Mortgage demand falters as interest rates rise for the first time in a month

DFW housing and macroeconomic analyst Amy Nixon said the longer interest rates are cut, the longer interest rates will remain high and “money is being made.” Key Metrics Home purchase Applications fell to a three-month low as mortgage rates began to rise again. Mortgage Bankers Association (MBA) Home loan application New data released Wednesday showed […]
President of UN’s top court has long history of anti-Israel bias: ‘Conflict of interest’

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U.S. Spending On Interest Tops National Defense, Medicare

Congress has spent more money on interest so far this year than it has spent on both national defense and Medicare. Spending on net interest hit $514 billion in the first seven months of fiscal year 2024. That’s more than spending on both national defense ($498 billion) and Medicare ($465 billion). Medicare is the federal […]
Oil Prices Set for Another Weekly Loss as Traders Focus on U.S. Interest Rates – OilPrice.com

Oil prices are on a downward trend again this week, with Brent crude expected to fall by around 3% over the weekend. Reutersand West Texas Intermediate are set to fall about 4% unless there is a last-minute reversal by the end of the day today. Crude oil prices are trading at their lowest levels in […]
Private student loan interest rates continue to fall for 5-year loans
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Stefanik demands Trump’s hush money trial judge recuse over conflict of interest

House GOP Conference Chairwoman Elise Stefanik (R-NY) is demanding the judge overseeing former President Donald Trump’s criminal trial in New York to recuse himself from the case over allegations his daughter is using the indictment for financial gain. In an ethics complaint submitted to the New York State Commission on Judicial Conduct on Tuesday, Stefanik […]
Meme Stocks GameStop, AMC Fade In Interest After Roaring Kitty Exit: Here's What WallStreetBets Is Eyeing Next – AMC Enter Hldgs (NYSE:AMC), GameStop (NYSE:GME) – Benzinga

Meme stocks rise GameStop Co., Ltd. GME and AMC Entertainment Holdings AMC After his comeback and recent breakup with Roaring Kitty on social media, it looks like this run won’t last long. what happened: Even if you take a quick look at Reddit’s WallStreetBets forum, it will take you a while to find posts talking […]
DC police officer shot driving to work; 2 persons of interest detained in Maryland

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‘It’s a very clear conflict of interest’

Rep. Jamie Raskin (D-Md.) said the upside-down flag, which briefly flew at the home of Supreme Court Justice Samuel Alito, presented a “very clear conflict of interest.” Raskin told MSNBC’s Jonathan Capehart. during the interview Justice Alito’s response Saturday to the New York Times’ coverage of the incident said the justice understood that turning the […]
US Government Interest Payments v. Tax Receipts, Average Interest on Treasury Debt, & Debt to GDP

Spiking Interest payments will hopefully, knock on wood, force the drunken sailors in Washington to go through detox. The gigantic US government debt is now approaching $33 trillion, amid a tsunami of issuance of Treasury securities to fund the mind-blowing government deficits and roll over maturing securities. At the same time, the Fed has hiked its […]