Mortgage rates in the United States have hit the highest level in six months while loan applications and home sales are declining. The average 30-year fixed-rate mortgage rate hit 7.12 percent on May 25, according to a May 25 post by Mortgage Daily News (MDN). The previous high of 7.10 percent was hit on March…
US Mortgage Rates Hit 6-Month High as Home Sales Decline
May 26, 2023
admin
Business & Marketseconomyhigh mortgage ratesMarketsmortgage applicationsreal estateUSUS NewsUS Real Estate
0 Comment
New Jersey County Votes Unanimously Against Offshore Wind Farm
A county in New Jersey unanimously voted against an offshore wind farm proposed along its coastline, citing the development’s potential negative environmental and tourism impact. The Cape May Board of Commissioners voted (pdf) 4–0 this week on an ordinance opposing farms that are being developed by a Denmark-based firm, Orsted, under its Ocean Wind 1…
Calls for Boycott of North Face Grow After Company Uses Drag Queen in Ads
As Target deals with a boycott after featuring pro-LBGT clothing for children, some prominent conservatives on social media are targeting another company for its clothes. North Face, the maker of jackets and hiking clothing, launched a campaign with a drag queen for its “Summer of Pride” ad blitz. In a post, a drag queen says he’s…
Federal Reserve’s Key Inflation Gauge Unexpectedly Comes in Hotter
The Federal Reserve’s preferred inflation gauge unexpectedly climbed in April, leading to concerns that the U.S. central bank could raise interest rates for the 11th straight month in June. In April, the annual personal consumption expenditure (PCE) price index rose to 4.4 percent, up from 4.2 percent, according to the Bureau of Economic Analysis (BEA)….
Inflation Rose in April Fueled by Jump in Consumer Spending
The Federal Reserve’s preferred inflation gauge unexpectedly climbed in April, leading to concerns that the U.S. central bank could raise interest rates for the 11th straight month in June. In April, the annual personal consumption expenditure (PCE) price index rose to 4.4 percent, up from 4.2 percent, according to the Bureau of Economic Analysis (BEA)….
South Korea Detains Passenger After Asiana Plane Door Opened Mid-Air
SEOUL—South Korean police on Friday detained a man who opened a door of an Asiana Airlines plane minutes before it was due to land in the city of Daegu, causing panic among the passengers, officials said. The Airbus A321-200 plane landed safely at around 12:40 p.m. (0340 GMT). It had set off from the holiday…
Chancellor Backs Interest Rate Hikes Even If They Risk UK Recession
Chancellor Jeremy Hunt has backed further interest rate hikes being used to rein in inflation even if they increase the risk of pushing the UK into recession. The Bank of England (BoE) has raised rates 12 times in a row to 4.5 percent from 0.1 percent in December 2021. The Consumer Prices Index (CPI) of…
Trump to Join Fox News’ Sean Hannity for 2nd Town Hall
May 26, 2023
admin
2024 electionBusiness & MarketsCNN Town HallCompaniesDonald TrumpFox NewsMedia & Big TechPoliticsRepublican CandidatesSean HannityUSUS News
0 Comment
Former President Donald Trump, the current frontrunner for the GOP presidential nomination in 2024, is set to partake in a town hall hosted by Fox News next week, NTD has learned. A spokesperson for the network confirmed with NTD early Friday that the event is set to be pre-taped in Clive, Iowa, on June 1…
Americans’ Retirement Expectations Keep Dropping Over Economic Worries
The outlook of Americans towards their retirement plans has worsened over the past year according to a recent Gallup poll, with concerns about rising prices and recession sapping away optimism. The expectations of non-retired Americans for a comfortable retirement are now at their “most pessimistic” level since 2012, falling by 10 percentage points since 2021,…
Wall Street Opens Higher on Hopes of Debt Deal Breakthrough
Wall Street’s main indexes opened higher on Friday, buoyed by progress in negotiations over raising the U.S. debt ceiling, though data pointing to slightly hotter-than-expected inflation capped gains. The Dow Jones Industrial Average rose 30.85 points, or 0.09 percent, at the open to 32,795.50. The S&P 500 opened higher by 4.88 points, or 0.12 percent,…
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta