Author: News Room

Mortgage rates dipped just under 7% this week after crossing above that threshold in the prior reading as rates remain stubbornly high, stifling the housing market. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage ticked down to 6.99% this week from 7.03% last week. The average rate on a 30-year loan was 6.71% a year ago.  The average rate on the 15-year fixed mortgage also decreased to 6.29% from 6.36% last week. One year ago, the rate on the 15-year fixed note averaged 6.07%. Read the full article here

Between half and three-quarters of older adults are diagnosed with pre-diabetes. But what does it mean? And what should you do if you get such a diagnosis? Increasingly, many experts say older patients should not overreact. A diagnosis of pre-Type 2 diabetes often produces anxiety and confusion in seniors. It can lead to unnecessary tests and medications. And, if poorly managed, treatment can lower blood sugar too much, which is more dangerous for many older adults than diabetes itself, which is high blood sugar. The important thing to remember is a diagnosis of pre-diabetes does not mean you are at…

Washington Post publisher Will Lewis is facing a PR crisis, with his own newspaper and rivals investigating his past as a senior executive at Rupert Murdoch’s media empire.It is the sort of problem that Lewis has, until recently, tried to solve for clients of his communications and consultancy firm, WJL Partners, named from his initials.Founded in 2020, WJLP has hosted dinners and other events for high- powered industry bosses, investors such as Sequoia Capital and politicians, as well as providing services such as preparing clients for media interviews, according to those familiar with its business.On its website, WJLP says it…

Today, we put Prime Medicine, Inc. (NASDAQ:PRME) in the spotlight for the first time. The stock was upgraded to a Buy at Citigroup a month ago based on valuation and the company’s pipeline. Therefore, it seemed a good time to see what this recent clinical-stage gene therapy has in development and whether the stock merits investment consideration. An analysis follows below. Seeking Alpha Prime Medicine is headquartered just outside of Boston in Cambridge, MA. The company is developing pipeline candidates using its proprietary Prime Editing platform and technology. This platform allows Prime Medicine to find the precise place in the…

Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. Borrowers with good credit seeking personal loans during the past seven days prequalified for rates that were lower for 3-year loans and higher for 5-year loans when compared to fixed-rate loans for the seven days before. For borrowers with credit scores of 720 or higher who used the Credible marketplace to…

Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. The interest rate on a 30-year fixed-rate mortgage is 6.625% as of June 7, which is unchanged from yesterday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 5.990%, which is also unchanged from yesterday. With mortgage rates changing daily, it’s a good idea to check today’s rate before applying…

Digital assets now are a major cause of problems settling and distributing estates. You need to carefully consider and incorporate your digital life in the estate plan. Almost all states enacted a form of the Uniform Fiduciary Access to Digital Assets Act, which gives an estate executor the right to manage computer files, web domains, and virtual currencies unless the will or other document specifically prohibits the access. The Uniform Electronic Estate Planning Documents Act, now making its way through state legislatures, would recognize electronic and digital signatures on wills, trusts, and other estate planning documents. Paper and ink signatures…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Rishi Sunak is on track to become the first sitting prime minister ever to lose their seat at a general election, according to a new poll released on Wednesday that predicted a catastrophic result for the Tories. Labour could win 516 MPs, which would hand Sir Keir Starmer a colossal 382-seat majority — far outstripping Tony Blair’s majority in his 1997 and 2001 landslides — the analysis by Savanta and Electoral Calculus for The Telegraph showed.It forecast the Conservatives could slump to as…

What a difference a quarter makes. Heading into Q2, the global stock market rally had been broadening nicely. Small caps were participating in the upside while non-US equities were actually beating their large-cap US counterparts. What’s more, relative strength was seen in areas away from just the Information Technology and Communication Services sectors. Niches like Financials, Industrials, and Energy were charging ahead even as odds for significant rate cuts from the Federal Reserve were erased from 2024’s monetary policy chalkboard one by one. That all changed starting around mid-April. Tax Day marked an inflection at which mega-cap tech reasserted its…

Mortgage interest rates fell this past week, but not by much. Rates for 30-year mortgages averaged just a hair under 7% at 6.99%, Freddie Mac reported in its weekly rates report. Last week’s average for 30-year fixed-rate mortgages was just over 7%. Both last week’s and this week’s rates are higher than they were this time last year when rates averaged 6.71%.”Mortgage rates retreated this week given incoming data showing slower growth,” Freddie Mac Chief Economist Sam Khater said. “Rates are just shy of seven percent, and we expect them to modestly decline over the remainder of 2024. If a…