Mortgage Rates Hit Highest Level Since November Pushing Monthly Payment for A Typical Home Close to 3000
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Pending home sales in April slump to lowest level since the start of the pandemic
Pending home sales were down in every region of the country, but they fell hardest in the Midwest and West.CNBC - Business -
Pending home sales in April slump to lowest level since the start of the pandemic
Signed sales contracts on existing homes dropped 7.7% in April compared to March, the slowest pace since April 2020, according to the National Association of Realtors.NBC News - Top stories -
US home insurance rates up almost 38% since 2019: Report
U.S. homeowners are paying nearly 38% more for insurance than they did in 2019 due to higher home prices and inflationThe Hill - Politics -
Mortgage payments have grown the most in this U.S. city over the past 2 years—it's not New York or San Francisco
Monthly mortgage costs have grown by 45% in Providence, Rhode Island—the most among the 50 largest U.S. cities.CNBC - Business - New York -
Does an assumable mortgage make sense in today's rate environment?
An assumable mortgage can help you secure a lower mortgage loan rate right now, but it may not work for all buyers.CBS News - Top stories -
UK house prices return to growth in May despite rise in mortgage rates
Nationwide says market shows ‘signs of resilience’ even as separate Bank of England data points to consumer cautionFinancial Times - Business - United Kingdom -
Mortgage rates snap three-week pullback, average rate on 30-year loan back above 7%
The average rate on a 30-year mortgage moved back above 7% this week, a setback for home shoppers at a time when the U.S. housing market is already slowing under the strain of elevated home loan borrowing costs and rising pricesABC News - Top stories - Mortgage -
UK mortgage holders hardest hit by rising prices, data shows
Household cost inflation for those with home loans hits 5.5% in MarchFinancial Times - Business - United Kingdom -
U.S. crude oil posts worst month since November ahead of weekend OPEC+ meeting
U.S. oil is down 4.8% in May, while global benchmark Brent has fallen 7.2%.CNBC - Business -
Mortgage ‘junk fees’ can add nearly $6,000 to the cost of buying a home. The Biden administration says it’s cracking down on the charges.
‘The CFPB is looking for ways to reduce anticompetitive fees that harm both homebuyers and lenders,’ agency director Rohit Chopra saysMarketWatch - Business - Joe Biden -
‘We’re on good terms’: My wife and I are getting divorced, but want to keep our 3% mortgage rate. What could go wrong?
“Given that she’s not planning to buy a house, it should not impact her by keeping her on the loans and the deed.”MarketWatch - Business -
Edmundo Sosa hits 2-run homer, Phillies beat Cardinals 4-2 for 7th consecutive home win
Edmundo Sosa homered, Bryce Harper doubled and singled and the Philadelphia Phillies beat the St. Louis Cardinals 4-2 for their seventh consecutive win at homeABC News - Sports - MLB -
Jack Flaherty allows 1 hit over 6 2/3 innings and Tigers hit 3 home runs in 5-0 win over Red Sox
Jack Flaherty allowed one hit over 6 2/3 innings, Akil Baddoo, Riley Greene and Gio Urshela hit home runs and the Detroit Tigers beat the Boston Red Sox 5-0ABC News - Sports - MLB -
Dow Rises, Stocks Log Monthly Gains
A late-day rally helped all three major stock indexes finish May higher. Gap shares surged after the clothing retailer posted strong results.The Wall Street Journal - World -
U.S. Natural Gas Futures Post Solid Monthly Gain
U.S. natural gas futures gained 0.6% for the session and closed out May up 30% in their sharpest monthly percentage gain since July 2022.The Wall Street Journal - World -
SPDR Gold Falls to Close Month
Gold settled nearly 0.9% lower Friday, but finished the month with a 1.4% gain.The Wall Street Journal - World -
Jaylen Waddle, Dolphins reportedly agree on 3-year, $84.75M extension with $76M guaranteed
Waddle is now one of the NFL's highest-paid receivers.Yahoo Sports - Sports - NFL -
Inside the homes of Tangier’s tastemakers
Creatives from Europe and the US who live and work in the Moroccan city are inspired by its multicultural eclecticismFinancial Times - World -
Lava spurts from Iceland volcano for second day as its fissure extends 2 miles
Lava continues to spurt from a volcano in southwestern Iceland but the activity has calmed significantly from the eruption the previous dayABC News - Tech -
Chicago business-activity index weakens to lowest level in four years
Index drops to 35.4, well below 40.8 expectedMarketWatch - Business -
How to Win Government Contracts and Level Up Your Business
RFP expert and Inc. 5000 honoree Lisa Rehurek offered inside tips on nailing lucrative government bids.Inc. - Business -
Oil prices book largest monthly loss of 2024 as traders await OPEC+ decision on production cuts
Oil futures end lower as traders await a weekend decision on production cuts by the Organization of the Petroleum Exporting Countries and its allies.MarketWatch - Business -
Florida schools are closing, but not everyone blames school choice
Florida's public school enrollment rate is dropping, but experts are divided on how much its universal school choice program is to blame. Multiple districts in the state are closing schools as attendance falls while thousands of students flock ...The Hill - Politics - Florida -
Power Rankings: Who's No. 1 as May comes to a close?
The Yankees knock the Dodgers down a peg amid a shake-up in the top 5.ESPN - Sports -
Closing arguments wrap in Trump hush money trial
Attorneys for the prosecution and defense delivered closing arguments Tuesday in Donald Trump's historic criminal hush money trial in New York.CNN - Top stories - Donald Trump -
Guilty but unashamed, Trump says he will see Biden in November
Donald Trump is guilty, but not ashamed. The question now is whether he will suffer politically for his crimes.NBC News - Politics - Joe Biden -
Trump reacts after guilty convictions: 'The real verdict is going to be November 5th'
Former President Trump continued his claims that the New York hush money trial was a "disgrace" and "rigged" after the jury found him guilty of all 34 counts of business document fraud.NBC News - Top stories - Donald Trump -
A Trump November win would lead America to a dystopian future
Things are bad now, but things will get even worse if Trump wins in November. Voters should listen closely to his fascist rhetoric now or we will soon be living the reality in Trump’s Fourth Reich.The Hill - Politics - Donald Trump -
House & Home Sunshine Living Special
In this special edition, explore the cultural history — and uncertain future — of the swimming pool; the joys of jamming with nightingales; and the perils of being an Airbnb host. Enjoy the exotic homes of Tangier tastemakers and glorious ...Financial Times - Business -
How to Make Espresso at Home (2024)
Making good espresso is hard, and it takes some trial and error. Here are some tips to get you started.Wired - Tech -
ANC facing worst result since end of apartheid
Yahoo News - World -
Eurozone Inflation Rises as ECB Considers Rate-Cut Path
Eurozone inflation picked up in May as prices of services rose more rapidly, but that is unlikely to deter the European Central Bank from proceeding with a heavily signaled interest-rate cut next week.The Wall Street Journal - World -
Eurozone inflation rises as ECB considers rate-cut
Eurozone inflation picked up in May as prices of services rose more rapidly, but that is unlikely to deter the European Central Bank from proceeding with a heavily signaled interest-rate cut next week.MarketWatch - Business - Inflation -
Inflation data muddles ECB’s rate cutting trajectory
Also in this newsletter: Donald Trump found guilty on all counts in ‘hush money’ trial, Cyril Ramaphosa’s future in doubt, Japan’s $62bn support for yen provides little reprieveFinancial Times - World - Inflation -
Downgrade to French credit rating stings Macron government
S&P warns debt ratios will only worsen in coming years and put Paris’s 2027 target for controlling deficit out of reachFinancial Times - Business -
Grads with these 10 master's degrees have the highest average starting salaries—No. 1 earns over $100,000
Getting a master's degree can be a great way to dive deeper into your passion and advance your career. But these 10 programs earn grads the highest salaries.CNBC - Business -
A look at the NFL's top 20 highest-paid wide receivers as Dolphins' Jaylen Waddle moves into top five
20 different NFL receivers are averaging at least $20 million per yearCBS Sports - Sports - NFL -
Weather stops attempts to rescue two climbers stranded on Denali, North America's highest peak
Two exhausted and distressed climbers remain stranded near the summit of Denali, North America's highest mountain, as bad weather stops rescuers from reaching them, the National Park Service has said.NBC News - Top stories -
Biden makes push for Black voters in Pennsylvania
President Biden and Vice President Kamala Harris appeared together at an event in Pennsylvania in an effort to court Black voters. Polling shows that Mr. Biden's support among Black voters has decreased since 2020. NBC News' Gabe Gutierrez reports.NBC News - Politics - Joe Biden -
US expansion pushes up credit losses at Klarna
Net losses at buy now, pay later specialist have more than halvedFinancial Times - World