Janna Herron USA TODAY Published 1:47 PM EDT Oct 10, 2018 Buying a home just got a bit more expensive. Rates on the most common mortgage topped 5 percent for the first time since February 2011, making it even harder for buyers to get an affordable house. The average rate on the 30-year fixed-rate home loan – the most popular mortgages for purchases – increased to 5.05 percent last week, up from 4.96 the previous week and 4.16 percent a year earlier, according to the Mortgage Bankers Association. Rates on other types of home loans – jumbo, FHA, 15-year and 5/1 adjustable-rate – all hit multi-year highs. The steadily rising 30-year rate also has cooled the appetite from borrowers. The volume of purchase applications slid 1 percent last week from the previous one, while the number of refinance applications sank 3 percent, according to the MBA. “Up until two weeks ago, I was quite busy," said Scott Sheldon, branch manager of New American … [Read more...] about Mortgage rates on 30-year home loan hit 5 percent
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LOS ANGELES - In a drab office building across from a used-car lot in the San Fernando Valley, the host of the nation's most popular conservative podcast was preparing to interpret reality for his listeners. "These are one of those days where you think, 'Maybe I should've gone on Wall Street,' " joked Ben Shapiro, glaring at a torrent of tweets on his laptop in a cramped, windowless studio. "This news cycle is - " " - the wildest thing since Trump winning," said Jon Favreau. The former speechwriter for Barack Obama was just a few miles away from Shapiro, in an airy, sunlit Hollywood office, as he, too, processed the day's news into analysis and talking points for his own podcast listeners, on the liberal end of the spectrum. It was Thursday, Sept. 27, and 2,500 miles away, Washington was stricken by the unprecedented spectacle of a Supreme Court nominee answering to a decades-old allegation of attempted rape. Sen. Lindsey Graham, R-S.C., was on the flat-screen TVs in Los Angeles, … [Read more...] about Battle of the earbuds: Dueling podcasts outgrow new-media platform and head for TV
MOST of us would do everything in our power to avoid smelling another person's BO. But for some people, smelling armpits is all in a day's work. More and more people are signing up to be professional armpit smellers - employed by fragrance and cosmetics companies to test the effectiveness of perfumes and deodorants. But, unbelievably, it's not the the most bizarre job on the planet. Last month a university in California put a call out for anyone who wanted to earn money by eating avocados for three months to see if it aided weight loss. They were inundated with applications and while only 250 people managed to snag a place on the 3-month long trial, those who missed out need not worry, because there’s plenty of other unbelievable jobs that you can earn money for - most of which don’t require any previous training. Meet the professional train pushers of Tokyo From cuddling people for money to mourning the deaths of strangers' on a day-to-day basis, there's a whole glut … [Read more...] about Earn £45-a-day attending strangers’ funerals, make £50k tasting dog food…or work as a professional ARMPIT SMELLER – the weirdest jobs in the world and how you can apply for them
Michael B. Sauter, Samuel Stebbins and Evan Comen 24/7 Wall Street Published 12:13 p.m. UTC Aug 27, 2018 By several measures, the national economy is the strongest it has been in decades. The U.S. monthly unemployment rate now sits comfortably below 4%, and we are in the second longest period of GDP growth since World War II. In most states, unemployment has improved in recent years as well, but that is not to say every state economy is equally healthy. Some states are experiencing an economic boom, while others continue to struggle with job losses, poor GDP growth, and poverty. Economic vitality is as much about growth as it is about a state's ability to support its population -- with jobs, education, and economic opportunities. In turn, employed, better-paid, and better-educated residents contribute to economic growth. 24/7 Wall Street reviewed economic growth, poverty, unemployment, job growth, and college attainment rates to compare and rank state economies. The best … [Read more...] about Which state tops list for having the best and worst economies?
Known as the ‘Brains Behind the Banking Union’ Wieser is also a former President of the Economic and Financial Committee of the European Union. The US-born Austrian economist sat down with GLOBSEC to discuss current developments in the European Union and the bloc’s economic world, as well as about Slovakia’s experience in the EU, the Banking Union, and the future of Europe. As GLOBSEC is based in Slovakia, we would like to kick off with a question related to the country in the Eurozone. When it joined the Eurozone in 2009, there were many promised benefits. Which of these materialised? Back then, was it a good idea for Slovakia to join the Eurozone? Let me first say that I think Slovakia has been one of the huge economic success stories of the new Member States. I remember going to Slovakia in the early 1990s…20-25 years later, the differences are mind-blowing. Things have improved tremendously. I think membership in the European … [Read more...] about Interview with former Eurogroup President Thomas Wieser: