Mortgage Rates Surge to Near 7%, Plunging Demand
During the two weeks ending December 27, 2024, total mortgage application volume plummeted 21.9% due to a rise in the average contract interest rate for 30-year fixed-rate mortgages to 6.97%, impacting both purchase and refinance applications significantly, particularly given the typical seasonal sl...
Mortgage Rates Surge to Near 7%, Plunging Demand
During the two weeks ending December 27, 2024, total mortgage application volume plummeted 21.9% due to a rise in the average contract interest rate for 30-year fixed-rate mortgages to 6.97%, impacting both purchase and refinance applications significantly, particularly given the typical seasonal sl...
Progress
36% Bias Score
U.S. Home Equity Growth Slows in 2025 Despite Record Highs
U.S. homeowners enjoyed a $425 billion home equity surge (2.5% YoY) from Q3 2023 to Q3 2024, driven by high home prices and low inventory; however, experts predict slower growth in 2025 due to increased inventory and regional variations.
U.S. Home Equity Growth Slows in 2025 Despite Record Highs
U.S. homeowners enjoyed a $425 billion home equity surge (2.5% YoY) from Q3 2023 to Q3 2024, driven by high home prices and low inventory; however, experts predict slower growth in 2025 due to increased inventory and regional variations.
Progress
48% Bias Score
U.S. Stock Market Soars in 2024 Amidst Economic Uncertainty
The U.S. stock market soared in 2024, with the S&P 500 up over 23%, driven by a healthy economy, falling inflation, and the AI boom; however, concerns remain about the long-term effects of President-elect Trump's policies.
U.S. Stock Market Soars in 2024 Amidst Economic Uncertainty
The U.S. stock market soared in 2024, with the S&P 500 up over 23%, driven by a healthy economy, falling inflation, and the AI boom; however, concerns remain about the long-term effects of President-elect Trump's policies.
Progress
44% Bias Score
2025 Housing Market Outlook: High Rates, High Prices, and Limited Movement
Economists predict a 6.8% average 30-year mortgage rate in 2025 due to inflation from Trump's tax cuts and tariffs, resulting in high housing prices and limited market movement despite increased production and efforts to deregulate.
2025 Housing Market Outlook: High Rates, High Prices, and Limited Movement
Economists predict a 6.8% average 30-year mortgage rate in 2025 due to inflation from Trump's tax cuts and tariffs, resulting in high housing prices and limited market movement despite increased production and efforts to deregulate.
Progress
48% Bias Score
US Market Boom Fuels Wave of European Acquisitions
In 2024, the US experienced robust economic growth and market performance, contrasting sharply with Europe's mediocre growth. This disparity has fueled a surge in US acquisitions of European companies, driven by valuation gaps, currency exchange rates, and anticipated US antitrust deregulation.
US Market Boom Fuels Wave of European Acquisitions
In 2024, the US experienced robust economic growth and market performance, contrasting sharply with Europe's mediocre growth. This disparity has fueled a surge in US acquisitions of European companies, driven by valuation gaps, currency exchange rates, and anticipated US antitrust deregulation.
Progress
56% Bias Score
Soaring Credit Card Defaults Signal U.S. Economic Vulnerability
U.S. credit card defaults reached a 14-year high in the first nine months of 2024, with $46 billion in write-offs—a 50% increase from 2023—raising concerns about the economy's stability and highlighting the disproportionate impact on low-income households.
Soaring Credit Card Defaults Signal U.S. Economic Vulnerability
U.S. credit card defaults reached a 14-year high in the first nine months of 2024, with $46 billion in write-offs—a 50% increase from 2023—raising concerns about the economy's stability and highlighting the disproportionate impact on low-income households.
Progress
44% Bias Score
US Jobless Claims Hit Eight-Month Low Amidst Economic Resilience
Initial US jobless claims dropped to a eight-month low of 211,000 last week, signaling a robust labor market and influencing the Federal Reserve's decision to reduce interest rate cuts; however, challenges remain with some workers facing prolonged unemployment and construction spending showing mixed...
US Jobless Claims Hit Eight-Month Low Amidst Economic Resilience
Initial US jobless claims dropped to a eight-month low of 211,000 last week, signaling a robust labor market and influencing the Federal Reserve's decision to reduce interest rate cuts; however, challenges remain with some workers facing prolonged unemployment and construction spending showing mixed...
Progress
36% Bias Score
Mortgage Rates Hit Six-Month High at Nearly 7%, Hampering Housing Market
Thirty-year fixed-rate mortgages averaged nearly 7% the week ending January 2, 2025, the highest level in six months, driven by rising 10-year Treasury yields despite recent Fed rate cuts, leading to decreased mortgage applications and persistent affordability challenges.
Mortgage Rates Hit Six-Month High at Nearly 7%, Hampering Housing Market
Thirty-year fixed-rate mortgages averaged nearly 7% the week ending January 2, 2025, the highest level in six months, driven by rising 10-year Treasury yields despite recent Fed rate cuts, leading to decreased mortgage applications and persistent affordability challenges.
Progress
48% Bias Score
US Economy Defies Recession in 2024, Faces Uncertainties in 2025
Despite high inflation and interest rates in 2024, the US economy defied recession predictions due to strong consumer spending, and enters 2025 with optimism tempered by potential risks from the incoming Trump administration's policies and external factors.
US Economy Defies Recession in 2024, Faces Uncertainties in 2025
Despite high inflation and interest rates in 2024, the US economy defied recession predictions due to strong consumer spending, and enters 2025 with optimism tempered by potential risks from the incoming Trump administration's policies and external factors.
Progress
48% Bias Score
US Stocks Poised for Historic Two-Year Gain
US stocks are on track for a rare feat, with the S&P 500 projected to gain over 20% in 2024 after a 24% rise in 2023, driven by cooling inflation, strong consumer spending, and the performance of tech giants like the 'Magnificent Seven'.
US Stocks Poised for Historic Two-Year Gain
US stocks are on track for a rare feat, with the S&P 500 projected to gain over 20% in 2024 after a 24% rise in 2023, driven by cooling inflation, strong consumer spending, and the performance of tech giants like the 'Magnificent Seven'.
Progress
44% Bias Score
10-Point Economic Plan Proposed for Trump Administration
A Fox News opinion piece details a 10-point economic plan for a Trump administration, focusing on deregulation, tax cuts, welfare reform, resource utilization, healthcare price transparency, school choice, merit-based immigration, urban revitalization, withdrawal from international agreements, and f...
10-Point Economic Plan Proposed for Trump Administration
A Fox News opinion piece details a 10-point economic plan for a Trump administration, focusing on deregulation, tax cuts, welfare reform, resource utilization, healthcare price transparency, school choice, merit-based immigration, urban revitalization, withdrawal from international agreements, and f...
Progress
68% Bias Score
US Housing Slump Deepens in 2024; 2025 Outlook Remains Uncertain
America's housing market experienced a deep slump in 2024, marked by record-high home prices (median $406,100 in November), low inventory, and high mortgage rates (6.85% average 30-year fixed rate last week), creating significant affordability challenges for buyers and renters.
US Housing Slump Deepens in 2024; 2025 Outlook Remains Uncertain
America's housing market experienced a deep slump in 2024, marked by record-high home prices (median $406,100 in November), low inventory, and high mortgage rates (6.85% average 30-year fixed rate last week), creating significant affordability challenges for buyers and renters.
Progress
40% Bias Score