The 30-year mortgage rate is 6.78% and the median home price is $410,000

3 years ago, the average 30-year mortgage rate was 2.98%, per Charlie Bilello. The median existing home price in the US was $294,000 . Currently, the 30-year mortgage rate is 6.78% and the median home price is $410,000. Meanwhile, a recent report from the National

The U.S. Virgin Islands wants a judge to declare that JPMorgan, $JPM, participated in Epstein’s sex trafficking and obstructed law enforcement, per NBC

The U.S. Virgin Islands wants a judge to declare that JPMorgan, $JPM, participated in Epstein’s sex trafficking and obstructed law enforcement, per NBC. Recently, other allegations were noted. For example: Jeffrey Epstein helped Apollo Global Management co-founder Leon Black avoid over $1 billion in future gift and

The Federal Reserve has hiked rates by 25 BPS

The Federal Reserve has hiked rates by 25 BPS. The Federal Reserve has approved an interest rate hike, which brings benchmark borrowing costs to their highest level in more than 22 years. 1. The Federal Open Market Committee (FOMC) raised its funds rate by a quarter percentage point to a

Bitcoin could soar to $180,000 before the April 2024 halving, Fundstrat has said

Bitcoin could soar to $180,000 before the April 2024 halving, Fundstrat  has said. Standard Chartered has given its predictions regarding Bitcoin, saying that the top crypto could reach $120,000 by the end of 2024. For the end of this year, the expectation is that BTC will reach $50,

Jeffrey Epstein helped Apollo Global Management co-founder Leon Black avoid over $1 billion in future gift and estate taxes – and was paid about $158 million for his advice

Jeffrey Epstein helped Apollo Global Management co-founder Leon Black avoid over $1 billion in future gift and estate taxes – and was paid about $158 million for his advice. The Senate Finance Committee is investigating $158 million paid to accused sex-trafficker Jeffrey Epstein by billionaire and Apollo Global Management

The IRS is officially ending its decades-old policy of making unannounced home and business visits

The Internal Revenue Service (IRS) recently announced a significant reduction in unannounced visits to homes and businesses, citing safety concerns for its officers and the risk of scammers posing as agency employees. Traditionally, these door visits were conducted to collect unpaid taxes and unfiled tax returns. However, effective immediately, such

Kevin McCarthy has said President Biden's alleged involvement in shell companies reportedly surrounding Hunter Biden is "rising to the level of an impeachment inquiry."

House Speaker Kevin McCarthy (R-CA) recently disclosed that the Republican-controlled House is edging closer to launching an impeachment investigation against President Joe Biden. The basis for these claims revolves around allegations that Biden received millions of dollars in bribes from foreign governments. The impetus for this movement came

Hunter Biden's gallery sold his art to a Democratic donor and Biden supporter, Elizabeth Hirsh Naftali, who Joe Biden also named to a prestigious federal government commission

During his campaign, President Joe Biden promised to create a strict separation between his official duties and his family's private business interests. The White House repeatedly emphasized this "absolute wall" when questions arose about Hunter Biden's art career. In 2021, an art gallery in

Citadel securities had their first half trading revenue fall over 35% so far and profits were down nearly 60% in the first half of the year

Citadel Securities, founded by Ken Griffin, experienced a 35% decline in net trading revenue during the first half of the year compared to the previous year's surge driven by volatility. Despite the drop, the market maker still managed to generate $2.73 billion in revenue in the first

There are more players in the NBA making $30M+ per year, than there are CEOs of S&P500 companies who make the same amount

There are more players in the NBA making $30M+ per year, than there are CEOs of S&P500 companies who make the same amount, per WSJ. Meanwhile, Economic Policy Institution reported that CEO's average pay rose by 11% from 2020 to 2021. The increase means the average

Housing has become so unaffordable that over 75% of homes on the market are too expensive for middle-income buyers

A recent report from the National Association of Realtors and Realtor.com highlights the alarming state of the US housing market, where more than 75% of homes available are beyond the reach of middle-class buyers. The primary cause of this affordability crisis is the scarcity of housing supply, which

China is secretly sending enough gear to Russia to equip an army

Customs records obtained by POLITICO reveal that Russian buyers have placed orders for hundreds of thousands of bulletproof vests and helmets manufactured by Shanghai H Win. The items listed in the documents match those found in the company's online catalog. This evidence indicates that China, despite publicly advocating

Messi wins on debut to MLS

Lionel Messi's highly anticipated debut with Inter Miami CF exceeded all expectations. In the closing moments of the 2023 Leagues Cup first game, Messi earned a free kick just outside the box. With his renowned left foot, he executed the shot flawlessly, securing a game-winning goal in

Barbenheimer' opening weekend could top $200 million

Dubbed "Barbenheimer," the simultaneous release of the highly anticipated films "Barbie" and "Oppenheimer" has sparked a cultural sensation, with moviegoers planning double-feature trips to cinemas. Erik Davis, the managing director at Fandango, describes this weekend as an instant pop culture phenomenon and the

A record number of American renters are spending at least one-third of their income on rents

The State of the Nation's Housing 2023, a report published by Harvard's Joint Center for Housing Studies, reveals that a record number of American renters are facing significant financial burdens due to rising rents. A staggering 21.6 million households, equivalent to a substantial portion of

Property values could decline by $800 billion across nine major U.S. cities over the next seven years

According to a report by the McKinsey Global Institute, there is a forecast that office property values in nine major U.S. cities could potentially decrease by $800 billion over the next seven years. The prediction is based on a "moderate" scenario, in which the demand for office

For the first time in history this year, the rejection rate of auto loans exceeded the application rate

A recent Federal Reserve survey indicates that Americans are facing a growing likelihood of credit application rejections due to a combination of high interest rates and a cautious approach by lenders in the country. The survey reveals that the rejection rate for loan applicants surged to 21.8% during the

FTX lobbyist, Gabe Bankman-Fried, SBF’s brother, tried to buy the Pacific island of Nauru to create a new superspecies of genetically enhanced human species

According to a recent lawsuit, FTX, a crypto exchange, expressed an interest in acquiring the Pacific island nation of Nauru to construct a secure bunker in case of an apocalyptic event. The lawsuit was filed against FTX's founders, including Sam Bankman-Fried, with the exchange seeking $1 billion,

New York is paying $13 million to protestors arrested during George Floyd protests, with each getting $9,950 to more than 1,300 protesters between May 28 and June 4, 2020.

Attorneys representing the plaintiffs have announced that the city of New York will pay $13 million to hundreds of individuals who were arrested during the George Floyd demonstrations in 2020. This settlement is reported to be the largest ever awarded to protesters in the United States. The protests occurred in

Twitter to subpoena Senator Elizabeth Warren over communications with U.S. agencies

In a recent court filing, Twitter revealed its intention to subpoena Senator Elizabeth Warren as part of its ongoing legal battle to terminate a consent order with the Federal Trade Commission (FTC) related to data breaches. The social media platform, under the leadership of Elon Musk, has undergone significant cost-

An inquiry into the collapse of Credit Suisse, $CS, will remain closed for 50 years, per Reuters.

Credit Suisse investigation files to remain closed for 50 years triggering Swiss historian concerns A parliamentary committee document revealed that Credit Suisse's investigation files will remain closed for 50 years. Swiss historians have started to voice concerns regarding this decision despite it being made to ensure the highest

Auto loan rejection rates reach highest since 2013 according to latest NY Fed survey

Auto loan rejection rates reach highest since 2013 according to latest NY Fed survey Per Reuters A new survey by the New York Feds finds that auto loan rejection rates have reached a new high since 2013. With more application rejections, this results in more Americans struggling to get a

Bank of America’s Michael Hartnett says stocks are headed for a “big collapse”

Bank of America’s Michael Hartnett says stocks are headed for a “big collapse” Per Go Banking Rates Bank of America’s chief investment strategist, Michael Hartnett, has given his thoughts regarding the stock market, saying he sees a “big collapse” coming. He did note that the market would still

Mexico has overtaken China as America's top trading partner

This year, Mexico has taken over China's position as the leading trading partner of the United States, marking a significant change in the global economic landscape. This shift signifies a departure from the previous focus on low prices and efficiency, which often relied on fragile supply chains, to

In 2021, at a 30-year average fix rate of 2.96%, a total cost of a $400,000 mortgage would cost $604,180. At the current 7.7%, it would cost $1,027,529.

Two weeks ago, mortgage rates have surged, with the average rate for a 30-year fixed mortgage reaching 7.22%, the highest since early November. This increase is partly due to the rise in the yield on the 10-year Treasury, driven by a robust employment report from ADP. Federal