March 15, 2025

MyNorthwest.com – Seattle news

Loans

Washington state debuts racist home loans program, furthers divide

Washington State’s new Covenant Homeownership Program has been in effect for just over a month, offering an advantage of home ownership based purely on race. It is a classic example of the misguided, feel-good policies that perpetuate division rather than solve the problems they claim to address. Indeed, this is nothing more than a racist

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Mortgage

What reduced mortgage rates mean for Washington homebuyers

There is hope for home buyers and some relief for homeowners as mortgage rates have sizably dropped from last year. Windermere Chief Economist Jeff Tucker told KIRO Newsradio on Thursday there is “some serious movement in the right direction for buyers.” According to Freddie Mac’s weekly survey of the mortgage markets, mortgage rates are seeing

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Investors

Despite sagging stocks, analysts suggest investors hold steady

A stunning Monday that started with a plunge abroad reminiscent of 1987’s crash swept around the world and pummeled Wall Street with more steep losses, as fears, for investors and others, worsened about a slowing U.S. economy. It was the first chance for traders in Tokyo to react to Friday’s report showing U.S. employers slowed

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Finance

Ex-financial TV analyst arrested for fraud in WA after being fugitive

A former CEO of two investment firms who was a financial TV analyst on a cable network’s programs and later became a fugitive after being accused of defrauding investors has been arrested, the Offices of the United States Attorneys reported Monday. James Arthur McDonald Jr., 52, was arrested last Saturday at a residence in the

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Finance

WA GOP effort to keep initiatives financial impact off ballot denied

A Washington judge ruled Friday that what have are known as “financial warning labels” must be included with initiatives on the November ballot. Republican supporters had sued to stop public investment impact disclosures from appearing on three initiatives, one that would repeal the capital gains tax (I-2109), a second that would repeal the Climate Commitment

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