Greg McBride, CFA
@BankrateGreg
Followers
3,986
Following
606
Media
292
Statuses
8,410
Greg McBride, CFA is a Senior Vice President and the Chief Analyst at @Bankrate .
Palm Beach Gardens, FL
Joined April 2010
Don't wanna be here?
Send us removal request.
Explore trending content on Musk Viewer
Senate
• 252437 Tweets
HAPPY TRACKLIST
• 251977 Tweets
Rosé
• 247778 Tweets
Hobi
• 243260 Tweets
Trudeau
• 225793 Tweets
Tuchel
• 165551 Tweets
Mutuse
• 155849 Tweets
Jimmy Carter
• 113166 Tweets
Polymarket
• 69648 Tweets
WELCOME BACK J-HOPE
• 66323 Tweets
Bruno Mars
• 62609 Tweets
JUNG HOSEOK IS BACK
• 61468 Tweets
Tyler
• 58224 Tweets
Genaro García Luna
• 53082 Tweets
STRAY KIDS COME TO PLAY
• 50592 Tweets
Elisha Ongoya
• 50378 Tweets
Pina
• 29353 Tweets
Venmo
• 28422 Tweets
Jalisco
• 27554 Tweets
Cynthia
• 26264 Tweets
Lina
• 26161 Tweets
Hannah
• 21802 Tweets
Meech
• 20808 Tweets
Brock
• 20769 Tweets
Kemal Kılıçdaroğlu
• 14881 Tweets
Ndegwa Njiru
• 12653 Tweets
Paul Pogba
• 11252 Tweets
A1. Higher medical costs due to Covid might necessitate switching to a higher cost plan with broader coverage. Your health and dependent care FSA needs may also have changed, so don’t overlook those.
#ReutersBenefits
13
56
143
The vote wasn't unanimous. Neel Kashkari voted to keep rates steady.
0
14
42
A9. Pull copies of credit report from each of 3 major bureaus. Consider credit monitoring and/or credit freeze.
#creditcrew
0
36
31
Let's applaud those making prudent financial choices!
Survey: Americans Skipping Out On Fun Because Of Cost | Bankrate
62
7
32
The medicine has been administered, now we wait to see if it works. That is essentially the message the Fed is sending when saying they’ll continue to monitor developments as they assess ‘the appropriate path’ of interest rates.
2
9
23
@AdamSchefter
What if the 49ers are smokescreening everyone & they traded up to
#3
to get Kyle Pitts? George Kittle & Kyle Pitts on the field at the same time!? Defensive nightmare. Instantly makes Garoppolo more effective too.
5
0
20
A2 cont’d. Don’t wait til next yr’s tax season to start thinking about your 2017 tax bill. Use 2016 as baseline & think ahead.
#BTSTaxChat
9
10
14
@BarackObama
@OFA
But men get charged more for auto insurance just for being men. Someone gonna fix that retroactive to my teen years?
1
1
11
Today's
@Bankrate
survey has the average 30-yr fixed mortgage rate at 4.73%. This has been the largest and fastest run-up in mortgage rates in 28 years. Last was in 1994, when the Fed surprised the market with large and unexpected rate hikes, hammering the bond market.
2
7
12
0
1
12
"Your call may be recorded for training purposes." Why do I get the feeling that they never actually do any training?
1
2
11
The surge in mortgage rates, from 3% last August to 5.78% now, represents the biggest run-up in records dating back to the mid-80s, even eclipsing the previous "record" in 1987. The increase just since the first of the year would be the 3rd biggest, but the fastest of the 3
0
8
12
Score one for the ‘inflation is transitory’ camp, w/used car prices up just 0.2%, airfares dipping 0.1%, auto insurance falling 2.8% & car/truck rental prices plunging 4.6% since last month.
1
2
7
@LaMonicaBuzz
Cutting rates at this point is symbolic more than anything. The liquidity measures are what is needed. Without proper functioning of markets and access to credit, problems go from bad to worse in a hurry. That being said, Fed still on the road to 0% - and soon.
1
2
9
Any hopes that the Fed can ease up on the pace of rate hikes after the June and July meetings now seems to be a longshot. Inflation continues to rear its ugly head and hopes for improvement have been dashed again
0
5
9
Investors should maintain a long-term perspective that extends
longer than one election cycle or economic cycle. Patient investors will be
rewarded in the long run.
1
3
8
Interest rate hikes produce turbulence for stock market but do result in better returns for savers & investors looking for safe haven. For the 1st time in a decade, top-yielding online savings accounts & money markets are ahead of inflation – this rate hike helps keep it that way
0
8
8
Jobs growth comes in at uninspiring 98K in March, both Jan & Feb revised lower to 216K and 219K respectively. Unemp rate falls to 4.5%
0
6
9
Fed statement was largely a ‘copy and paste’ from January, reflecting the fact that after 2 disappointing months of inflation data, the Fed is no closer to having the necessary conviction that inflation is on a consistent journey to 2 percent
0
3
9
10-yr Treasury yield hits highest level since July 2011. Rising mortgage rates are further squeezing affordability for would-be homebuyers that are already frustrated by limited inventory of available homes and the higher home prices that have resulted
0
5
8
@Ron_White
Awesome show last night!! Laughed so hard my stomach hurt. Congrats 2 you &
@MargoRey
on another great performance. Thanks Tater
1
3
7
Can we not refer to the 1.8 million jobs as "added" or "created?" How about "recovered?"
2
2
8
@AllyBank
A6. Savings isn’t a faucet you turn on and off. It’s a habit and it has to be part of your regular routine
#AllyBRchat
8
5
8
When the annual rate of inflation begins with a 7, there is immense pressure on the Fed to get it under control, supply chain issues notwithstanding. Both interest rate hikes & shrinking their balance sheet are in the cards, and are likely to begin as soon as March
1
2
7
Congrats to my friend
@JeanChatzky
on the release of her new book Women With Money: The Judgment-Free Guide To Creating The Joyful, Less-Stressed, Purposeful (And, Yes, Rich) Life You Deserve!! Put your money worries to rest, permanently, by reading it.
#WomenWithMoney
1
3
8
I was very pleased to join my friend
@FARNOOSH
on her So Money podcast to have a timely discussion about what is happening w/ the economy & stock market, and how individuals should think about their savings & investments in these uncertain times.
0
1
8
All the talk will be about Dow 25,000 but the S&P 500 set another record today, after quietly cruising through 2700 yesterday. I guess 2700 just doesn't have the same ring to it that 25,000 does.
0
1
8
Latest
@Bankrate
survey shows avg 30-yr fixed mortgage rate at 3.21%, highest in nearly 6 months (since week of 4-21-21)
0
2
7
Homebuying activity will pick up as unemployment is low & wages rising; more borrowers will look to VA Loans.
#VeteransUnitedChat
0
4
7
@byHeatherLong
Sorry to hear about this but so glad you are better now and home with your new daughter. Congratulations on your beautiful baby!
0
0
10
A4. Make sure beneficiary forms are current, as out-of-date form overrides a will.
#ReutersWealth
0
3
7
The $42 billion question: Why aren’t Americans ditching big banks for high-yield savings accounts? via
@WSJ
5
2
7
Dow Jones Industrial Average just moved above 29,000 for the first time. What does it mean? Not a whole lot. More significant is that the S&P 500 is at a record of 3282 - but that doesn't have the same ring to it.
1
3
7
30-yr fixed mortgage rates have been below 4% since July 2019. Other than an 8-week span in fall 2018, mortgage rates have been below 5% since April 2011.
Last time at/above 6% - Nov 2008
Last time at/above 7% - April 2002
Last time at/above 8% - Aug 2000
@Bankrate
0
4
7
.
@Bankrate
Neither Dow 20K nor the Queen being 90 are anything more than round numbers. And neither carries any real significance.
0
6
6
Survey: Consumers Stick With Same Checking Account For 17 Years | Bankrate
2
1
6
A week to remember (or forget) in bonds. Look at the change in Treasury yields over the past week:
10yr +51bp
5yr +62bp
2yr +70bp
1
4
6
Latest
@Bankrate
survey has average credit card rate at 18.38%, the highest since October 1992 - a 30-year high! A reminder for those w/credit card debt, there are balance transfer offers of 0% for as long as 21 months
0
4
6
A9. Be tax smart by contributing to 401k, FSAs, HSAs, & pair cap gains/losses to minimize liability at tax time.
#BTSTaxChat
0
5
6
Nothing helps you sleep better at night than knowing you have some money saved for the inevitable rainy day
#NCUACHAT
2
3
6
Citi Removes Overdraft, Returned Item Fees on Retail Banking Accounts -
0
1
6
Mortgage rates hit highest level since March 2020 in latest
@Bankrate
survey. Avg 30-yr fixed mortgage rate now 3.75%. Plenty of lower rates available so shop around!
1
4
5
Mortgage rates fall to lowest since Nov 2016 in latest
@Bankrate
survey. Average 30-year fixed mortgage rate now 3.70%.
0
6
6
Latest
@Bankrate
survey has average 30-yr fixed mortgage rate jumping to 4.14%, highest since May 2019
0
5
6
Looks like Janet Yellen is going to become the Joe Girardi or Dusty Baker of central banking - did a good job but not enough to be retained
0
3
6
What personal finance issue generates the most arguments? See my take at WSJ Experts blog
1
8
6
Millennials love socially responsible investing. Here’s how to do it
2
8
6
Latest
@Bankrate
survey: avg 30-yr fixed mortgage rate jumps to 18-month high of 3.40%. That sound you just heard was the refi window closing
2
7
6
Oh let the hysteria about Dow 20K begin. By the way, the S&P 500 and Nasdaq both closed at record highs yesterday & people barely noticed.
1
4
6
A10. Telling executor where these documents are is very important convo, & can save lots of time and money in difficult time
#ReutersWealth
0
5
6
Great piece by
@rwohlner
breaking down the advantages & disadvantages
Retirement Annuities: Pros And Cons Of Annuity Income Investing
1
1
6
Latest
@Bankrate
survey shows average 5-yr new car loan rate dropped below 4% for the first time ever, to 3.95%.
0
1
6
A1. And let's not forget - not all debt is bad. Mortgage debt for example: low cost, often tax deductible, appreciating asset
#creditmatters
1
7
6
List Of Banks Offering Help To Customers Impacted By The Coronavirus | Bankrate
0
5
6
Who would’ve thought Eli Manning would have the best commercial of the night?
1
2
6
A10. Your score is helped by well-rounded mix of credit, both revolving (credit cards) & installment (auto loans & mortgages).
#creditcrew
1
4
6
@AllyBank
A1. Strong passwords are really important. Use letters for
#s
and
#s
for letters. Easy to remember, hard to guess!
#AllyBRchat
7
4
5
Latest
@Bankrate
survey shows the average credit card rate now 19.95%, resetting a record high. Another Fed hike today will push cardholders' rates up 0.25% in the next 1-2 statement cycles.
0
3
6
Fed rate cuts making their way into credit cards. Latest
@Bankrate
survey shows average credit card rate fell below 17% for the first time since May 2018, now 16.89%. Credit card rates often lag the Fed cuts, so we'll see further declines in the weeks ahead.
0
4
6
A1. Do they make ur life easier, are u avoiding fees, & is this the best deal you can find?
#GBRBestBanks
0
0
5
A3. Make sure whatever credit you start with reports to credit bureaus. If not, you could be spinning your wheels.
@Bankrate
#creditmatters
1
6
4
S&P 500 rockets to record close ~4019 to start Q2, first time closing above 4000. Reminder the stock market is closed tomorrow and bond market closes at noon ET.
0
2
5
A4 cont’d. Paying down 16% credit card debt is a risk-free return of 16% . You can’t beat that!
#BTSTaxChat
0
1
5
Today’s rate hike means borrowing gets costlier, esp for credit cards, HELOCs, & borrowers w/adjustable mortgages. Aggressively pay down debt, refinance into fixed rates, & grab 0% credit card offers to insulate against add'l rate hikes & to accelerate debt repayment
0
6
4
No rate hike today, but borrowers should operate under the assumption that rates will rise further as yr progresses. Pay down debt, refinance into fixed rates, & grab 0% balance transfer offers to insulate yourself from further rate hikes & to accelerate debt repayment
0
4
5
S&P 500 within a whisker of re-entering correction territory & eclipsing Feb 8 closing low. W/accelerated losses into today's close, we prob haven't bottomed out yet.
0
2
5
This is how far the job market has come in the past year - the total number of unemployment claims in all programs as of October 30 was 3.18 million. One year prior, it was 20.8 million
0
2
5
Was listening to a sports talk show and someone called in to ask the host about GameStop. Seriously?
0
0
5
S&P 500 closes at another record high, but 2298 doesn't have the same ring to it as 20,000 so Dow will get all the attention.
0
2
5
Market already clawing its way back, S&P now down less than 2%
1
2
4
I'm frequently asked which to do 1st - pay down debt or save 4 retirement. Its not an either/or proposition. You can, & should, do both simultaneously. Automate retirement svgs thru payroll deduction or automatic transfers from bank acct, then focus remaining cash on debt repmt
0
1
5
Nice to see the 10-year yield continuing to pull back. Currently at 1.59%, a level we haven't seen in over a month. Latest
@Bankrate
survey has avg 30-yr fixed at 3.27%, lowest since March 10.
0
3
5
The housing affordability crisis doesn’t exist in much of the country — so why aren’t Americans moving?
1
1
5
New
@Bankrate
survey out today: 29% of Americans have no emergency savings, a 5-year high. Just 22% have enough to cover 6mo exp, a 5yr low
0
11
5
Fed Chair Powell dismisses housing affordability concerns, noting they're still more affordable "than prior to the financial crisis." Uhh, sorry sir, but that's not the appropriate point of comparison.
0
0
5
A3. Don’t spend. Save it instead! Only 28% of Americans have an adequate emergency savings fund.
#BTSTaxChat
3
2
5
Mortgage rates could drop below 3% by 2021, Fannie Mae says
0
3
5
A2. Don’t be penny-wise and pound foolish by evaluating plans just based on your payroll deduction cost or co-pays. Consider making a spreadsheet & contingency planning a few scenarios to get a complete picture of your needs.
#ReutersBenefits
0
2
5
Latest
@Bankrate
survey has average 30-year fixed mortgage above 6% for the first time since Nov 2008, now 6.02%. It was 3.27% at the beginning of this year, with the rise in mortgage rates having the same impact on 1st-time buyer affordability as a 27% increase in home price.
0
9
5
With Mortgage Rates At Record Low, Some Refi Deals Carry Hefty Costs | Bankrate
0
3
5
Amid the chaos, thoughtful, level-headed advice from my colleague
@JimRoyalPhD
Bitcoin And Crypto Prices Are Crashing; What Should Investors Do? | Bankrate
1
2
5
@veteransunited
@cjbirk
It was great! Thanks for all the questions everybody, and thanks to
@cjbirk
and
@veteransunited
for having me.
1
2
5
Mortgage rates will tumble today, might hit new record low following Brexit vote. If you're a borrower, don't wait to lock. Won't last long
1
10
4
@ChristineRomans
Congratulations on your great years on CNN and best of luck on the next chapter! Thank you for all of our great interactions over the years and hope there are more to come. Enjoy sleeping in!
0
0
4
Today’s rate cut unwinds the last of the 9 rate hikes the Fed made between 2015 -2018. Not only is a quarter-point move largely inconsequential to household budgets, but credit card and home equity rates are still notably higher than they were two or three years ago
0
4
5
The latest
@Bankrate
survey finds the highest average credit card rate on record, 19.04%. Bankrate has been surveying credit card rates since 1985, and this eclipses the previous all-time high of 19.00% from July 1991.
0
5
5