Mortgage rates have confounded house hunters this year by steadily ticking higher. That trend is likely to continue, according to economists, with some predicting rates will climb back above 7%. “We’re effectively there,” Mark Zandi, chief economist at Moody’s Analytics, told CBS News. “And rates could easily go over.” The average rate for a 30-year…
Washington — Florida state Rep. Angie Nixon, a democratic socialist candidate who pulled off an upset victory over a more moderate opponent to win the Democratic nomination in the Florida Senate race, said on Wednesday that “it’s not about labels.” “It’s not necessarily a socialist message or a progressive message,” Nixon said on “CBS Mornings.”…
Washington — GOP Sen. Ashley Moody and Democratic state Rep. Angie Nixon will face off in November after winning their primaries for U.S. Senate on Tuesday night, The Associated Press projects. Moody defeated a handful of lesser-known Republicans to secure the GOP nomination Tuesday as she fights to hold onto the seat she was appointed…
Three states are holding primaries on Tuesday, with Florida deciding its nominees for both governor and for Senate. In Alaska, Sen. Dan Sullivan is facing several competitors — including one who shares his name — in the nonpartisan top-four primary. Floridians will also be voting in primaries in new congressional districts after GOP Gov. Ron…
Inflation eased for the second consecutive month, rising at a 3.4% annual pace in July, in line with economists’ expectations and a signal that some price pressures may be easing. By the numbers Economists polled by the financial data firm FactSet predicted July inflation rose at an annual rate of 3.4%. Oil prices surged in…
The Federal Reserve said on Wednesday that it is leaving its benchmark interest rate unchanged, a sign policymakers expect inflation to ebb despite higher energy costs due to the war in Iran. This marks the fifth consecutive time the central bank has held rates steady this year. The last time Fed officials voted to change…
Florida on Tuesday became the first state in nearly a decade to carry out two executions in a single day, putting to death an 80-year-old man who was the second-oldest inmate known to receive a lethal injection in modern U.S. history. Hours earlier, the state executed a former police officer convicted of the killing of a…
