Latest in Mortgage Rates Increase
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A crisis-era mortgage strategy is making a comeback — and this time it’s bailing out buyers
Home buyers are turning to interest-free second mortgages to fund their down payments.Business - MarketWatch - October 19 -
Is a reverse mortgage or home equity loan better for seniors? Experts weigh in
Seniors have a few options for tapping into their home's equity, but certain options may be better than others.Top stories - CBS News - 6 days ago -
America’s secret weapon against inflation: The 30-year home mortgage
Being able to lock in a predictable payment for decades isn’t just a financial tool; it protects families from economic uncertainty.Business - MarketWatch - 15 hours ago -
Where interest rates are heading
The neutral ‘R-star’ level will be higher but the more notable change will be a steepening of the bond yield curveWorld - Financial Times - October 14 -
ECB lowers rates to 3.25% as inflation slows
Christine Lagarde says Eurozone’s central bankers are close to ‘breaking the neck’ of soaring price pressuresBusiness - Financial Times - October 17 -
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Finland warns of increasing Ukraine fatigue among distracted west
Also in this newsletter: Meloni hits back against Albania migration hub criticismWorld - Financial Times - October 15 -
CDC reports alarming increase in whooping cough and walking pneumonia among children
Health officials are warning of accelerating cases of whooping cough, particularly among school-aged children. Dr. Jon LaPook explains the rise and how to keep your family healthy this fall.Top stories - CBS News - October 15 -
Trump Contends His Economic Policies Won’t Increase Federal Debt
In an interview with Bloomberg News, the GOP candidate denied his tariff plans would hike the deficit by $7.5 trillion, a widely accepted forecast among economists.Business - Inc. - October 16 -
U.N. Security Council Urges Israel to Increase Flow of Aid Into Gaza
Some of the sharpest criticism about a lack of sufficient assistance in the enclave came from Israel’s allies, including the United States.World - The New York Times - October 17 -
Netanyahu holds emergency meeting on Gaza aid as U.S. ramps up pressure
Some 41% of people in Gaza will face "catastrophic" levels of hunger in the coming months, a global authority on food security warned Thursday.Top stories - NBC News - October 17 -
Jobless claims retreat after last week’s sharp increase
One week after hitting the highest level in more than a year, initial jobless claims retreated by 19,000 to 241,000, the Labor Department said Thursday.Business - MarketWatch - October 17 -
Ray-Ban Maker EssilorLuxottica Posts Revenue Increase But Misses Expectations
The Franco-Italian eyewear group’s revenue rose 4% in the third quarter, helped by sales of smart glasses.Business - The Wall Street Journal - October 17 -
WATCH: How to increase your chances of seeing the northern lights
In the continental U.S., some of the best places to see the northern lights are Michigan's Upper Peninsula and North Dakota.Top stories - ABC News - October 21 -
Abortions Have Increased, Even for Women in States With Rigid Bans, Study Says
A new analysis shows how many women in states with bans are seeking procedures or pills from out-of-state providers.Top stories - The New York Times - October 23 -
Blinken Renews Push for Middle East Truce, and U.S. Abortions Increase
Plus, a radical approach to flooding in England.Top stories - The New York Times - October 23 -
Norway to increase minimum age limit on social media to 15 to protect children
Prime minister wants young people to be shielded from ‘power of the algorithm’. Norway is to enforce a strict minimum age limit on social media of 15 as the government ramped up its campaign ...World - The Guardian - October 23 -
How much has the price of gold increased so far this year?
Gold has been one of the top-performing assets in 2024. Here's how much price growth we've seen so far.Top stories - CBS News - October 23 -
Tesla’s Shares Surge 20% After Strong Earnings and Outlook
The company said profits climbed 17 percent in the third quarter. It expects car sales to rise up to 30 percent next year when it plans to begin selling new models.Business - The New York Times - October 24 -
UK to increase military presence in Indo-Pacific to counter China
Keir Starmer to announce expansion in region that will also include business club to increase economic ties. The UK will increase its military and economic presence in the Indo-Pacific to support ...World - The Guardian - 6 days ago -
Carbon emissions of richest 1% increase hunger, poverty and deaths, says Oxfam
Consumption of world’s wealthiest people also making it increasingly difficult to limit global heating to 1.5C. The high carbon emissions of the world’s richest 1% are worsening hunger, poverty and ...World - The Guardian - 4 days ago -
Beijing considers $1.4 trillion borrowing increase to support economy: Reuters
Fresh stimulus would help local authorities resolve off balance-sheet debtBusiness - MarketWatch - 2 days ago -
Meta Earnings Show Revenue Increase, Even as Spending Spree Continues
The Silicon Valley company, which owns Facebook, Instagram and WhatsApp, said it does not plan to slow down its investments anytime soon.Business - The New York Times - 9 hours ago -
National insurance rise will hit lower-wage parts of UK economy hardest, study shows
Findings of IFS think-tank come as Reeves acknowledges policies could dampen pay growthBusiness - Financial Times - 11 hours ago -
How Rachel Reeves will reform carried interest taxation
Changes unveiled in the Budget mean private equity managers’ profit share schemes now face higher tax billsBusiness - Financial Times - 9 hours ago -
Why the Federal Reserve Rate Cut Isn’t Lowering Your Loan Rates
Fed rate cuts and lending rates do not always experience like-to-like movement. Here’s a quick look at rates, and what to expect moving forward.Business - Inc. - Yesterday -
American interest rates need to rise
Lessons for the US from the Brazilian canary in the coal mineWorld - Financial Times - October 15 -
Bank of Canada resorts to jumbo rate cut as growth falters
Slowdown prompts shift to 50bp reduction, with rate-setters saying borrowing costs are likely to fall furtherWorld - Financial Times - October 23 -
Will HELOC interest rates fall in November?
HELOC interest rates have been falling this fall, but will they continue to do so in November? Here's what to know.Top stories - CBS News - 2 days ago -
U.S. housing market is on the ‘verge of a vicious cycle,’ which is ‘not good for America,’ Lennar Mortgage head warns
Laura Escobar, the president of Lennar Mortgage, said the lack of affordable housing options poses a threat to America’s future.Business - MarketWatch - 2 days ago -
Interest rate cut hopes raised as wage growth slows
Expectations of a rate cut next month increase as pay growth slows to its lowest rate for more than two years.Top stories - BBC News - October 15