No matter how far you live from Los Angeles’s devastating fires, you can’t outrun the coming increases in your property insurance premiums.
Category: TRENDS ON THE U.S. ECONOMIC FRONT – Jan 14 2025
MORTGAGE RATES RISE TO HIGHEST IN SIX MONTHS
After falling to 6.2 percent in September, the average national interest rate on a fixed-rate, 30-year mortgage climbed back to 6.93 percent last week, its highest since July, the Federal Home Loan Mortgage Corp. reported.
U.S. JOBS IN DECEMBER UP, TYPES OF JOBS LOW
Last month, the U.S. economy created an estimated 256,000 nonfarm jobs, the most since March 2024 and far more than the 120,000 to 200,000 that analysts had predicted. Unemployment ticked down from 4.2 percent to 4.1 percent.
ECONOMIC UPDATE — MARKET OVERVIEW
Inflation is all the economic “news.” It’s deflation in China, they say inflation in Europe is OK and in the U.S., today’s headline article on CNBC is, Stocks give up earlier gains as traders await more inflation data.
CORPORATE BANKRUPTCIES SHOOT TO 14-YEAR HIGH
In 2024, at least 686 U.S. corporations filed bankruptcy, 8 percent more than in 2023 and the most since 2010 during the Great Recession when 828 corporations went bust, S&P Global Intelligence reported.