Mortgage Interest Rates Rise To Highest Level Since 2006
The average interest rate on the most popular U.S. home loan rose to its highest level since 2006 as the housing sector continued to bear the brunt of tightening financial conditions, data from the Mortgage Bankers Association (MBA) showed on Wednesday.
Democrats go all-in on abortion in final ad blitz, GOP focuses on economy
Republicans are laser-focused on the economy in ads blanketing the airwaves before the midterm elections, while Democrats are sounding the alarm on abortion access as early voting gets underway in many states.
OPEC+ announces major cut in global oil supplies
OPEC+ has announced a significant cut in global oil supplies ahead of European Union embargoes on Russia energy and in time for the peak winter season, Reuters reports. Exacerbating concerns about soaring inflation, the move is expected to push up the …
‘Nearly doubled’ foreign investment in U.S. farmland comes under scrutiny
A coalition of 130 lawmakers sent a letter to a top federal watchdog raising the alarm about a spike in foreign ownership of U.S. farmland.
Germany: Inflation hits record 10%, recession expected
Inflation in Germany increased to a record 10% last month as the country expects to enter a recession, DW reports.
Hurricane Ian Death Toll Rises To Over 80
The death toll of Hurricane Ian past 80, while residents in the U.S. state of Florida and the Carolinas faced recovery costs expected in the tens of billions of dollars.
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