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Demand for riskier adjustable-rate mortgages hits highest level of the year, due to rising rates
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The Fed's Powell affirmed the central bank's wait-and-see stance on interest rates, which remain at their highest level in more than 20 years.
The Fed’s Powell affirmed the central bank’s wait-and-see stance on interest rates, which remain at their highest level in more than 20 years.The Wall Street Journal - World -
Mortgage demand from homebuyers drops even as interest rates pull back to April lows
Total mortgage application volume increased just 0.5% from one week earlier, according to the Mortgage Bankers Association's seasonally adjusted index.CNBC - Business - Mortgage -
Federal student loan interest rates highest in more than a decade
The Department of Education announced Tuesday that federal student loan interest rates for the 2024-2025 school year hit 6.53 percent, up from 5.5 percent the previous year. Higher education expert Mark Kantrowitz told CNBC the new undergraduate ...The Hill - Politics -
Education Dept. announces highest federal student loan interest rate in more than a decade
The U.S. Department of Education announced Tuesday the interest rates on federal student loans for the 2024-2025 academic year.CNBC - Business -
Federal student loans this fall will have the highest interest rate in more than a decade
The interest rate on many new federal student loans will reach its highest level in over a decade next year, as lenders seek higher returns.NBC News - Top stories -
High Interest Rates Are Hitting Poorer Americans the Hardest
The economy as a whole has proved resilient amid the highest rates in decades. But beneath the surface, many low- and moderate-income families are struggling.The New York Times - Business
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JPMorgan Chase CEO Jamie Dimon on Wednesday urged the U.S. government to reduce its fiscal deficit sooner rather than later.CNBC - Business -
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Sony-backed computing startup heads for rare IPO in sidelined London stock market
Raspberry Pi, which makes tiny single-board computers, said in a filing that it is considering an initial public offering on the London Stock Exchange.CNBC - Business -
Mortgage demand from homebuyers drops even as interest rates pull back to April lows
Total mortgage application volume increased just 0.5% from one week earlier, according to the Mortgage Bankers Association's seasonally adjusted index.CNBC - Business - Mortgage