Mortgage rates dip lower on positive inflation news, hold at near 7%: Freddie Mac
Buyers in the market saw borrowing costs fall slightly this week. (iStock) Mortgage rates rose above 7% again this week, but Freddie Mac said April’s inflation numbers were a promising step toward relief. The average interest rate on a 30-year fixed-rate mortgage for the week ending May 16 was 7.02%, according to Freddie Mac’s latest […]
Homeowners insurance costs rising amid mounting weather-related losses, inflation: report
Condominium Global host and FOX News real estate contributor Katrina Campins weighs in on February housing statistics and NAR’s proposed new commission rules. A new Moody’s report says homeowners are struggling with higher premiums as companies that offer homeowners insurance seek to mitigate rising losses from weather-related incidents and inflation that are hurting profits. They […]
Car insurance rates surge again, keeping inflation elevated
According to Insurify, Nevada has the second-highest auto insurance rates in the country. Rising auto insurance premiums are driving inflation and continuing to put financial pressure on millions of Americans across the country. The Labor Department announced on Wednesday that consumer prices for April rose 0.3% month-on-month, slightly lower than expected, and rose 3.4% compared […]
EXCLUSIVE: Conservative Group Circulates Memo To Congress Outlining Biden’s ‘Crushing’ Inflation
Former Vice President Mike Pence’s advocacy group Advancing American Freedom (AAF) is sending out a memo to all congressional offices on Wednesday detailing the high inflation under President Joe Biden’s administration, the Daily Caller News Foundation first learned. The Consumer Price Index (CPI) increased 3.4% in April on a yearly basis, as well as 0.3% […]
WH press sec’y Karine Jean-Pierre fudges on Biden’s inflation lie, NY Times calls GOP the real antisemites and more
A diary of disturbing disinformation and dangerous delusions This excuse: “The point is, [Biden] The factors that caused inflation [were] When he is in place. . . took office. ” — WH Press Secretary Karine Jean-Pierre, Wednesday we say: Oh, sure, we all accidentally (twice a week!) say that the inflation rate was 9% when […]
April inflation eases slightly, but 2% target still out of reach
Lower food prices offset higher energy costs in April. (iStock) Statistics show consumer prices rose more slowly than expected in April, but remained above last year’s levels. consumer price index (CPI) Published by the Bureau of Labor Statistics (BLS). On an annualized basis, prices rose 3.4% in April, slowing slightly from the previous month’s 3.5% […]
Dow Jones Industrial Average passes 40,000 as Wall Street cheers slowing inflation
On Thursday, the Dow Jones Industrial Average topped 40,000 points for the first time in history as Wall Street cheered the prospect of slower inflation and lower interest rates. The iconic stock index rose about 111 points to about 40,020 points just before 11 a.m. Thursday. The Dow was founded in 1895 and includes the […]
White House Tries to Justify Biden’s Lies on Inflation
Claim: Biden’s false claims about inflation are actually just claiming that the causes of inflation were already in place by the time President Joe Biden took office. Verdict: False and misleading. White House press secretary Karine Jean-Pierre said Wednesday that President Joe Biden’s false claim that inflation was 9% when he took office was not […]
Despite Biden’s lies, voters know inflation still hurts
President Joe Biden bragged at the start of the year that inflation was coming down and it was lower than “any other major economy at the time.” While the first point was true — inflation was falling — it is no longer so, and the Federal Reserve’s battle to control price rises has backslid since. […]
Inflation Drops to 8.8%, Reaching Single Digits for First Time in 6 Months
Argentina National Institute of Statistics and Census (INDEC) announced Argentina’s inflation rate continued its downward trend in April, it said on Tuesday, reaching 8.8% for the month, the first time in six months it had fallen to single digits. The continued decline in inflation follows the implementation of President Javier Millay’s “shock therapy” economic measures, […]