Category: nosedive

Housing Activity ‘Took a Nosedive’ as Mortgage Rates Hit 15-Year Highs—a Chart That Says It All

Mortgage rates are at their highest point since the Great Recession as housing affordability continues to decline, according to Freddie Mac (OTC:FMCC) data. The 30 year fixed increased from 5.66 percent to 5.89 percent. The long-term rate hasn’t been this high since November 2008, shortly after the Great Recession was triggered by the collapse of…


US Media Reports the Intentional Nosedive of China’s Eastern Airlines, Veteran Pilot Calls for Investigation of Co-Pilot

Two months ago, China Eastern Airlines flight MU5735 lost radio contact and crashed into a mountainous area in Wuzhou, Guangxi Province around 2:38 p.m on March 21, killing all 132 people on board. The Chinese authorities  previously insisted that the rumor saying the co-pilot caused the crash was untrue; but recently, several U.S. media outlets…