NYTimes.com: The fiscal milestone comes as Congress is facing a new spending fight with a government shutdown looming. America’s gross national debt exceeded $33 trillion for the first time on Monday, providing a stark reminder of the […]
CNBC.com: U.S. homebuilders are feeling pessimistic about their business for the first time in seven months, thanks to stubbornly high mortgage rates. Builder confidence in the single-family housing market fell 5 points in September to […]
FoxBusiness.com: The yield curve inversion has continued for 212 days, Campbell Harvey says. Yield curve pioneer Campbell Harvey warned the Federal Reserve against raising rates again later this year, telling FOX Business on “The Claman Countdown” […]
BusinessInsider.com: “Shark Tank” star Kevin O’Leary thinks high interest rates are about to spark a fresh bout of chaos in the US economy. The famed investor pointed to high interest rates as the result of […]
CNBC.com: Higher mortgage rates continue to take their toll on mortgage demand, especially for refinancing. Total mortgage application volume dropped 0.8% last week compared to the previous week, according to the Mortgage Bankers Association’s seasonally […]
Forbes.com: Investors are more and more confident that the U.S. economy can avoid falling into recession in 2023. This so-called “soft landing,” the sweet spot between cooling inflation and a still-growing economy, appears to be a real […]
FoxBusiness.com: Freddie Mac reported rates for a 30-year fixed mortgage averaged 7.18% as of Thursday. The housing market continues to leave homebuyers struggling to find affordable options as mortgage rates surge and inventory remains scarce. One industry […]
Realtor.com: After rising for an alarming five weeks straight, mortgage rates have at long last cooled a bit. For the week ending Aug. 31, rates for 30-year fixed-rate loans averaged 7.18%, according to Freddie Mac. […]
MarketWatch.com: With second-quarter earnings season now largely behind the market, stock investors have been focusing on the latest economic data and for the most part been reacting positively to “bad economic news,” or any data […]
Investopedia.com: If you were looking to Federal Reserve Chair Jerome Powell for clues about whether the Fed will raise rates again at future meetings, his most recent speech probably left you in the dark. The […]
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