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The Fed has raised its target interest rate 11 times since March 2022, in an effort to bring down the rate of inflation to 2%. The current rate of 5.25% to 5.5% is its highest in 22 years.
Very few people on Earth had ever experienced a global pandemic on the scale of COVID-19, and the U.S. government, afraid that the economy would collapse, turned to the Fed.
The mortgage lending rate on a 30-year fixed rate loan was 6.99% last week, according to Freddie Mac, which tracks rates. Over the past year, the rate has averaged 7.01%. Over the past year, the ...
On April 22, Newsom ordered a review on autopsies of people who died in December 2019 in order to find out when COVID-19 arrived in California. [56] On April 24, Newsom announced a program that will deliver free meals to elderly residents who meet the program's requirements.
July 21: Orange County now has the second highest number of COVID-19 cases in California, with the count being 29,986. [152] This is just ahead of Riverside County's COVID-19 case count of 29,983. [152] Los Angeles County, which has more COVID-19 cases than any other California county, is also confirmed to have 160,000 cases. [152]
The COVID-19 pandemic in California began earlier than in some other parts of the United States. Ten of the first 20 confirmed COVID-19 infections in the United States were detected in California , and the first infection was confirmed on January 26, 2020.
The cost of auto claims has soared across the United States since the start of the COVID-19 pandemic, according to the Insurance Information Institute. But the pandemic isn't solely to blame.
The average 30-year fixed mortgage rate fell to 6.62% today, to its lowest level since May, after the Federal Reserve left interest rates unchanged and signaled three interest rate cuts next year.