Mortgage Refinance Demand Jumps 18 As Interest Rates Drop for the Fifth Straight Week
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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 -
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 -
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 -
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 -
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 -
Bitcoin jumps 7%, retakes $70,000 to start the week
Bitcoin spiked to start the final week of March, reclaiming the $70,000 level.CNBC - Business - Crypto -
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 -
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 -
4 times you should buy a home with interest rates high
Even with mortgage interest rates high, there are some times when it may make sense to buy. Here are four of them.CBS News - Top stories -
‘Lagging’ housing market, high interest rates drag on MillerKnoll’s sales
The furniture maker said that a “lagging” housing market, rising interest rates, and other headwinds contributed to lower sales.MarketWatch - Business -
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 -
Janet Yellen warns China against clean energy dumping
US Treasury secretary tells Beijing its trade practices will distort markets and harm workersFinancial Times - Business - China -
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 -
$75,000 for a baby? South Korean businesses float incentives as demographic crisis looms
Companies and politicians try new strategies to encourage workers to start familiesFinancial Times - Business -
Global inflation and interest rates tracker: see how your country compares
Inflationary pressures are beginning to wane but not all central banks have taken action yet. See how this affects youFinancial Times - World -
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 -
Nigeria's central bank hikes interest rate to 24.75% as it battles sky-high inflation, currency crisis
The Central Bank of Nigeria on Tuesday hiked its key interest rate by 200 basis points, as Africa's largest economy looks to recover from a historic currency crisis and soaring inflation.CNBC - Business -
A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal
A British financial trader described as the ringleader in the manipulation of a key interest rate before and after the global financial crisis has lost his appeal to have his conviction quashedABC News - World - United Kingdom -
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 -
Lowe’s credit card now has a 31.99% interest rate. Customers call it ‘loan sharking.’
“These interest charges could be astronomical on a big purchase,” says one credit-card expert.MarketWatch - Business -
Having ridden the New York commercial-property boom together, NYCB and Meridian Capital are now in a changed world of higher interest rates and falling building valuations.
Having ridden the New York commercial-property boom together, NYCB and Meridian Capital are now in a changed world of higher interest rates and falling building valuations.The Wall Street Journal - World - New York -
A U.K. court upheld the conviction of Tom Hayes, the alleged ringleader of a conspiracy among big banks and brokers to rig interest rates during the global financial crisis.
A U.K. court upheld the conviction of Tom Hayes, the alleged ringleader of a conspiracy among big banks and brokers to rig interest rates during the global financial crisis.The Wall Street Journal - World -
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, in good health and we have a second home worth $900,000 that is fully paid for.”MarketWatch - Business -
German rail OKs union's 35-hour-week demand to end months of dispute
Yahoo News - World - Germany -
March 18, 2024 Israel-Hamas war
US President Joe Biden voiced "deep concerns" over Israel's plans for a major operation in Rafah during his phone conversation Monday with Prime Minister Benjamin Netanyahu.CNN - Top stories - Israel -
Russia Extends Evan Gershkovich’s Detention for a Fifth Time
The ruling means that Evan Gershkovich, a reporter for The Wall Street Journal, will spend more than a year in custody awaiting trial on a spying charge.The New York Times - World - Russia -
Women's Six Nations: Wales 18-20 Scotland - Reaction as Scots win
Scotland survived a late fightback to begin their 2024 Six Nations campaign with victory over Wales in Cardiff.BBC News - Top stories -
NI sees 20% rise in 18-49 cancer diagnoses
Research looking at figures between 1993 and 2019 show more people under 50 are being diagnosed.BBC News - Top stories -
Home Depot Buys Roofing Distributor in $18 Billion Deal
The retailer said it would acquire SRS Distribution in a deal with a value of $18.25 billion, which includes assumed debt.The Wall Street Journal - World -
Will Xi’s manufacturing plan be enough to rescue China’s economy?
The president has won praise for ending a credit boom, but trading partners now fear a flood of cheap exportsFinancial Times - Business - China -
Bain Capital promotes top dealmaker to co-managing partner
David Gross appointed to jointly lead the private equity group from AprilFinancial Times - Business -
10 important mortgage loan questions to ask this spring
If you want to get the best mortgage loan possible, be sure to ask your lender these questions during the process.CBS News - Top stories -
Which reverse mortgage payout option is best?
There are multiple reverse mortgage payout options, but which one is the best for you? Find out here.CBS News - Top stories - Mortgage -
Struggling Clippers still searching for an 'identity' after loss to Pacers: 'We're soft'
Russell Westbrook scores 14 points in his return from injury, but Clippers coach Tyronn Lue is left frustrated following a 133-116 loss to the Pacers.Yahoo Sports - Sports -
Trump’s stake in social media group hits $4.6bn after market debut
Shares of company behind former president’s Truth Social platform rise 16% in first day of tradingFinancial Times - Business - Donald Trump -
Twitter usage in US ‘fallen by a fifth’ since Elon Musk’s takeover
App users for social media site, rebranded as X, down by 23% since November 2022 according to Sensor Tower. Use of Twitter in the US has slumped by more than a fifth since Elon Musk bought the site and rebranded it to X, according to data from ...The Guardian - World - Elon Musk -
Millions go hungry as a billion meals binned every day, says UN report
UN Food Waste Index report also finds global food wastage is big contributor to climate crisis. More than a billion meals are thrown away every day, in poor countries as well as rich ones, despite more than 730 million people living in hunger ...The Guardian - World - United Nations