
US sees RECORD drop in house sales as purchases plummet 23% and listings plunge 22% amid skyrocketing mortgage rates and crippling inflation
September house sales fell to their lowest level on record, new data has shown, as mortgage rates hit a 20-year high and inflation bites into …
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How to Get a 3% Mortgage Rate in a 7% World
Assumable loans allow home sellers to transfer the more attractive rate they secured in the past to buyers. Wall Street Journal reporter Ben Eisen joins host J.R. Whalen to explain how they work, as well as the pros and cons. Illustration: Alexandra Citrin-Safadi; Photo: Mario Tama/Getty Images
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For more than 100 years after slavery’s end, white people maintained a legal system in the South that barred Black people from voting or holding office, held down their wages with the threat of the chain gang, and constantly reinforced their inferior status through violence and humiliating acts of …
HSBC allows mortgage and loan payments in cryptocurrencies
In a significant step towards broader cryptocurrency acceptance, British banking giant HSBC, in collaboration with blockchain payment system FCF Pay, …
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Tim Farron booed by Lib Dem members at party conference
Tim Farron was booed by audience members at the Lib Dem conference during a heated debate over housing. The row centres around the party replacing its pledge to build 380,000 new homes a year with a new social housing commitment. In his speech, the former Lib Dem leader criticised what he called “vague” housing targets, arguing that they benefit housing developers rather than people trying to get on to the housing ladder. As he called the amendment to the party’s housing pledge “unintentionally Thatcherite”, he was met with a chorus of boos from members of his own party.
Dow tumbles nearly 400 points, notching biggest one-day drop since March
New York CNN — Stocks tumbled Tuesday after a slew of economic data stoked fears about the US economy’s cloudy outlook and further interest rate hikes from the Federal Reserve. The benchmark S&P 500 index slid 1.5%, logging its lowest close since June. The Dow Jones Industrial Average fell 388 points, …
Why India is bucking the global slowdown trend
Economic growth - firming, not stalling In the second quarter, India recorded a growth rate of 7.8% YoY, which was a marked increase over the 6.1% …