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The average rate on a 30-year mortgage is back above 7% for the first time in twenty months. It’s rough news for the housing market and homebuyers already struggling with rising prices elsewhere. It comes as Treasury yields, which impact borrowing costs across the economy, hit multi-decade highs. Amna Nawaz discussed more with David Wessell of the Hutchins Center on Fiscal and Monetary Policy. #pbsnews #pbsnewshour #mortgage #housing #pbs
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PM’s speech at the Gross Ecosystem Product Launch on 23 September 2026 in New York, USA. Lyonchhen Dasho Tshering Tobgay, Prime Minister of Bhutan, announced Bhutan’s Gross Ecosystem Product (GEP) at approximately US$6.2 billion for 2024, marking a pioneering step in national accounting that places a clear monetary value on the country’s natural capital. While Gross Domestic Product (GDP) measures the market value of goods and services produced within a country, Gross Ecosystem Product measures
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The Bank of Canada held its benchmark interest rate steady at 2.25 per cent for a seventh consecutive decision today. The central bank has been on the sidelines since late last year and was widely expected to remain on hold heading into today’s decision. Monetary policymakers at the Bank of Canada use the policy rate to keep a lid on inflation and support economic growth when prices are contained. Inflation rose to three per cent in July after the war in Iran drove a volatile period for gas pric
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