Mortgage rates today Freddie Mac
Real estate investor Grant Cardon appeared on Fox & Friends to argue that now is the worst time in life to buy a house. Mortgage rates rose above the 7% threshold in the last report but fell to just below 7% this week. Interest rates remain high and are weighing on the housing market. Freddie […]
Fed Hasn’t Seen Enough Weakness to Cut Rates
John Carney, economics editor at Breitbart News, said on Fox Business Network’s “Kudlow” show on Tuesday that a few months of economic weakness won’t be enough for the Federal Reserve to cut interest rates. “John Carney, it looks like we’re starting to see an economic downturn. What are your thoughts on that?” host Larry Kudlow […]
Consumers discouraged by high interest rates and deteriorating financial health: study
More consumers are considered financially unsound than last year. (iStock) Inflation and the pandemic have driven up interest rates and lowered consumer satisfaction, with roughly 73% of consumers with loans classified as financially unhealthy. J.D. Power Consumer Lending Satisfaction Survey found. Last year, 67% of consumers fell into a similar category, indicating that times remain […]
Cancer rates among under-50s in UK have risen 24% since 1995, figures show | Cancer
The number of people under 50 being diagnosed with cancer in the UK has risen by 24% in the past 20 years – faster than any other age group – and experts say the rise is likely linked to rising obesity rates, cheap junk food and lack of exercise. Data analysis showed that early-onset rates […]
Truckers sue New York over congestion toll pricing: ‘Charged far higher rates than passenger vehicles’
The New York Trucking Association Litigation The New York City Transportation Authority filed a lawsuit against the agency on Thursday over its plan to impose congestion fees on Manhattan commuters. TANY argues that the Met’s pricing system “unfairly targets” truck drivers. “The lawsuit filed this morning in the Southern District of New York alleges that […]
Mortgage rates tick up as Fed signals delay on interest rate cuts: Freddie Mac
Home buyers saw borrowing costs rise again last week. (iStock) After weeks of declines, mortgage rates reversed course this week, rising back above 7%, according to Freddie Mac. According to Freddie Mac’s latest report, the average 30-year fixed-rate mortgage for the week ending May 30 was 7.03%. Primary mortgage market researchThat’s up from an average […]
Fed’s Raphael Bostic: Central bank won’t wait until inflation falls to 2% to cut rates
Federal Reserve Bank of Atlanta President Raphael Bostic talks about year-over-year inflation rates on “The Craman Countdown.” Atlanta Federal Reserve Fed Governor Raphael Bostic told FOX Business’ Liz Claman on Thursday that the central bank is unlikely to cut interest rates in July amid signs that inflation is slowing. Asked whether there was a scenario […]
US home insurance rates up almost 38% since 2019: Report
The story at a glance American homeowners are paying about 38% more for insurance than they did in 2019. Insurance premiums for people living in Arizona, Illinois and Nebraska have risen by more than 55% since 2019. Nationwide, home insurance rates have already risen 5.8% since January, with the biggest increase in Nebraska, where homeowners […]
Higher interest rates could cost US companies $380B in ‘slowly unfolding crisis’
Main Street Asset Management Chief Investment Officer Erin Gibbs and QI Research CEO Danielle DiMatino Booth join “Making Money” to discuss whether the Fed will raise interest rates this year. Companies across the U.S. are heading toward a new era of refinancing cliffs, with billions of dollars in potential losses. High Interest RatesThis is causing […]
High Rates Here to Stay – Sorry, Biden!
Fed steps up resolve in fight against inflation With each passing day, No interest rate cuts That may not be the case in the near future, or even in the distant future. Federal Reserve Chairman Jerome Powell and his team are steadfast in their fight against the monster that is inflation. The Biden Administration’s Disastrous […]