Tag: Mortgages

How to Back Up All Your Data and Important Documents

In recent weeks, Elon Musk and his aides have gained access to many federal agencies’ systems and unknown amounts of data. Many readers have written in to share their fears that the agencies — and the personal data they possess on hundreds of millions of taxpayers — are now vulnerable. When people tinker with vital […]

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Existing-Home Sales in 2024 Were Slowest in Decades Amid High Mortgage Rates

High interest rates kept U.S. home sales in a deep freeze for much of last year. It could be a while before the market experiences much of a thaw. Americans bought just over four million previously owned homes last year, the National Association of Realtors said on Friday. That was the fewest since 1995 and […]

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What Republicans Could Cut to Pay for Trump’s Tax Cuts: Medicaid and More

Top Republicans are passing around an extensive menu of ideas to cover the cost of a massive tax cut and immigration crackdown bill. They could create a 10 percent tariff on all imports, bringing in an estimated $1.9 trillion. They could establish new work requirements for Medicaid recipients, bringing in $100 billion in savings. They […]

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30-Year Mortgage Rate Rises Above 7% for First Time Since May

The average rate on 30-year fixed-rate mortgages surpassed 7 percent for the first time since May, Freddie Mac reported on Thursday, extending a weekslong climb that could push more buyers and sellers to the sidelines. The rate on the 30-year mortgage, the most popular home loan in the United States, jumped to 7.04 percent this […]

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30-Year Mortgage Rate Climbs to 6.93%, the Highest Since July

There was a moment in late September when mortgage rates, after a monthslong decline, appeared poised to drop low enough to bring would-be buyers and sellers off the sidelines. But that window has closed, at least for now. The average rate on the 30-year mortgage, the most popular home loan in the United States, rose […]

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