Economic Report Mortgage Demand Falls As Lending Rates Remain Elevated
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Tips for buying a home as mortgage rates climb
Mortgage rates soared to their highest level of the year this week, according to Mortgage News Daily. Holden Lewis, a home and mortgage reporter for NerdWallet, joins CBS News with tips on buying a home.CBS News - Top stories - Mortgage -
Mortgage rates are now at the highest level of the year and could still climb
The average rate on the popular 30-year fixed mortgage crossed over 7% on April 1, according to Mortgage News Daily, and it just kept going.NBC News - Top stories - Mortgage -
U.S. Mortgage Rates Jump Above 7% for the First Time This Year
Rates on 30-year mortgages — the most common kind among U.S. homeowners — surpassed the 7 percent mark on Thursday, a troublesome sign for an already tight housing market.The New York Times - Business - Mortgage -
Mortgage rates top 7 percent for first time in 2024
Mortgage rates topped 7 percent for the first time this year, according to data released Friday by Freddie Mac. The average 30-year fixed-rate mortgage rose to 7.1 percent this week, up from 6.88 percent the week before. “As rates trend higher, ...The Hill - Politics - Mortgage -
Israel's Attack on Iran Appears Fairly Limited, Easing Pressure on Oil Markets
Israel’s missile strikes against Iran overnight seem fairly limited, pointing to a de-escalation of conflict that is expected to diminish the oil market’s geopolitical risk premium in the short term, according to DNB Markets.The Wall Street Journal - World - Iran -
Mortgage rates have surged past 7% and home sales in March posted their biggest monthly drop in more than a year, renewing pressure on the U.S. housing market as uncertainty over real-estate commissions buffets the industry.
Mortgage rates have surged past 7% and home sales in March posted their biggest monthly drop in more than a year, renewing pressure on the U.S. housing market as uncertainty over real-estate commissions buffets the industry.The Wall Street Journal - World -
Fed report highlights risks to financial stability if interest rates stay higher for longer
The biggest worry for the global financial system is that the Federal Reserve keeps monetary policy tighter than expected, according to experts surveyed by the central bank.MarketWatch - Business - Federal Reserve -
The struggle to choose the right mortgage
As interest rates stay higher for longer, those looking to refinance face some difficult choicesFinancial Times - Business -
The economics of running
Does a hotter economy really make you faster?Financial Times - World -
Weak or Not, Iran's Strike Demanded a Strong Reply
Why is Gen. McKenzie calling for restraint from Israel?The Wall Street Journal - World -
A Century-Old Lending Lifeline for Troubled Banks Has a Major Flaw. The Fed Wants to Fix It.
Borrowing from the discount window carries a stigma officials hope to reduce.The Wall Street Journal - World -
Delays to OFR funds recognition scheme leaves UK out in the cold
Post-Brexit overseas funds regime has yet to be implemented, depriving UK investors of some of latest innovative fundsFinancial Times - World - United Kingdom -
Japanese doctors demand damages from Google over "groundless" reviews
A group of Japanese doctors has filed a civil lawsuit against U.S. search giant Google, demanding damages for what they say are results showing unpoliced derogatory and often false commentsABC News - Tech - Google -
Hackers claim Belarus fertilizer plant infiltrated to demand political prisoner release
A Belarusian hacker activist group claims to have infiltrated computers at the country’s largest fertilizer plant to pressure the government to release political prisonersABC News - World -
The radical repricing of US interest rates
Financial markets and the Fed are searching for a convincing economic storyFinancial Times - World -
Critical mineral mining is key to the green transition, but experts warn reputational risks remain
Critical mineral mining is important to the green transition, but the mining industry's poor reputation is creating investment barriers.CNBC - Business -
Here's What to Watch This Weekend: Jesus Luzardo has a high-90s fastball but concerns remain, and more
Plus why a quality start is critical for Justin VerlanderCBS Sports - Sports -
Kentucky 2024-25 roster: Freshman Jordan Burks, last remaining Wildcat on scholarship, enters transfer portal
Tracking what UK's roster will look like in 2024-25 in Mark Pope's first seasonCBS Sports - Sports -
Max Holloway responds to the ‘un-BMF’ demands from UFC champ Ilia Topuria
Max Holloway has some thoughts about Ilia Topuria's stipulations for a UFC featherweight title fight – and it's not very gangster.Yahoo Sports - Sports - UFC -
Key ally of Pakistan's prime minister demands end to ban on social media platform X
An important ally of Pakistani Prime Minister Shehbaz Sharif demanded the government lift a two-month-old ban on the social media platform X, saying it violates citizens’ right to speech and expressionABC News - Tech -
Missouri Backs Big Expansion of Low-Interest Loans as Demand for State Aid Grows
State lawmakers approve increasing the money available for bargain-basement priced lending as inflation endures.Inc. - Business -
U.S. dollar — and its No. 1 status — could become a casualty of economic war
A less-respected U.S. dollar will have major implications for world trade and American consumers.MarketWatch - Business -
US interest rate setter says 'no hurry' to cut
A key member of the US central bank, Raphael Bostic, tells the BBC rates might only ease "at the end of 2024".BBC News - Top stories -
Rate-cut expectations give way to questions about a Fed hike — and how much higher interest rates should go
Portfolio managers, economists, and Federal Reserve policy makers are all asking the same question: Are U.S. interest rates, now at a 23-year-high of 5.25% to 5.5%, high enough?MarketWatch - Business - Federal Reserve -
TSMC is reshaping its business to respond to the artificial-intelligence boom, including doubling capacity for a type of chip technology in demand from companies like Nvidia.
TSMC is reshaping its business to respond to the artificial-intelligence boom, including doubling capacity for a type of chip technology in demand from companies like Nvidia.The Wall Street Journal - World -
S&P Cuts Israel's Credit Ratings on Geopolitical Concerns
S&P Global Ratings lowered its long-term foreign and local currency sovereign credit ratings on Israel to A-plus from AA-minus, citing geopolitical risks.The Wall Street Journal - World - Israel -
Liverpool ratings: Salah gets 6/10 in elimination to Atalanta
Mohamed Salah was able to get his goal but Liverpool wasn't able to do enough as they were eliminated from the Europa League at the hands of Atalanta.ESPN - Sports -
S&P Cuts Israel Rating on Heightened Geopolitical Risk
Yahoo News - World - Israel -
Why the Fed Should Declare Victory and Cut Interest Rates
Small-business owners are being punished by the central bank's data obsession. It needs to focus less on CPI numbers and more on boosting the economy.Inc. - Business - Federal Reserve -
Fed’s Goolsbee says ‘more sniffing’ may be needed before rate cuts
Federal Reserve Bank of Chicago president Austan Goolsbee on Friday said "more sniffing" is needed before the Fed can cut interest rates. Here's what to know.CNBC - Business -
Interest Rates, Geopolitical Tensions Keep U.S. Stocks Gloomy
U.S. stock indexes mostly fell as corporations face the threat of high interest rates for longer.The Wall Street Journal - World -
Fed's Global Detractors Grumble as Central Bankers Debate Rate Cuts
Fed president say arate cutmight happen this September, or maybe not. At the IMF meeting, other finance chiefs tryto keep up with the shifting sands of U.S. monetary policy.Inc. - Business - Federal Reserve -
Nvidia drops 10% as investors see risk in Big Tech shares
US stock markets suffer their worst run since October 2022 as investors pull back from AI betsFinancial Times - Business -
Inflation, Interest Rates and Oil Prices Have Jolted the Markets
Euphoria has been replaced by a much more somber mood, changing the value calculations in a host of markets, our columnist says.The New York Times - Business -
Warning jailed bankers ruling could hit loan rate
Euribor underpins trillions of euros in loans and tracks the rate banks pay to borrow cash from each other.BBC News - Top stories -
Woodside Revenue Falls on Lower Prices, Volumes
Woodside Energy said weaker output and lower realized prices for its oil and natural gas drove a drop in sales revenue in its latest quarter.The Wall Street Journal - World -
Asia Markets Fall After Israeli Strike on Iran
Stock markets in Asia fell while safe-haven assets such as U.S. Treasurys, the yen and the Swiss franc rose sharply after Israel launched a retaliatory strike against Iran early Friday.The Wall Street Journal - World - Israel -
Raducanu falls to Swiatek in Stuttgart quarter-finals
Britain's Emma Raducanu falls to world number one and defending champion Iga Swiatek in the quarter-finals of the Stuttgart Open.BBC News - Top stories -
Democrats back Republican Speaker’s plan to advance US aid to Ukraine
Move sets stage for Saturday vote that could unlock $60bn in support for KyivFinancial Times - Business - Ukraine -
Japan’s inflation marks two years above BOJ’s target as meeting looms
Japan’s consumer inflation has stayed above the Bank of Japan’s 2% target for two years, government data confirmed Friday, amid speculation over further interest-rate increases.MarketWatch - Business - Japan