Mortgage rates decrease to 6.77%
US Real Estate Market Set for Changes Experts in the real estate industry believe significant changes are on the horizon for the US housing market in the coming months. According to mortgage buyer Freddie Mac, mortgage interest rates have dropped to their lowest levels in four weeks as of Thursday. Their latest primary mortgage market […]
Home Sales Drop in May as Rising Interest Rates Impact Affordability
US New Home Sales Drop Significantly in May In May, sales of newly constructed homes in the U.S. saw a sharp decline, continuing a trend influenced by high mortgage rates. This situation has left potential buyers feeling uncertain, especially those searching for affordable options and side jobs. According to the Commerce Department, new single-family home […]
Trump calls Fed Chair Powell ‘low IQ’ and claims interest rates are excessively high.
Trump Criticizes Fed Chairman Powell Ahead of Rate Decision President Donald Trump has once again voiced his disapproval of Federal Reserve Chairman Jerome Powell. This remark came while Powell was testifying before a Senate committee. During a press conference at the NAGO Summit in The Hague, Trump didn’t hold back, saying, “I think he’s terrible.” […]
Home sales drop more than anticipated as high mortgage rates reduce demand
In May, the sale of new homes in the U.S. dropped more than analysts had anticipated, largely due to rising mortgage rates and an influx of unsold properties on the market. According to the Commerce Department’s Census Bureau, new home sales fell by 13.7%, adjusting the annual rate to 623,000 units. This is a significant […]
Gold prices in India: Rates on June 25
Gold Prices Remain Steady in India Data from FXStreet shows that there wasn’t much change in gold prices in India on Wednesday. The price per gram of gold stood at INR 9,194.51, remaining relatively stable compared to Tuesday’s price of INR 9,185.40. For TOLA, gold was priced at INR 107,242.90, similarly steady from the previous […]
Powell Counters Trump, States Tariff Uncertainty Calls for Keeping Rates Unchanged
Fed Chair Powell Addresses Interest Rates and Tariffs During a hearing before Congress on Tuesday, Federal Reserve Chairman Jerome Powell made it clear that the central bank isn’t in a position to reduce interest rates just yet. He pointed to ongoing uncertainty about the impact of new tariffs on consumer prices and emphasized that the […]
Average 401(k) savings rates have reached all-time highs. Here’s how they stack up against common benchmarks.
Many retirement plans are maintaining high savings rates, particularly for 401(k) accounts, by simplifying the enrollment and contribution processes for workers. In 2024, the average savings rate for both employee contributions and company matches is projected to be about 12%, as indicated in Vanguard’s recent analysis of over 1,400 retirement plans involving nearly 5 million […]
Powell states that the Fed is not hurried to lower rates while Trump criticizes the central bank leader.
Federal Reserve’s Interest Rate Strategy Federal Reserve Chair Jerome Powell will inform lawmakers on Tuesday that the central bank isn’t rushing to reduce interest rates. He emphasizes the need for careful consideration regarding the economic effects of the latest tariffs imposed by President Donald Trump. This cautious stance has drawn sharp criticism from Trump, especially […]
Abortion rates increased in 2024 even with state restrictions, according to a report.
Abortion Access Update Post-Roe Overturn A recent report has indicated that the number of women accessing abortion care continues to rise, despite state bans, since the Supreme Court’s decision in Dobbs that overturned Roe v. Wade. This increase is particularly evident in 2024, with around 1.14 million abortions performed by licensed clinicians across the U.S., […]
May home sales slow down as elevated mortgage rates keep buyers at bay
US Home Sales Show Unexpected Increase Amid High Mortgage Rates In May, existing home sales in the United States rose unexpectedly, but the overall trend continues to be relatively weak, largely due to elevated mortgage rates. The National Association of Realtors (NAR) reported on Monday that home sales climbed by 0.8% last month, reaching a […]