Mortgage rates are on their way down
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 8 November 2023
⏱️ 2 minutes
🧾️ Download transcript
Summary
The average rate on a 30-year fixed mortgage fell to 7.6 percent; Regulators want to supervise digital payments; FTC challenging medical patents that may be preventing generics; Las Vegas workers reach labor deal with one of three major casino operators.
Transcript
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| 0:00.0 | This Marketplace Podcast is |
| 0:01.4 | is supported by Principal Financial Group. |
| 0:04.4 | Facts are facts. |
| 0:06.1 | Employees want to feel financially secure in their future. |
| 0:09.7 | In fact, according to a 2023 study by principal, 87% of employers say that better employee |
| 0:16.3 | financial security means employees are engaged and productive at work. |
| 0:21.7 | At principal, they help you invest in your people, and when you take care of your team, they take |
| 0:27.2 | care of business. |
| 0:29.1 | Learn more at Principal.com slash benefits. Products and services offered by member companies of the principal |
| 0:35.1 | financial group Des Moines Iowa for important information visit principal |
| 0:39.0 | dot com slash disclosures mortgage rates are on their way down disclosures. |
| 0:45.0 | Mortgage rates are on their way down. I'm NovaSafo with a marketplace minute. |
| 0:48.0 | The Mortgage Bankers Association says the average interest rate on a 30-year fixed-home loan declined last week to around 7.6 percent. |
| 0:56.7 | Just last month it reached near 8 percent. |
| 0:59.1 | The decline comes as interest rates on bonds have receded, mortgage rates track bond yields. |
| 1:04.6 | The Consumer Financial Protection Bureau wants to supervise digital payment systems such |
| 1:08.2 | as Apple Pay and Google Pay. |
| 1:10.0 | A proposed rule would allow the agency to examine practices at providers in the same way it scrutinizes credit cards. |
| 1:16.6 | The Federal Trade Commission is challenging more than a hundred medical patents. |
| 1:20.3 | Many might be blocking cheaper versions of asthma inhalers and auto injectors |
| 1:24.7 | which are used to treat severe allergic reactions. The union representing Las |
| 1:29.5 | Vegas hospitality workers says it's reached a tentative deal with Caesars Entertainment, that's one of the three |
... |
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