-- The Federal Reserve’s expected rate cuts this week won’t provide much relief to homebuyers facing high borrowing costs, according to Gary Cohn, who served as chief economic adviser to former President Donald Trump.The Hague Is World’s First City to Ban Oil and Air Travel Ads
Measures of inflation have cooled, but home prices are still more than many Americans can afford, especially with high borrowing costs. The average for a 30-year, fixed loan is currently 6.2%, down from 6.35% a week earlier, according the most recent Freddie Mac data. A New York Fed report released last month showed that the share of auto-loan balances and credit-card debt becoming newly delinquent were the highest in at least a decade.The Vegas Sphere’s First Live Sporting Event Will Be an Expensive OneMidults Q&A: Do you need advice on a relationship dilemma?