Mortgage Rates Drop to 6.19%, Marking Lowest Level in Over a Year
The average rate on a 30-year mortgage has decreased to 6.19%, according to data released by Freddie Mac this week. This marks the lowest level for mortgage rates in more…
Barr Calls for Stronger Oversight in GENIUS Act Implementation
Federal Reserve Governor Michael Barr has expressed concerns regarding the newly enacted GENIUS Act, highlighting significant “gaps” in the legislation that could impact the stability of stablecoins. Speaking at DC…
Trump Rival Letitia James Indicted as Mortgage Fraud Investigations Surge
UPDATE: In a shocking turn of events, New York Attorney General Letitia James has been indicted on October 9, 2025, facing two criminal counts related to mortgage fraud. This development…
Moody’s Shares Slide Amid AI Sector Competition Concerns
Moody’s Corporation (NYSE:MCO) experienced a decline in its stock value during the third quarter of 2025, attributed to increasing competition in the artificial intelligence (AI) sector. The firm’s shares closed…
Gold Prices Surge to Record Highs as Dollar Weakens
Gold prices reached record highs on September 29, 2023, driven by a weakening dollar and rising expectations of US interest rate cuts before the end of the year. This surge…
Wall Street Faces Third Consecutive Loss as Economic Data Pressures Markets
Wall Street experienced its longest losing streak in over a month, with major U.S. stock indexes recording declines for the third consecutive day. On March 14, 2024, the S&P 500…
U.S. 30-Year Mortgage Rate Rises to 6.3% After Four-Week Decline
The average rate on a 30-year mortgage in the United States increased this week, concluding a four-week decline that had brought borrowing costs to their lowest point in nearly a…
Federal Reserve Cuts Rates: What Savers Need to Know Now
The Federal Reserve has made a significant move by reducing the federal funds rate by 0.25 percentage points, establishing a new target range of 4.00% to 4.25%. This decision, anticipated…
Al Dhabi Capital’s Rashmi Garg Discusses Global Interest Rates
Rashmi Garg, Chief Investment Officer at Al Dhabi Capital, recently shared her insights on the current state of global interest rates during a live broadcast. The discussion, which took place…
Trump Appeals to Supreme Court to Block Reinstatement of Cook
President Donald Trump has formally requested the Supreme Court to intervene and block a lower court’s order that reinstated Lisa Cook as a member of the Federal Reserve. Trump removed…