April 1, 2024
“…The U.S. economy grew at a solid 3.4% annual pace from October through December, the government said Thursday in an upgrade from its previous estimate. The government had previously estimated that the economy expanded at a 3.2% rate last quarter…”… Continue Reading…
March 28, 2024
“Turkey’s central bank on Thursday raised its key interest rate, the one-week repurchase rate, from 45% to 50%, citing the continuing need to counter climbing inflation in the country… Turkish annual consumer price inflation soared to 67% in February, fueling concerns that… Continue Reading…
March 7, 2024
“…Gomes predicts America’s $34 trillion debt burden may upset the world’s financial markets as early as next year—should a president-elect announce a raft of expensive policies. And remember the UK’s mortgage meltdown following a disastrous premiership under Prime Minister Liz… Continue Reading…
January 17, 2024
“…The figures show the Federal Reserve is facing a bumpy path to tame inflation, which risks staying elevated in coming months should prices of goods, such as clothing and cars, continue to climb. Fed policymakers and Wall Street economists have… Continue Reading…
January 16, 2024
“…The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) increased to 6.81% from 6.76%, with points remaining unchanged at 0.61 (including the origination fee) for loans with a 20% down payment. That rate… Continue Reading…
January 11, 2024
“The unemployment rate for Black Americans fell significantly in December, closing out 2023 on a positive note, according to data released Friday by the Department of Labor. Black Americans, the group with the highest jobless percentage in the country, saw their unemployment… Continue Reading…
January 2, 2024
“Last week, the Federal Reserve indicated that it will keep pushing the pause button on interest rate hikes, and that it expects to cut interest rates next year. That’s been cause for celebration on Wall Street, where high interest rates… Continue Reading…
December 19, 2023
“The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) decreased to 7.07% from 7.17%, with points falling to 0.59 from 0.60 (including the origination fee) for loans with a 20% down payment, according… Continue Reading…
December 18, 2023
“Mortgage rates continued to drop last week after hitting a 23-year high in October. Between Dec. 1 and 7, rates for 30-year fixed-rate mortgages fell from an average of 7.05% to 6.95%, according to mortgage finance agency Freddie Mac. This marks the seventh straight… Continue Reading…
December 8, 2023
“After surging over 8% in October, mortgage rates are falling back toward 7% again, and that is jump-starting the refinance market… As a result, applications to refinance a home loan increased 14% from the previous week and were 10% higher… Continue Reading…
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