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“Mortgage rates fall for fourth straight week” The average long-term mortgage rate fell for the fourth consecutive week and have dropped more than three-quarters of a point since hitting a 20-year high last month. Mortgage buyer Freddie Mac reported Thursday that the average on the benchmark 30-year rate dipped to 6.33% from 6.49% last week….
“Mortgage rates fall for third straight week” The average long-term US mortgage rate ticked down for the third week in a row and have fallen more than a half-point since hitting a 20-year high less than a month ago. Mortgage buyer Freddie Mac reported Thursday that the average on the benchmark 30-year rate fell to…
“rate-hike slowdown possible in December” The Federal Reserve could scale back the pace of its interest rate hikes “as soon as December,” Fed Chair Jerome Powell said Wednesday, while cautioning the fight against inflation was far from over and that key questions remain unanswered, including how high rates will ultimately need to rise and for how long….
“Central bank could cut rates in 2024” New York Federal Reserve President John Williams on Monday declined to say how fast and how far he believes the US central bank will need to raise interest rates over coming months but reckons a rate cut is possible in 2024 as inflation pressures ease. “I do think we’re going to need to…
“Fury over China’s insane, endless COVID lockdowns exposes President Xi” “Need human rights, need freedom,” chanted hundreds of protesters Saturday night in Shanghai, along with “Don’t want Covid test, want freedom!” and “Don’t want dictatorship, want democracy!” Plus demands for President Xi Jinping to “step down.” Xi’s insane “Zero COVID” policies and the endless severe…
“Majority of Fed officials see rate hikes slowing soon: minutes” A “substantial majority” of policymakers at the Federal Reserve’s meeting early this month agreed it would “likely soon be appropriate” to slow the pace of interest rate hikes as debate broadened over the implications of the central bank’s rapid tightening of monetary policy, according to the…
“Fed’s Loretta Mester supports smaller rate hike in December” The Federal Reserve can downshift to smaller interest rate hike increments from next month as it fine-tunes its policy actions to help bring down high inflation while keeping the economy humming, Cleveland Fed President Loretta Mester said Monday. “I think we can slow down from the 75 at…
“Used car prices fall but monthly payments spike” Interest-rate hikes from the Fed are raising average monthly car payments despite falling prices for used cars, according to a study. The average monthly payment for used cars is 47% higher this year, hitting $551 a month, as compared to 2019, according to analysts at Cox Automotive,…
“Home sales plunge to lowest level in 10 years as prices stay high despite high mortgage rates” Sales of previously occupied US homes fell in October for the ninth month in a row to the slowest pre-pandemic sales pace in more than 10 years, as homebuyers grappled with sharply higher mortgage rates, rising home prices…
” Is Bitcoin bullish or nah? Here is what is really going on with BTC price “ Since March 2022, traders and so-called analysts have been forecasting a policy change or pivot from the United States Federal Reserve. Apparently, such a move would prove that the Fed’s only available option is to print into oblivion,…