The US Federal Reserve has raised interest rates by 0.25 percentage point, taking its benchmark federal funds rate to 3.75%-4%. The move is aimed at slowing inflation by making borrowing more expensive and reducing spending. US Fed rate hike raises borrowing costs as cell phone and utility bills also increase. (Pexel) The rate hike is … Read more
Mortgage rates have gone up compared with last week. The average 30-year fixed mortgage rate is 6.91% today, according to Zillow lender marketplace. The 30-year rate is 24 basis points higher than it was a week ago. Mortgage rates today are higher, with 30-year rates at 6.91%. Check 15-year, ARM, VA and refinance rates, plus … Read more
Indian-American entrepreneur says US’s loss would be India’s gain if even 10% of those stuck in Green Card backlog go back to India. Indian-American entrepreneur Vivek Wadhwa said if Indians waiting for residency in the US go back to India as America First activists want them to, it will be India’s gain. India could get … Read more
Social Security is set for some changes in 2027, but the final numbers are not out yet. The official changes, including the 2027 cost-of-living adjustment (COLA), are expected to be announced on October 14, after the latest Consumer Price Index (CPI) data is released. Social Security benefits and the 2027 COLA increase explained. (Photo by … Read more
Senator John Fetterman’s future in the US Senate is facing renewed scrutiny after a report portrayed the Pennsylvania Democrat as increasingly disengaged from some of the core duties of his office, including meetings with constituents and lawmakers. John Fetterman faces new questions over Senate role: Here’s when he is up for reelection. (Bloomberg) Fetterman is … Read more
Melbourne, Mortgage holders know interest rates have risen over the past year, as the Reserve Bank of Australia lifted the cash rate to fight inflation. But mortgage holders are not alone: governments and business borrowers are facing the same pressure. Why rise in government debt is freaking out bond market Australia’s government now has to … Read more
Americans could pay more for toilet paper and other household paper products as the escalating US-Canada trade war puts fresh pressure on an industry that depends heavily on cross-border supplies of raw materials. US-Canada trade war could drive up the cost of toilet paper and other everyday household paper products. (Getty Images via AFP) The … Read more
Many feared there was a fire in Logan, Utah on August 27. Destruction from the Brushy Canyon Fire caused smoke to be blown towards Logan, Utah. (Facebook/Utah Fire Info) “Is there another fire in Logan? I can smell it at Mount Logan Middle School,” one wrote on Facebook. However, there’s no active fire reports for … Read more
Mortgage rates went up this week, making home loans slightly more expensive for buyers. The average rate for a 30-year fixed mortgage rose to 6.73%, from 6.63% last week. This means the rate increased by 0.10 percentage points in one week. Mortgage rates rise again, with 30-year rates at 6.73%, 15-year rates at 5.87% and … Read more
Mortgage rates fell slightly last week despite a big jump in bond market volatility. The average 30-year fixed mortgage rate was 6.65% this week through Wednesday, down from 6.67% a week earlier, according to Freddie Mac. The small drop came during a very unstable week for the bond market. Long-term US government bond yields moved … Read more