Last week, the U.S. national average interest rate on a 30-year, fixed rate mortgage rose to 6.38 percent, the Federal Home Loan Mortgage Corp. reported.
Author: admin (Kendrick Williams)
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IRAN WAR TORPEDOES U.S. HOUSING MARKET
On 27 February, the day before the U.S. and Israel attacked Iran, the U.S. national average interest rate on a 30-year, fixed-rate mortgage was 5.96 percent, according to Bankrate.
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MANUFACTURING FLATLINES, SERVICE SECTOR SLOWS IN MARCH
After contracting in February, U.S. manufacturing held steady at that lower level in March, according to the Federal Reserve Bank of Richmond’s monthly business survey.
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ENERGY SHOCK WILL PUSH U.S. INFLATION TO 4.2 PERCENT, OECD SAYS
The energy price surge set off by the Iran War will drive U.S. inflation to 4.2 percent this year, the highest among G7 nations, according to a projection by the Organization for Economic Cooperation and Development (OECD).
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U.S. CONSUMER GLOOM
The University of Michigan’s monthly survey of consumer sentiment in March found American households in a darker mood than in February.
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ODDS OF U.S. RECESSION APPROACH 50 PERCENT
The Iran war’s boost to fuel costs, the resulting expected rise in inflation, and an already weak jobs market have combined with general and geopolitical uncertainty to push the U.S. economy uncomfortably close to a recession.
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GAZA DEATH TOLL
Israel killed at least 72,285 Palestinians in Gaza, and more than 172,028 people have been injured, according to the enclave’s health ministry.
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CHILDREN’S HEALTH DEFENSE WINS SETTLEMENT IN LANDMARK CENSORSHIP CASE
Children’s Health Defense (CHD) and the U.S. Department of Justice (DOJ) finalized a settlement in CHD’s landmark class action censorship lawsuit against key Biden administration officials accused of colluding with tech companies to censor social media content.
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THE STEALING OF AMERICA: YOU’RE NOT A CITIZEN—YOU’RE A REVENUE STREAM FOR THE POWER ELITE
You’re not imagining it. Everything costs more. Everything is monitored.
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THE HORROR OF ANOTHER WEEK IN WASHINGTON – “BOOTS ON THE GROUND” COMING NEXT BUT THAT’S NOT ALL
The past week has seen the usual mixture of developments flowing from the United States government that make one either want to laugh or cry.