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Mortgage rates rose to the highest level since November 2023, mortgage buyer Freddie Mac said Thursday.Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage rose to 7.28% from last week's reading of 7.03%.The average rate on a 30-year loan was 6.34% a year ago. Thursday's figure is the highest since Nov. 22, 2023, when the average rate on the 30-year […]

The Federal Reserve's costly renovation project will have a new manager as Fed Chair Kevin Warsh has tasked the General Services Administration (GSA) with managing the completion of the project.On Wednesday, the Fed's Office of Inspector General released a report which found that while there was no administrative misconduct in the management of the more than $2 billion project, mistakes were made that have contributed to significant cost overruns and […]

President Donald Trump praised Boeing and its 737 MAX after a FlyDubai jet survived a dramatic plunge during an apparent attempt to crash the Israel-bound aircraft with more than 170 people aboard.Trump congratulated the U.S. aerospace giant Thursday, singling out the aircraft's ability to withstand the extreme forces it encountered during the midair emergency."Congratulations to the GREAT Boeing Company for producing a plane, the 737 Max, that was able to […]