business

Mortgage Rates Approach 7%

Mortgage rates have taken a steep climb in recent weeks, surging closer to 7% and forcing more would-be buyers back to the sidelines. The rate on the average 30-year fixed mortgage increased to 6.50% from 6.32% the week prior, according to Freddie Mac. Rates have increased 41 basis points this month

Ted Cruz Criticizes IRS' Proposed Tip Reporting Program as 'Unconscionable' Act of Cruelty

The IRS, traditionally one of the least popular federal agencies, has come under fire once again with the announcement of a proposed new program. The Service Industry Tip Compliance Agreement (SITCA) is a voluntary tip reporting program between the IRS and employers in various service industries aim

Numerous Employers to Provide Modest Salary Increases in 2023.

Payscale recently released its 2023 Compensation Best Practices Report, which shows that fewer employers plan to offer pay increases in 2023 compared to last year. Only 8 in 10 organizations surveyed said they would offer base pay increases this year, down from more than 9 in 10 last year. Meanwhile

Investors are buying less than 50% of homes compared to last year

Investors shied away from the US housing market in the final months of 2022, purchasing roughly half as many properties as they did the previous year, according to a Redfin analysis. The data showed that home purchases by investors dropped 45.8% year over year in the fourth quarter and declined 27%