Interest-Only Mortgage: What Is It and How to Get One
An interest-only mortgage is a type of home loan where the borrower is required to pay only the interest on the loan for a specified period, typically between five and … Read More
Meta to Spend Up to $65 Billion on AI in 2025
Meta Platforms Inc. is planning to allocate as much as $65 billion towards artificial intelligence (AI) initiatives in 2025, reflecting its deep commitment to staying competitive in the rapidly evolving … Read More
Boeing Sees $3.5B Cash Flow Loss Due to Labor Strikes and Layoffs in Q4
Increased labor disputes and cost-cutting measures weigh heavily on aerospace giant. Labor Strikes Disrupt Production Timelines Boeing’s financial troubles were exacerbated by a series of labor strikes that disrupted … Read More
Average 30-Year Mortgage Rate Drops Below 7% After Five Weeks of Increases
The average rate on a 30-year fixed mortgage has fallen below 7% after rising for five consecutive weeks. According to Freddie Mac, the benchmark mortgage rate now stands at 6.99%, … Read More
India’s Stock Market Needs Domestic Investors Now More Than Ever
January 23, 2025 India’s stock market is at a critical juncture, with domestic investors playing an increasingly crucial role in stabilizing and driving market growth. As global economic uncertainties mount … Read More
Home Sales Are Stalled with 7% Mortgages: What’s Happening in the Housing Market?
The U.S. housing market is facing a slowdown as 30-year mortgage rates hover around 7%, making it increasingly difficult for buyers to afford homes. The combination of high borrowing … Read More
TikTok Is Back Up After Trump Says He’ll Delay the Ban: What Comes Next?
The popular social media platform TikTok is back online after former President Donald Trump announced a delay in its proposed ban. This decision follows prolonged scrutiny over national security concerns … Read More
Mortgage Rates Top 7%, Hitting 7-Month High. But Relief May Be in Sight Mortgage rates have climbed above 7%, reaching their highest level in seven months, according to Freddie Mac. … Read More
Housing Market Shocker: Home Prices Surge Despite High Mortgage Rates and Tight Inventory
In a surprising twist for the housing market, home prices have continued to rise even as high mortgage rates and limited inventory present significant challenges for buyers. According to recent … Read More
US 30-Year Mortgage Rate Just Shy of 7% Weighs on Home Purchases
The US housing market continues to grapple with soaring mortgage rates, with the 30-year fixed-rate mortgage hovering just below the 7% threshold. This elevated rate environment has cast a shadow … Read More