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Mortgage rates sail past 7% as market moves into critical spring homebuying season

Mortgage rates rose to new highs this week, but buyers are adjusting. (iStock) Mortgage interest rates have climbed above 7%, which is likely to dampen the appetite for home buyers during the market’s key spring home buying season, Freddie Mac said. The average interest rate on a 30-year fixed-rate mortgage was 7.10% for the week […]

Josh Hawley Moves to End FBI ‘Power Grab’ in Spy Powers Bill

Sen. Josh Hawley (R-Missouri) said Thursday he has introduced an amendment to end the FBI’s “power grab” in the spy powers bill aimed at curbing government surveillance abuses. . holy I have written“Everyone should know about the Turner Amendment.” This part of the House bill would give the FBI the power to pressure even more […]

Oil Moves Down on Crude Inventory Build – OilPrice.com

Oil prices fell today following the Energy Information Administration’s announcement. report Inventories increased by 2.7 million barrels in the week ending April 12. That compares with the previous week’s hefty 5.8 million barrels of production and an estimated 4 million barrels of production for the week ending April 12, reported by the American Petroleum Institute […]

Stocks making the biggest moves midday: GL, JPM, ZTS, WFC – CNBC

Check out the companies that are trending in intraday trading. JPMorgan — Announces that net interest income levels may be lower than Wall Street analysts expected in 2024, despite beating both top and bottom line estimates last quarter After that, the bank fell 5%. CEO Jamie Dimon also highlighted the dangers of inflationary pressures. Wells […]

Biden Backs FISA Bill as Speaker Mike Johnson Moves Again to Renew Spy Powers Authority

President Joe Biden on Friday backed a bill that House Speaker Mike Johnson (R-Louisiana) wants to pass that would reauthorize the controversial surveillance bill. President Joe Biden’s administration is HR 7888, the Information Reform and Protection of America Act (RISAA), a bill that reauthorizes Section 702 of the Communications Decency Act. Section 702 is a […]