The average rate on the 30-year fixed mortgage rate reached 8% Wednesday morning, according to Mortgage News Daily. That is the highest mark since the year of 2000.
Read More Bidenomics: Mortgage Rates Jump to 8% For First Time In 23 Years
Tag: Federal Reserve
U.S. Inflation Surpasses Economists’ Predictions For September
In September, the inflation rate in the United States increased to 3.7%, surpassing economists’ forecasts, according to new data from the Bureau of Labor Statistics.
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Social Security Payments To Increase By 3.2% In 2024
Social Security benefits will be rising by 3.2% in 2024, following the 8.7% rise from the year prior.
Read More Social Security Payments To Increase By 3.2% In 2024
New Data Indicates Massive Recession In 2024
According to experts, the year 2024 could see the worst economic collapse since the Great Depression.
Read More New Data Indicates Massive Recession In 2024
New Report Shows 336K New Jobs Added To U.S. Economy, Defying Expectations
The U.S. economy witnessed a hefty increase of 336,000 new jobs last month, marking the strongest job growth since January, according to the latest report by the Bureau of Labor Statistics.
Read More New Report Shows 336K New Jobs Added To U.S. Economy, Defying Expectations
Reagan Economist Dr. Laffer Sounds Alarm Bells On Long-Term U.S. Economic Health
U.S. Treasury Secretary Janet Yellen says she is very confident that the economy can achieve a soft landing amidst worries of a possible recession. But Reagan economist Dr. Arthur Laffer says that she is missing the point entirely.
Read More Reagan Economist Dr. Laffer Sounds Alarm Bells On Long-Term U.S. Economic Health