The average 30-year, fixed-rate mortgage has steadily risen in recent weeks, compounding affordability challenges for many Americans.
Category: Cost of Living and Affordability
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Mortgage Rates Hover at 7.4%, Highest Since 2023
The New York Times – Business: -
Rising Costs Push Necessities Out of Reach for Nearly Half of Americans
The New York Times – Business:Inflation has made basic goods hard to afford and attitudes toward inequality have changed, studies from the Pew Research Center showed.
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Highest Mortgage Rates in 3 Years Chills the Housing Market
The New York Times – Business:The average 30-year fixed-rate mortgage rose to 7.4 percent, putting more pressure on Americans struggling to afford to buy a home.
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California Lawmakers Pass Plug-In Solar Bill
The New York Times – Business:Legislatures in nearly a dozen states have voted to legalize use of the technology, which can help homeowners reduce their rising electricity costs.
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Jeffries and Kushner Meet Privately as Midterm Attacks Fly
The New York Times – On the Runway:President Trump’s son-in-law and the man in line to be speaker of a Democratic-led House discussed how Democrats and the administration could work together.
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Republicans Are Trying to Hide These Health Care Cuts
The New York Times – On the Runway:Republicans are taking deliberate steps to make health care less affordable.
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In San Francisco’s A.I. Era, Even $180,000 Tech Salaries Are No Longer Enough
The New York Times – Business:As OpenAI and Anthropic prepare to go public, tech workers making six figures are grousing that they cannot compete with the new A.I. elite. Some doubt they can afford to stay.
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TrumpRx Adds Generic Drugs, With Mark Cuban, GoodRx and Amazon
The New York Times – Business:President Trump announced the addition of 600 medicines to his online drugstore as he appeals to Americans concerned about high drug prices and affordability.
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The Return for These Investors Isn’t Money, It’s More Affordable Housing
The New York Times – Business:Local governments are trying to create housing that is permanently affordable by investing directly in construction. They are rewriting how housing programs have traditionally operated.
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These Countries Embrace E.V.s to Avoid Oil Price Shocks
The New York Times – Business:People in Costa Rica and other Latin American, Asian and African countries are increasingly buying electric vehicles to avoid spiking fuel prices.