Mortgage rates reversed course this week and headed north of 7% again, following several weeks of decline, according to Freddie Mac. The average 30-year fixed-rate mortgage was 7.03% for the week ending May 30, according to Freddie Mac’s latest Primary Mortgage Market Survey. That’s an increase from the previous week…

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. During…

Iran elected Masoud Pezeshkian to its presidency, in an unexpected victory for the country’s reformist camp amid deep social discontent, economic hardship, and regional war.Pezeshkian won 16.3 million votes, according to reports which cited the local authorities, with the election seeing a 49.8% turnout. His rival Saeed Jalili, a hard-line…

“We’re scared of what might happen,” Amel, 34, told CNBC ahead of the final round of voting in France’s snap election this weekend.The vote is being closely watched by all quarters of French society to see if the nationalist, anti-immigration National Rally (RN) builds on its initial win in the…

The wedding of the year is here. In less than a week, Anant Ambani, son of Indian billionaire Mukesh Ambani, will marry his girlfriend Radhika Merchant. India is no stranger to opulent weddings, but the preparations and parties for this particular union have transfixed the country. Jaw-dropping guest lists, which have…

Huge undercount of immigrants since 2022 messes up employment data in the household survey. Census Bureau needs to adopt Congressional Budget Office’s population estimates or go home. The jobs report data released today is based on two large surveys: The survey of “establishments” (employers): nonfarm jobs created (+206,000 in June),…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Reformist candidate Masoud Pezeshkian has won Iran’s presidential election after pledging to re-engage with the west to secure sanctions relief and to relax social restrictions in the Islamic republic.The former health minister…

It is not unprecedented for an incumbent president to abandon his reelection campaign. But it is rare, and no president has been pressured out of a reelection campaign out of concerns about his mental fitness. One warning bell for Democrats who assume that a nominee younger than President Joe Biden…

I’ve got good news: You’re antifragile. We, as humans, are antifragile. And our financial plans can be, too. Have you noticed how great books consistently refer to other great books? I’m currently reading Jonathan Haidt’s newest book, The Anxious Generation, specifically focused on how a couple of systemic parenting mistakes…

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…