Editorial News

Nov 10 (Reuters) – The overall ​level of troubled borrowing in the US economy rose modestly in the third quarter but did not ‌appear to signal a notable deterioration in credit quality, a report from the Federal Reserve Bank of…

Today, the U.S. Department of Education (the Department) extended the enrollment period for the 1 percent interest rate reduction benefit by an additional three months. Borrowers who enroll in auto pay by December 31, 2026, or those who are already…

Trying to pin down Kevin Warsh as a hawk or a dove has been tricky with his statements and actions puzzling Wall Street. As President Donald Trump’s hand-picked Federal Reserve chairman, Warsh was expected to lean toward looser monetary policy.…

The average long-term U.S. mortgage rate declined for the second straight week, falling to its lowest level in more than a month WASHINGTON (AP) — The average long-term U.S. mortgage rate declined for the second straight week, falling to its…

The dollar held near an 18-month high on Monday, supported by safe-haven demand as an escalating Middle East conflict kept investors cautious ahead of key US inflation ​data later this week. Oil prices were ​volatile after Yemen’s Iran-backed Houthis stepped ​up strikes on Saudi Arabia, and two…

Mortgage rates in the United States have hit their highest level in nearly three years, as cost-of-living concerns weigh on Americans less than a month before the midterm elections. The average cost for a 30-year fixed-rate mortgage jumped 19 basis…

The recent jump in Treasury yields has highlighted how vulnerable the U.S. debt outlook is to the bond market, which Scope Ratings flagged in a new report. On Friday, the Europe-based credit ratings agency maintained the U.S. sovereign score at…

Fast-rising interest rates are taking their toll on mortgage demand, as both potential homebuyers and current homeowners head to the sidelines. Total mortgage application volume dropped 4.1% last week compared with the previous week, according to the Mortgage Bankers Association’s…

Scott Bessent made announcement on Wednesday as bond yields rose to highest point since 2008 financial crisis The US treasury moved to cut the cost of borrowing on Wednesday only to be swiftly rebuffed by the bond market. Scott Bessent,…

The US economy is staring down the barrel of $40 trillion in debt, bond yields on the cusp of a 19-year high and a costly war driving inflation higher. The Trump administration has a novel solution: We’ll just grow our…