Mortgage rates unlikely to fall significantly, even if the Fed cuts interest rates
Ally McCartney, managing director at UBS Private Wealth Management, explains on “Making Money” how the Fed’s message could affect markets. of Federal Reserve The Fed laid out the rationale for a September interest rate cut at the end of its two-day meeting on Wednesday, but the long-awaited cut may provide little relief to Americans struggling […]
Mortgage rates fall slightly | Fox Business
Meredith Whitney, founder and CEO of Meredith Whitney Advisory Group, said the Claman Countdown has seen home prices rise by more than 30%. Mortgage rates fell slightly this week to hit their lowest levels in months, although they remain unnervingly high for many would-be buyers. Freddie Mac’s latest primary mortgage market survey released Thursday showed […]
Election 2024, Trump, Vance, Harris, economy, manufacturers
Jay Timmons, president and CEO of the National Association of Manufacturers, talks about what he wants from the next administration to ensure the industry continues to grow and maintain its global dominance. Regardless of who occupies the White House in November, the blueprint for keeping American manufacturing thriving is fairly simple, thanks to the 2017 […]
Housing inventory just hit a post-pandemic high, and these cities saw the biggest boosts
Orlando-area real estate agent and TikTok creator Freddie Smith talks Florida’s expensive market and his best advice for achieving homeownership. The U.S. housing market has been plagued by a severe inventory shortage for years, which has driven up prices and exacerbated the homebuying crisis. But new data shows that more homes are currently for sale […]
Fed holds interest rates steady at 23-year high, but opens the door to reducing rates
Jerome Powell spoke after the Fed announced its interest rate decision. of Federal Reserve The Fed on Wednesday kept interest rates unchanged at their highest levels in more than two decades but signaled that recent developments in inflation mean it may soon lower borrowing costs. The widely expected decision will leave interest rates in the […]
Private companies added just122,000 jobs in July, less than expected
Olu Omodunbi, chief economist at Huntington Private Bank, said on “The Craman Countdown” that the jobs report points to a slowdown in the labor market. U.S. companies started hiring more slowly than expected in July, according to the ADP national employment report released Wednesday morning, signaling that the labor market continues to cool on the […]
See where inflation is highest and lowest in the US
On “Varney & Co.”, Kevin O’Leary, chairman of O’Leary Ventures, responded to the Biden administration’s latest assertion that corporations are the cause of runaway inflation. Americans face widely differing inflation rates depending on where they live in the country, with the Northeast being a hotbed of stubborn price increases. The Labor Ministry said in early […]
Russia will use cryptocurrency to handle backlogged payments to allies amid Western sanctions: reports
Fox News Senior Strategic Analyst General Jack Keane discusses the US intercepting Russian and Chinese aircraft, reports that Ukraine is asking China to help end the war, and France’s rail network coming under arson attack. Russia may turn to cryptocurrencies as the latest way to circumvent tough international sanctions that are battering its economy as […]
Home prices rise again in May to a new record
Housing prices New record Ongoing in May Housing shortageThis is despite the fact that soaring mortgage rates continue to put homebuying out of reach for millions of Americans. The S&P CoreLogic Case-Shiller index showed Tuesday that national inflation rose 5.9% year-over-year in May, down from 6.4% the previous month. On a monthly basis, prices rose […]
Credit counselors see surge in clients in 2024, with these states hardest-hit
In “Making Money,” Piper Sandler Chief Global Strategist Nancy Lazard explains how hardworking Americans are faring amid record inflation. Credit counselors have reported a significant increase in demand for financial counseling services so far this year and warned that the trend indicates increasing financial distress among U.S. consumers. Money Management International (MMI), a credit counseling […]