Cash-value insurance can cost 10 times as much as term insurance, most young families will find they need to buy term in order to get enough coverage. Liability coverage:-If your homeowners and auto policies don't provide enough protection, you may need to buy a personal or "umbrella" liability policy.

The average interest rate on a 30-year, fixed-rate mortgage dipped to 5.84 % for this week, down from 5.86 % last week, Freddie Mac reported Thursday in its latest nationwide survey of rates. The new rate is the lowest since Freddie Mac began tracking 15-year mortgages in 1991.

On Friday, ICICI Bank, the country?s second-biggest bank, raised its prime lending rates by half a percentage point, which will raise the price of retail home loans by a like amount. The rate hike by ICICI Bank comes just day after the central bank increased benchmark rates by 25 basis points.