By: On Thursday, Aug. 24, Freddie Mac announced that the interest rate on the 30-year fixed-rate mortgage had risen to 7.23 percent. That’s the highest rate charged to borrowers since 2001. While that number is staggeringly higher than the 2.73 percent offered when rates hit their all-time low in February of 2021, it is a…
By: Almost half of mortgage holders are borrowing more money to pay their home loans because of 10 increases in interest rates, according to the … See the full article on mortgage interest rates, or, read more Arizona real estate investing news.
By: … that would raise annualized real personal consumption expenditures and … July-to-September period, partly as a result of the spending gains. See the full article on Personal Consumption Expenditures, or, read more Arizona real estate investing news. It’s your call!
ABUJA, Nigeria (AP) — Nigeria’s statistics agency on Thursday reported the country’s unemployment rate as 4.1%, the lowest in many years, but one analysts said was an undercount because of the … ABUJA, Nigeria (AP) — Nigeria’s statistics agency on Thursday reported the country’s unemployment rate as 4.1%, the lowest in many years, but one…
By Rising trade barriers. Aging populations. A broad transition from carbon-spewing fossil fuels to renewable energy. The prevalence of such trends across the world could intensify global inflation pressures in the coming years and make it harder for the Federal Reserve and other central banks to meet their inflation targets. That concern was a theme…
Part 2 of the Star’s Q&A with Arizona AD Dave Heeke delves into the possible renovation of Arizona Stadium’s west side and the school’s handling of the Jayden de Laura situation. Deciding whether to stay in the Pac-12 Conference or pursue opportunities elsewhere took up a lot of oxygen in university meeting rooms from Tucson…
As Arizona awaits the impact of Hurricane Hilary this weekend, the Arizona Department of Transportation remains at work, releasing its short list of upcoming closures and restrictions for Valley highways.Notable closures will be seen along stretches of Interstate 17 and Loop 303.ADOT advised drivers to allow for extra time and plan alternate routes. Drivers should…
In 1939, prominent Tucson developer John Murphey received a fill-in-the-blank template from the Federal Housing Administration, outlining restrictions he should use to protect the value of what would become Broadway Village, the city’s first shopping center.One of the suggested covenants read: “No persons of any race other than the (blank) race shall occupy any building…
Maui wildfire victims can now access unemployment benefits through FEMA till September 25th. Eligible individuals can receive between $254 to $763 a week through February 10, 2024. Jade Butay, … Maui wildfire victims can now access unemployment benefits through FEMA till September 25th. Eligible individuals can receive between $254 to $763 a week through February…
By After Federal Reserve chair Jerome Powell ended the week noting the central bank is “prepared to raise rates further,” the economic calendar will bring two of the Fed’s key data points into focus in the week ahead: A labor report and an updated look at inflation.The Personal Consumption Expenditures (PCE) index, the Fed’s preferred…