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‘Something big’ just happened in the US housing market, says real estate CEO. And it could mean the difference between being able to buy a house or not

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‘Something big’ just happened in the US housing market, says real estate CEO. And it could mean the difference between being able to buy a house or not

During the post-pandemic housing market, homebuyers enjoyed sub-3% rates, leading to a wave of home buying among younger generations. But over the next few years, the American dream crumbled as mortgage rates and home prices rose, and inflation and wage stagnation set in. This meant that more US homeowners had mortgage rates below 3% compared … Read more

Is it reckless to cancel my homeowner’s insurance? I can’t justify $4,000 a year anymore.

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Is it reckless to cancel my homeowner’s insurance? I can’t justify ,000 a year anymore.

“My deductible is $5,000.” (The subject of the photo is a model.) – Getty Images/iStockphoto This is a short question, but an important one: Is it terribly reckless to cancel your homeowner’s insurance? I’m not sure I can justify another $4,000 a year. (I don’t have a mortgage.) My deductible is $5,000. Homeowner Related: Your … Read more

Offshore wind developer prevails in court as Trump says US ‘will not approve any windmills’

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Offshore wind developer prevails in court as Trump says US ‘will not approve any windmills’

A federal judge ruled Monday that work on a large offshore wind farm off Rhode Island and Connecticut can resume, giving the industry at least a temporary victory as President Donald Trump tries to shut it down. In the U.S. District Court for the District of Columbia, Chief Judge Royce Lamberth said the government had … Read more

Drone-killing buggy armed with hellfire appears in Ukrainian service

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Drone-killing buggy armed with hellfire appears in Ukrainian service

The Ukrainian Armed Forces use the US-made V2X Tempest, a high-mobility vehicle with an AGM-114 Hellfire missile launcher that is optimized for the unmanned aerial systems (C-UAS) role. Mounting Hellfires on a high-mobility vehicle offers a new way to use these weapons unpredictably, not only against drone threats, but potentially other aerial targets as well. … Read more

The ICE agent who killed Renee Good ignored traffic stop rules

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The ICE agent who killed Renee Good ignored traffic stop rules

During a controversial interview with CNN’s Jake Tapper on Sunday, Homeland Security Secretary Kristi Noem reiterated her claim that Renee Good, the woman who was fatally shot by an immigration agent in Minneapolis last Wednesday, was involved in “domestic terrorism” because she “armed her vehicle to commit an act of violence against a law enforcement … Read more

Why Is Trump’s Justice Department Investigating Fed Chair Jerome Powell?

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Why Is Trump’s Justice Department Investigating Fed Chair Jerome Powell?

The US Department of Justice has opened a criminal investigation into Federal Reserve Chairman Jerome Powell as Donald Trump’s White House steps up its campaign against central bank independence. In a video posted on Sunday, a usually reticent Powell took the extraordinary step of calling off the probe as punishment for failing to set interest … Read more

Look for lenders that offer rates below 6%.

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Look for lenders that offer rates below 6%.

Mortgage rates average below 6%, and some lenders offer home loans in the mid-5% range. According to Zillow data, the 30-year fixed mortgage rate is 5.91%and the 15-year fixed rate is 5.36%. Here are the current mortgage rates, according to the latest Zillow data: 30 years fixed: 5.91% 20 years fixed: 5.83% 15 years fixed: … Read more

Wiretaps catch Colombian cocaine ring discussing Venezuelan military’s ‘Sun Cartel’

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Wiretaps catch Colombian cocaine ring discussing Venezuelan military’s ‘Sun Cartel’

The broker told his client that he had a relative in the “little red party” with connections to the “famous suns” who, for an upfront fee, would guarantee the safe passage of the container of cocaine onto the ship docked in the Venezuelan port. The cocaine – a 32 kilogram shipment hidden inside two electrical … Read more

Ex-Fed chairmen condemn Trump’s attempt to weaken the central bank’s independence

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Ex-Fed chairmen condemn Trump’s attempt to weaken the central bank’s independence

Every living former head of the Federal Reserve condemned an “unprecedented” attempt by the Trump administration to weaken the independence of the US central bank after the Justice Department opened a criminal investigation into its chairman, Jerome Powell. Former Fed chairman Alan Greenspan, Ben Bernanke and Janet Yellen warned that similar attacks in other countries … Read more

The hidden cost of war with Venezuela: Florida gets the bill

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The hidden cost of war with Venezuela: Florida gets the bill

For years, whenever Washington talked about a “military option” against Venezuela, the talk was usually limited to the language of foreign policy, deterrence or “regime change.” What was almost never said was that, should such a confrontation begin, its main consequences would be felt not in Caracas, but inside the United States – and more … Read more