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US mortgage rates fall below 3% for first time since February as housing market cools

15 days ago   |   By Business Insider

Summary List Placement The headline mortgage rate's plunge below 3% last year was a big deal. It added fuel to a housing market boom that continues to this day.
The rate climbed back above 3% earlier this year, but now it's sinking once again as the buying spree hits new snags. That could give potential buyers at least a little help as home prices sit at record highs.
The average 30-year fixed mortgage rate fell to 2.97% from 3.04% this week, Freddie Mac said in a Thursday press release. The reading marks a third weekly decline and places the rate at its lowest point since late...
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US average mortgage rates under 3% for first time since Feb

US average mortgage rates under 3% for first time since Feb

15 days ago   |   By Star Tribune

Mortgage rates fell for the third straight week, dipping below 3% for the first time in two months.
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Trump DOJ secretly pulled Washington Post reporter phone records, and tried...

Trump DOJ secretly pulled Washington Post reporter phone records, and tried to score email records

Summary List Placement In the early days of the Trump administration, the Justice Department covertly pulled phone records from several Washington Post journalists and also... Read more ...

The economist who was off by 1.8 million in Friday's jobs report explains...

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Dow, S&P 500 close at record highs after dismal jobs report gives Fed more...

Dow, S&P 500 close at record highs after dismal jobs report gives Fed more breathing room

Summary List Placement The Dow Jones and S&P 500 closed at record highs on Friday after a weak April jobs report gave the Federal Reserve breathing room to continue with its... Read more ...

Threats against members of Congress have increased 107% since 2020 and are...

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Summary List Placement The number of threats against members of Congress have increased 107% since last year, US Capitol Police said on Friday. "The number of threats made... Read more ...

Gold spikes as as 'epic' miss in April jobs report eases worries about a Fed...

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Summary List Placement Gold prices jumped Friday after the weak US monthly jobs report tamped down expectations of an interest-rate hike by the Federal Reserve, making the... Read more ...

Dan Kamensky, the hedge fund manager who said 'maybe I should go to jail,'...

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The WHO is granting emergency use of China's Sinopharm COVID-19 vaccine

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Summary List Placement A World Health Organization panel has authorized the emergency use of a COVID-19 vaccine made by China's Sinopharm. The vaccine was developed by... Read more ...

The Chamber of Commerce calls for an end to $300 federal unemployment...

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Summary List Placement The Chamber of Commerce called for an end to the $300-per-week federal unemployment benefit on Friday, assailing it as an obstacle to the economic... Read more ...

US job growth unexpectedly softens, falling far below expectations

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Despite bullish predictions and the recovery of the US economy, job growth slowed in April compared to a month earlier, figures released by the Labor Department show. According... Read more ...

The disappointing April jobs report showed gains were mainly in leisure and...

The disappointing April jobs report showed gains were mainly in leisure and hospitality

Summary List Placement The leisure and hospitality sector was the only major industry to see a six-digit job gain between March and April. The US added just 266,000 nonfarm... Read more ...