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Mortgage rates climb for second straight week
Yahoo Finance· 2025-10-02 16:46
Mortgage rates rose this week, mortgage buyer Freddie Mac said Thursday. Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage increased to 6.34% from last week's reading of 6.3%. The average rate on a 30-year loan was 6.12% a year ago. Nearly 1 In 5 American Homes Slash Prices As Buyers Gain Upper Hand In Shifting Market A "for sale" sign is posted outside a single family home for sale on Aug. 22, 2025, in Pasadena, Califo ...
X @Anthony Pompliano 🌪
Anthony Pompliano 🌪· 2025-09-23 16:00
Home affordability is a major problem in America.@NewsLambert says incomes need to increase 60%, home prices need to fall 38%, and mortgage rates need to be cut by 4% or more.Those are scary numbers that likely won't happen. https://t.co/Qh47zrNAOX ...
X @Anthony Pompliano 🌪
Anthony Pompliano 🌪· 2025-09-16 11:28
Home affordability is a national crisis.Local governments have to deregulate and allow for more supply to be built, while the Fed should cut interest rates significantly.Obvious solutions to a painful problem. ...
Six months into the Trump presidency, here’s the good, the bad, and the ugly about the economy
MSNBC· 2025-07-06 19:00
Economy Overview - The headline numbers of the economy look pretty good, with the stock market at record highs and more 401k millionaires than ever before [3] - The labor market shows 147,000 jobs added, which is right on average, and the unemployment rate is at 41% [4] - Inflation has been tamer than expected, with egg and gas prices decreasing, putting more money in people's pockets [5] Economic Slowdown - The economy is slowing down, with first quarter GDP growing only 05%, a significant decrease from the previous quarter's 24% [6] - This slowdown is attributed to less manufacturing, construction, and industrial production, with companies and small businesses pulling back due to tariff concerns [6] - Home affordability is a concern, with home prices at all-time highs and rising costs for buying or renting, leading to increased consumer debt and credit card APRs around 24% [7] Economic Challenges - The resumption of student loan payments is putting pressure on people's finances, leading to rising delinquencies [8] - The potential expiration of tariff freezes introduces uncertainty, with possible dramatic effects or more smoke than fire [9][10] - Cuts to subsidies, especially for lower-income individuals, Medicare, and SNAP programs, along with potential loss of healthcare, create uncertainty [11] Wealth Disparity - The widening wealth gap is a concern, as those who don't own stocks or assets like homes are being left out of the prosperity [12][13] - While half of Americans who own stocks or property are doing well, those trying to get a mortgage face rates of 66% and average home prices around $400,000 [14] - Tax cuts may have an opposite wealth effect, as those on Medicaid or SNAP may contribute less to the economy due to a lack of surplus [15][16]