Mortgage Rates Soar to 6.91%, Intensifying Challenges for Homebuyers

Mortgage Rates Soar to 6.91%, Intensifying Challenges for Homebuyers

Jan 3, 2025

Mortgage rates have climbed again, creating additional challenges for potential homebuyers. The average rate for a 30-year fixed mortgage recently reached 6.91%, the highest in nearly six months, up from 6.85%. The rise in mortgage rates occurred despite the Federal Reserve’s multiple interest

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Jerome Powell’s Leadership: Navigating Inflation and New Economic Challenges

Jerome Powell’s Leadership: Navigating Inflation and New Economic Challenges

Dec 23, 2024

Federal Reserve Chair Jerome Powell has skillfully navigated the U.S. economy through crises like the pandemic and record-high inflation. While inflation has dropped near the Fed’s 2% target, challenges loom large, with President-elect Donald Trump’s policies threatening to push prices back up. Inflation

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Dow Drops Over 1,100 Points, Hits Longest Losing Streak Since 1974

Dow Drops Over 1,100 Points, Hits Longest Losing Streak Since 1974

Dec 19, 2024

Dow Experiences Historic Decline The Dow Jones Industrial Average fell sharply on Wednesday, dropping over 1,123 points (2.6%). This marks the longest losing streak since 1974, extending its slide to 10 consecutive days. The plunge came after the Federal Reserve’s policy statement indicated

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Gold Prices Dip from Near-Record Highs Amid Uncertain US Fed Rate Cut Expectations

Gold Prices Dip from Near-Record Highs Amid Uncertain US Fed Rate Cut Expectations

Sep 7, 2024

Gold Price Update On September 7, 2024, gold prices dropped from near-record highs due to mixed US job data, which has cast doubt on a significant interest rate cut by the Federal Reserve. After approaching a peak of $2,531 per ounce, gold prices

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