Shelter Six:  Free Credit Report Freeze Coming This Fall

June 11, 2018 by · Leave a Comment 

1. Thanks to recent legislation, this September Americans will be able to freeze their credit at all three credit bureaus free of charge.

2. This will be a great way to protect personal information from credit fraud and identity theft thanks to the Economic Growth, Regulatory Relief & Consumer Protection Act signed in May.

3. A credit freeze means no one can access credit to fraudulently open a new account in your name.  The charge has typically been $3-5 per credit bureau per person.

4. Since record keeping began in 2000, April is the first month ever where the number of job openings exceeded the number of job seekers.

5. The “JOLTS” report measures job openings and labor turnover rates, and the Fed closely monitors this data.

6. In April, job openings unexpectedly jumped to 6.7 million, a record high level, and there were just 6.3 million unemployed people in the labor force that month.

Rate Update

Mortgage rates moved up last week as a result of strong economic reports.

This Week

The next U.S. Fed meeting will take place on Wednesday, and investors widely expect a .25% drop in short-term rates.  The Consumer Price Index (CPI) will also be released on Tuesday and Retail Sales on Thursday.