WASHINGTON, D.C. — Average long-term U.S. mortgage rates retreated modestly this week, but interest on the key 30-year loan remains at decade-high levels. Mortgage buyer Freddie Mac reported Thursday that the 30-year rate slipped to […]
WASHINGTON, D.C. — Average long-term U.S. mortgage rates edged up again this week, with interest on the key 30-year loan at its highest level since 2009. Mortgage buyer Freddie Mac reported Thursday that the 30-year rate […]
NEW YORK — Bonds are supposed to be the safe part of any nest egg, but they’re getting brutalized. High-quality U.S. bonds have lost more than 10% so far this year, as of Monday, on […]
WASHINGTON, D.C. — An inflation gauge closely tracked by the Federal Reserve surged 6.6% in March compared with a year ago, the highest 12-month jump in four decades and further evidence that spiking prices are […]
WASHINGTON, D.C. — The Federal Reserve must move faster than it has in the past to rein in high inflation, Chair Jerome Powell said Thursday, signaling that sharp interest rate increases are likely in the […]
Canaries used to be lowered into mines to detect the presence of noxious gas from 1911 to 1986. If the bird came back chirping, the miners would go down in the mine. If not, they […]
NEW YORK — JPMorgan Chase said its first quarter profits dropped by 42% from last year, partly because the bank wrote down nearly $1.5 billion in assets due to higher inflation and Russia’s war in […]
NEW YORK — The Consumer Financial Protection Bureau is suingTransUnion and one of its long-time executives alleging that the credit company completely “disregarded” a previous order from five years ago to stop selling dubious credit-related […]
Russia’s war in Ukraine will disrupt commerce and clog up supply chains, slashing economic growth and pushing prices sharply higher around the globe, the Organization for Economic Cooperation and Development warned Thursday. In a grim […]
WASHINGTON, D.C. — Average long-term U.S. mortgage rates rose this week as the key 30-year loan vaulted over 4% for the first time since May 2019. The increase came amid expectations that with inflation at […]
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