Economic Report Mortgage Rates Inch Up Homebuyers Are Waiting for Rates to Decrease More Significantly Freddie Mac Says
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Mortgage demand stalls, even as interest rates moderate
The usually busy spring housing market is underway, but mortgage demand isn't moving.CNBC - Business - Mortgage -
Housing market frozen as home buyers ‘hold out’ for lower mortgage rates
Mortgage applications dipped 0.7% in the last week, the Mortgage Bankers Association said. The average rate for a 30-year mortgage is 6.93%.MarketWatch - Business - Mortgage -
Mortgage rates fall, providing some relief to home buyers
The U.S. 30-year mortgage rate is averaging at 6.79% Freddie Mac said in its latest weekly survey on Thursday.MarketWatch - Business - Mortgage -
Limits placed on removal of land from food production in England
Government restrictions come after farmers raise concerns over domestic food securityFinancial Times - World -
Putin’s Ukraine obsession has blinded him to dangers at home
The Kremlin autocrat once wanted to align with the US in fighting terrorism but is trapped in lies and paranoiaFinancial Times - World - Ukraine -
Treasury Yields Up As U.S. Rate Cut Remains Iffy
Treasury yields rose ahead of U.S. new homes sales.The Wall Street Journal - World -
Reddit stock charges higher, even as it picks up a neutral rating
Reddit’s stock is continuing its sharp ascent in Tuesday trading, even as an analyst took a sidelined stance on the social-media name.MarketWatch - Business -
Eurozone Bond Yields Drift Lower, Liquidity Seen Light Ahead of Easter
Eurozone government bond yields were slightly lower in early trading, with investors awaiting fresh drivers in a week when market liquidity is likely to be light ahead of the Easter holidays.The Wall Street Journal - World -
Why Biden, Macron and More Leaders Have Low Approval Ratings
Why Biden isn’t alone with his low approval ratings.The New York Times - Top stories - Joe Biden -
Cook says Fed has to move carefully before cutting interest rates
Federal Reserve Gov. Lisa Cook on Monday said the central bank needs to take a “careful approach” in deciding when to cut interest rates, but she gave few clues on the timing or size of any reductions.MarketWatch - Business - Federal Reserve -
Jack Black Says Claptrap In Borderlands Movie Is "R-Rated R2D2"
Jack Black voices the robot Claptrap in the upcoming Borderlands film. The actor describes the character as an "R-rated R2D2." This characterization should come as little surprise to fans of the game series, who know how Claptrap has many humorous ...GameSpot - Tech - Entertainment -
Fed’s Waller says there’s ‘no rush’ to cut U.S. interest rates
Federal Reserve Gov. Chris Waller said high inflation readings and strong job gains in early 2024 reinforce his view that “there is no rush” to cut U.S. interest rates.MarketWatch - Business -
Top Fed official says ‘no rush’ on rates after ‘disappointing’ data
Progress on taming price rises ‘has slowed and may have stalled’, according to Christopher WallerFinancial Times - Business - Federal Reserve -
My wife and I owe $450,000 on a $1.2 million house with a 3.5% mortgage rate. Our payments will soon increase. Should we pay it off or invest in stocks?
“We are in our late 60s and in good health, and we have a second home worth $900,000 that is fully paid for.”MarketWatch - Business -
The Fed Stays the Course on Rates
Markets are cheering the central bank’s forecast for three interest rate cuts this year. But Fed policymakers are divided on the issue.The New York Times - Business - Federal Reserve -
Rates need to calm down
They’re being too loudFinancial Times - World -
Reddit investors shrug off hold rating, bid up stock another 9% as post-IPO rally continues
Reddit's post-IPO rally continues, despite the company receiving a hold rating from a prominent analyst.CNBC - Business -
March Madness: TV ratings slightly up over last year despite Sunday's blowouts
The first three days of the NCAA Tournament attracted record ratings, only to see the momentum stifled due to Sunday’s games being blowoutsABC News - Entertainment -
March Madness ratings tick up, Final Four picks and could new rule lead to super sized football staffs?
Dan Wetzel, Ross Dellenger & SI’s Pat Forde kick off the podcast by reacting to March Madness TV ratings and why this year's tournament has exceeded most people's expectation. Forde believes the combination of early upsets coupled with big time ...Yahoo Sports - Sports - March Madness -
Newest ECB board member says it can cut rates ‘swiftly’ despite rising wages
Piero Cipollone’s comments indicate he may argue for loosening monetary policy at bank’s April meetingFinancial Times - World -
Don't sweat the prospect of no Fed rate cuts, economist says — markets will still march higher
Markets will continue to rally even if the Fed chooses not to cut interest rates this year, according to Steven Blitz, TS Lombard's chief U.S. economist.CNBC - Business - Federal Reserve -
Three Fed interest-rate cuts this year? Yes, top banking economists say.
Top economists at big U.S. banks predict the Federal Reserve will cut interest rates three times this year — with the first reduction in June — even though inflation is unlikely to slow much further in 2024.MarketWatch - Business - Federal Reserve -
Ohtani reps decline to say more on reporting theft
Shohei Ohtani's representatives declined again Tuesday to answer ESPN's questions about which authorities they have contacted to report their allegation of theft against Ohtani's former interpreter.ESPN - Sports -
BoE rate-setter warns against rushing to cut interest rates
Comments come after governor Andrew Bailey last week said interest rate cuts were ‘in play’Financial Times - World -
Latin American immigrants are starting businesses at more than twice the rate of the U.S. population as a whole, an analysis of Census Bureau data shows.
Latin American immigrants are starting businesses at more than twice the rate of the U.S. population as a whole, an analysis of Census Bureau data shows.The Wall Street Journal - World -
Bank of England policymaker says markets pricing in too many rate cuts; Co-op Bank to cut 400 jobs – business live
Catherine Mann says market pricing is helping the central bank do its work in bringing borrowing rates down. The pound has risen since her comments, up 0.2% to $1.2661.. Bank of England policymaker Catherine Mann said financial markets are pricing ...The Guardian - World -
Why auto insurance rates are skyrocketing in the U.S.
The average annual premium for full coverage auto insurance in the U.S. rose 26% from 2023 to 2024, according to Bankrate.CNBC - Business -
Fed Rate Outlook Looks Just Right for Banks
Banks look forward to relief on deposit costs but have no desire to go back to zero rates.The Wall Street Journal - World - Federal Reserve -
Fed’s Goolsbee expects three rate cuts this year
Chicago Fed President Austan Goolsbee said Monday he now expects three quarter-point interest rate cuts this year.MarketWatch - Business -
An interesting disconnect in US rate-cut expectations
Economists and the Fed think similar things on what will happen to the US economy. So why is there a big gap in their expectations for interest rates?Financial Times - World -
Bankers jailed for interest rate rigging lose appeal
Tom Hayes and Carlo Palombo, convicted for manipulating a key interest rate, have had their appeals dismissed.BBC News - Top stories -
Legal action only option, says defective flat owner
The BBC has seen an interim report that found 'understrength concrete' was used in construction.BBC News - Top stories -
Mellman: My apologies — and a rise in Biden’s approval rating
President Biden’s approval rating actually increased by 2 points in the wake of this SOTU, better than the average increase of zero.The Hill - Politics - Joe Biden -
How do interest rates affect me?
Bank of England interest rates have an impact on the mortgage, loan and savings rates for millions of people.BBC News - Top stories -
Middle East crisis live: Medical teams at two hospitals in Gaza pinned down by heavy gunfire, Palestinian Red Crescent says
Two hospitals in Gaza besieged by Israeli forces with staff in ‘extreme danger’, Palestinian Red Crescent says. The only effective and efficient way to deliver heavy goods to meet Gaza’s humanitarian needs is by road and includes an exponential ...The Guardian - World -
Sizing Up the Economic Impact of the Baltimore Bridge Collapse
With vessel traffic suspended at the Port of Baltimore, companies that transport cars and coal are looking for alternatives.The Wall Street Journal - Business -
Pending home sales inch up in February. Realtors are worried about U.S. home prices rising faster than incomes.
U.S. pending home sales rose 1.6% in February, the National Association of Realtors said on Thursday.MarketWatch - Business -
This is your wallet on Fed rate hikes: 2 years, 4 charts
In four charts, here’s how much money the campaign to rein in inflation may have cost you since it began in March 2022.MarketWatch - Business - Federal Reserve -
Bank of England Holds Interest Rates After U.K. Inflation Slows
Britain’s central bank held its key interest rate at the highest level in 16 years for the fifth straight meeting.The New York Times - Business - United Kingdom -
Why a Fed rate cut in June is not yet a done deal
An interest-rate cut at the Federal Reserve’s June meeting, though now widely expected, should not be viewed as decision that has already been made, Fed watchers say.MarketWatch - Business - Federal Reserve