Trump nominated Jerome Powell to lead the Federal Reserve in 2017, then quickly turned on him. Drew Angerer/Getty Images Angered about interest rates, President Trump lashed out at Federal Reserve Chairman Jerome Powell Thursday, saying the central banker’s “termination cannot come fast enough!” Most presidents try to maintain distance from the Fed, whose leaders pride
A ‘For Sale’ sign is posted in front of a home for sale on March 5, 2025, in Pasadena, Calif. Credit – Mario Tama—Getty Images Last week, after President Donald Trump’s introduction of his “Liberation Day” tariffs, the global and U.S. stock markets took a major hit, as Wall Street slumped and the U.S. dollar
On its face, it’s a simple solution to a simple problem — many people are struggling to get home loans big enough to afford a property, so why not relax the rules around how much people can borrow? That’s what the Coalition is proposing to do, should it win the federal election on May 3.
Tesla trade-ins hit record high amid Elon Musk controversy Tesla trade-ins have reportedly hit a record high amid a brand crisis linked in part to CEO Elon Musk’s involvement in the Trump administration. According to the Washington Post, Teslas made up 0.4% of all vehicles traded at traditional dealerships a year ago. That figure doubled
Land is an asset that most people want to own. But with land costs soaring across the country, buying residential plots has become a tough task, especially in the metros and tier-1 cities. With land purchase loans, you can buy residential plots without stretching your finances too much. A land purchase loan has a lot
The base rate influences what you’re charged to borrow money – for example, if you have a mortgage or loan – as well as the return you get on your savings 12:00, 20 Mar 2025Updated 13:00, 20 Mar 2025 Bank of England has holds interest rates at 4.5% The base rate has been held at
The average rate on a 30-year mortgage in the U.S. edged higher last week, ending a seven-week slide that helped ease borrowing costs for home shoppers leading into the spring homebuying season. The rate averaged 6.65% this week, up from 6.63% last week, mortgage buyer Freddie Mac said. A year ago, it averaged 6.74%. Borrowing
Mortgage rates have fallen in seven of the last eight weeks. The downward-trending graph for interest on new home loans has got to be at least a little encouraging for buyers and sellers heading into spring. This week, the average 30-year fixed-rate mortgage did edge up marginally to 6.65%, according to Freddie Mac. Still, that’s