On Friday, stocks for both the Federal Home Loan Mortgage Corporation (FMCC) and the Federal National Mortgage Association (FNMA), commonly known as Fannie Mae, saw impressive gains, with FMCC rising nearly 23% and FNMA increasing by 23.5%. These significant stock...
This summer, the U.S. housing market reached new heights, with home prices climbing to an all-time high. According to recent data released on Tuesday, the three-month running average ending in June showed national home prices were 5.4% higher compared to June 2023....
Vice President Kamala Harris has unveiled a bold new housing proposal aimed at addressing the nation's affordability crisis. The plan, which seeks to spur the construction of 3 million new houses over the next four years, is designed to increase both rental and...
In the realm of tax policy, Vice President Kamala Harris has recently introduced, or re-introduced, a proposal aimed at providing relief to workers who rely heavily on tips. This initiative follows a similar concept initially proposed by former President Donald Trump...
As the retirement age approaches, many are facing a sobering reality: financial preparedness for retirement is alarmingly low. Recent data reveals that only 1 in 5 people nearing retirement are financially ready, highlighting a significant gap between expectations and...
As the Federal Reserve prepares for its annual economic symposium in Jackson Hole, Wyoming next week, financial markets and economists are abuzz with speculation about potential federal rate cuts. The symposium, renowned for shaping monetary policy and economic...
When mortgage rates drop, it can have several implications for potential homeowners. Here are some key points to consider: Lower Monthly Payments: One of the most direct effects is that lower mortgage rates generally result in lower monthly mortgage payments. This can...
The long-term effects of continued use of man-made drugs, often referred to as synthetic drugs or designer drugs, can vary widely depending on the specific substance in question. These drugs are typically created to mimic the effects of controlled substances like...
Retirement is a phase in life that many of us look forward to, but it's one that requires careful planning and financial foresight. While retirement may seem distant when you're young, it's never too early to start saving for this significant life milestone. In fact,...
Life insurance is a crucial financial tool that provides peace of mind and financial security to your loved ones in case of your untimely demise. Choosing the right life insurance policy is a significant decision that requires careful consideration of your financial...
Rocket Lab (Nasdaq: RKLB), a global leader in launch services and space systems, saw its stock jump 28% in Tuesday’s trading following a significant announcement regarding a new agreement with NASA. The space company revealed that it will provide Neutron launch...
Tempus AI, Inc. (NASDAQ: TEM), a leader in AI-driven precision medicine, saw its stock soar 35% in mid-day trading on Tuesday after announcing the national launch of Olivia, an AI-powered personal health concierge app. The app is designed to empower patients by...
On Friday, stocks for both the Federal Home Loan Mortgage Corporation (FMCC) and the Federal National Mortgage Association (FNMA), commonly known as Fannie Mae, saw impressive gains, with FMCC rising nearly 23% and FNMA increasing by 23.5%. These significant stock...