And learning those things early can mean the difference between you becoming a millionaire and you living paycheck to paycheck for decades. The key is to understand your paycheck and to use your income to grow your wealth. GOBankingRates breaks it all down. 1. Your Salary Is Not Your Take-Home Pay, Sadly That's right. However much you were hired for, that's not actually how much you'll take home. In fact, you'll probably take home closer to two-thirds of your actual salary. From every single paycheck, you'll automatically pay: Federal income tax State tax (in all but eight states) Social Security (6.2% of your salary) Medicare (1.45% of your salary) You'll often hear people differentiate between your gross income and your net. Your gross income is how much money you get paid before taxes. Your net income is after those lovely deductions. Find Out: 2. You May Have Even More Deductions But wait — it doesn't stop there. Many employers in the United States also offer benefits packages that offer discounts on services like health insurance, dental insurance and retirement funds, like a 401(k) plan. If you sign up for any of these options, you'll see those deductions come from your pay, as well. These deductions will vary based on which options you choose and how much your employer contributes. 3. Find Out How Often You Get Paid It's important to know how often you get paid. Some employers will pay you twice a month, on the 1st and the 15th, for example. Others will pay you every other week on the same day of the week. This information is helpful because it can help you decide how much to spend and how much to invest. Biweekly pay gives you 26 paychecks per year, as opposed to the 24 you would get for semimonthly checks. That means you'd get an 'extra check' two months out of the year, which you can plan to invest to grow your wealth. 4. You Need a Budget Now that you're making the big bucks, you want to use your money wisely. Far too many people start making money and then just spend it. Before the next paycheck comes in, all your money is gone, and you've begun the vicious cycle of living paycheck to paycheck. Avoid this trap by creating and sticking to a budget. A good rule of thumb is the 50/30/20 rule. In this scenario, 50% of your pay should go toward meeting your needs (rent, utilities, insurance, etc.), 30% should go toward what you want (entertainment, takeout meals, luxuries), and 20% should go toward your investments. To keep you on track, you can use a budget app that will track your spending and send you reminders and alerts to help you be honest with yourself. Assuming you make $4,000 per month, investing 20% is $600 per month. Assuming the average 12% interest in the S&P, that's around $5,523,058 after 40 years — and this is conservative since you'll likely get raises to increase your contributions. 5. Invest Now, Even a Little Bit Yes. No matter how much or how little money you're making right now, 20% of your income should go to investments. There is no better time to start than now because you cannot possibly have more expenses than you have income. It's your first job, after all. Make your investment contribution automatic. You can set this up with your employer or with your bank. Have the money go right into your brokerage account, and get started investing. The more you learn, the better you can get, and you'll set yourself up for financial security for life. In the beginning, your goal should be to save up three to six months of your monthly expenses and to make sure you're investing in your company's 401(k) program. At least invest as much as your company will match you. It's free money. 6. Track Your Expenses for the First 3 Months Not sure what the heck you're doing with your money? Track it. Use one of those budget apps to help you track your income and expenses for the first three months after you get your first paycheck. Tracking like this will give you a clear-eyed look at how you're managing your money. The more you know, the more adjustments you can make to do better. 7. Don't Inflate Your Lifestyle Now, just because you're making a little money doesn't mean it's time to go crazy. Far too many people increase their spending every time they get a pay increase. This puts you in that cycle of living paycheck to paycheck. You can always spend more money, but what most people don't do enough of is use their money to grow their wealth. And definitely don't use a credit card to 'improve' your living situation. You'll just end up paying way too much in interest and fees. 8. Review Your Pay Stub Finally, make sure you look at your pay stub every single paycheck. Look for: Errors in the number of hours you worked Correct tax withholding Your benefits deductions Humans make mistakes all the time. Learning how to read your pay stub gives you power over your financial situation from the moment you get paid. More From GOBankingRates 5 Ways Trump Signing the GENIUS Act Could Impact Retirees6 Popular SUVs That Aren't Worth the Cost -- and 6 Affordable Alternatives This article originally appeared on Got Your First Job? Here's What You Must Understand About Your First Paycheck Sign in to access your portfolio
Yahoo
3 minutes ago
- Yahoo
Is it a Great Time to Invest in Danaher Corp. (DHR)?
Parnassus Investments, an investment management firm that focuses on owning a concentrated portfolio of U.S. large cap stocks, released its Parnassus Value Equity Fund second-quarter 2025 investor letter. The full letter is available for download here. For the second quarter of 2025, the fund reported a net return of 7.24%, outperforming its benchmark, the Russell 1000 Value Index, which returned 3.79% for the same period. The fund's top 5 holdings are also listed in the letter, showing the firm's main investment positions heading into 2025. One of the companies mentioned in the letter is Danaher Corporation (NYSE:DHR). Danaher Corporation (NYSE:DHR) designs, manufactures, and markets professional, medical, research, and industrial products and services in the United States, China, and internationally. Over the past month, Danaher Corporation (NYSE:DHR) rose by 7.69%, and its shares lost -23.01% of their value over the last 12 months. On August 12, 2025, Danaher Corporation (NYSE:DHR) shares closed at $205.72, with a market capitalization of $147.3 billion. Here is what they have to say about Danaher Corporation (NYSE:DHR) in their investor letter: "Danaher Corporation's (NYSE:DHR) valuation is attractive, considering its scale advantages and deeply embedded products in biopharma workflows, which are difficult to replace without regulatory reapproval. Additionally, the company's market dominance positions it well to benefit from secular growth trends in biologics, genetic medicine and diagnostics. Although the industry faces near-term demand, policy and tariff challenges, we believe these factors have been largely reflected in the valuation." A healthcare professional in a lab coat holding a microscope and looking at a slide under the Danaher Corporation (NYSE:DHR) ranks 27th in our list of the 30 most popular stocks among hedge funds. According to our data, 117 hedge fund portfolios held positions in Danaher Corporation (NYSE:DHR) at the end of the first quarter of 2025, up from 101 in the previous quarter. DHR was able to beat earnings expectations as it reported an EPS of $1.8, beating expectations of $1.64. While we acknowledge the potential of DHR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. In another article, we covered Danaher Corporation (NYSE:DHR) and Jim Cramer's views on the company. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
