• With mortgage rates half a percentage point higher over the past month, home buyers are pulling back even as the spring home buying season should be heating up.
  •  Mortgage applications for the purchase of a home were down 44% from a year ago and refinances are more than 70% down from last year, as a majority of homeowners have already locked in rates lower than those currently available.

Source:   kake.com

You Are Killing Us!”: Southern California Gas Seeks 13 Percent Monthly Bill Increase

  • As millions recover from exorbitant utility bills, the state is considering Southern California Gas Company’s (SoCalGas) request to raise monthly rates by 13.2 percent next year for the 5.9 million households and businesses it serves.
  • Although the increase is a routine request made by SoCalGas every four years, it comes at a time when many residents are paying as much as 300 percent more for gas.
  • If approved, the rate increase would show up on bills beginning Jan. 1, 2024.

Source: zerohedge.com