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US Holds Interest Rates At 23-Year High, To Make Cuts Later This Year

All three major Wall Street indexes closed at new records. The US Federal Reserve (Fed) decided on Wednesday to keep interest rates on hold for the fifth consecutive meeting at a 23-year high, while signaling that it expects to cut interest rates three times this year. U.S. markets rose on the news, with traders celebrating […]

Major US labor strikes hit 23-year high in 2023

Former U.S. Secretary of Labor Eugene Scalia talks about the interim agreement between actors and the UAW strike, and the impact of the union vote on “Kabuto: Coast to Coast.” If it looks like unions in the United States went on strike more in 2023 than in previous years, that’s because they did. The Department […]

Mortgage rates hit 23-year high: Freddie Mac

High mortgage rates and home prices continue to deter homebuyers. (iStock) The average interest rate on a 30-year fixed-rate mortgage rose to 7.31% this week, the highest level since 2000. According to the latest data Written by Freddie Mac. This is an increase from last week’s average of 7.19%. Additionally, the average interest rate on […]

Home borrowing costs hit 23-year high 

The average borrowing rate for a 30-year mortgage rose above 7.31% this week, pushing mortgage rates to their highest since 2000, according to Mortgage Buyers. Freddie Mac said Thursday:. The new figure was a slight increase from last week’s 7.19%. A year ago, it was 6.70%. Interest rates continue to rise, in part due to […]

Mortgage rates climb further, near 23-year high

Ameribet Securities’ U.S. head evaluates Gregory Faranello on the Fed’s interest rate pause, market outlook and the UAW strike. The average interest rate on a benchmark 30-year fixed mortgage rose again this week, hitting its highest level in about 23 years. The average interest rate on a 30-year fixed bond rose to 7.31% from 7.19% […]

Mortgage demand slumps as rates surge to 23-year high

FOX Business Correspondent Madison Alworth explains how high mortgage rates and “Barney & Co.” home prices are delaying the American dream for many first-time homebuyers. A key indicator of home purchase applications fell again last week as consumer demand sharply cooled due to the recent rise in mortgage rates. Mortgage Bankers Association Index Applying for […]

Tom Brady Files NFL Retirement Papers To Officially Cap Off His 23-Year Career

Tom Brady has officially said goodbye to the sport of football. Brady filed a letter with the NFL and NFLPA on Friday, February 1 The announcement of his retirement, according to NFL insider Adam Schefter. Tom Brady officially submitted a letter to the NFL and NFLPA today, reaffirming his February 1st retirement, according to sources. […]