Latest in November home sales surged more than expected, boosted by lower mortgage rates
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Government borrowing lower than expected in November
Public sector borrowing was £11.2bn last month, the lowest November figure since 2021.BBC News - 8m -
Mortgage rates increase despite Fed's rate cut
The Federal Reserve announced its third interest rate cut of the year this week. But despite the good news for consumers, mortgage rates are still rising. Bankrate senior industry analyst Ted ...CBS News - 7h -
November home sales surged more than expected, boosted by lower mortgage rates
Sales of previously owned homes rose 4.8% in November compared with October, according to the National Association of RealtorsCNBC - 15h -
How Fed Rates Influence Mortgages, Credit Cards, Savings and More
Here’s how the central bank’s interest rate moves influence car loans, credit cards, mortgages, savings and student loans.The New York Times - 1d -
The Fed cut rates again — but don’t expect your credit-card APR to get much lower anytime soon. Here’s why.
Interest-rate cuts are supposed to lower borrowing costs, but that’s not necessarily happening for credit-card users.MarketWatch - 12h -
November home sales surged more than expected, boosted by lower mortgage rates
Sales of previously owned homes rose 4.8% in November compared with October, according to the National Association of Realtors.NBC News - 16h -
Lennar blames high mortgage rates for sales miss, but says its home prices also need to fall
Lennar said higher mortgage rates have hurt sales, but the home builder also acknowledged that it needs to cut prices more to reignite buying.MarketWatch - 16h -
CarMax sold more used cars than expected as prices fell by about $1,100 each
CarMax’s stock rallies as a drop in used car prices helped lead to a big sales beat.MarketWatch - 16h -
Home sales rebound as buyers seize a dip in mortgage rates. Could the bump be short-lived?
Existing-home sales rose to a rate of 4.15 million in November, the National Association of Realtors said.MarketWatch - 17h -
Fed lowers rates by 0.25 percentage point, but expects fewer cuts
The Federal Reserve on Wednesday moved to lower its benchmark rate by 0.25 percentage points, but said it plans fewer cuts in 2025.CBS News - 1d -
Mortgage rates inch up ahead of Fed meeting
Mortgage applications fell 0.7% in the last week, the Mortgage Bankers Association said.MarketWatch - 1d -
Medication abortions may be more painful than women expect, study finds
Many women are surprised by how much pain they experience during a medication abortion, a study published Tuesday in the journal BMJ Sexual & Reproductive Health found.NBC News - 2d -
Here's when homeowners should give up their low mortgage rate to buy a new home, according to experts
Giving up your low mortgage rate to buy a new home may make sense in some scenarios, experts say.CBS News - 2d -
China's November retail sales miss expectations as real estate slump deepens
The latest economic data out of China underscores lingering doubts about consumer spending.CNBC - 4d -
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Your home insurance costs more in high-risk areas. Your mortgage should, too.
Fannie Mae and Freddie Mac don’t factor climate change into rates. More frequent floods, hurricanes and wildfires raise systemic default risk.MarketWatch - 5d -
Wholesale prices rose 0.4% in November, more than expected
A measure of wholesale prices rose more than expected in November as questions percolated over whether progress in bringing down inflation has slowed, the Bureau of Labor Statistics reported Thursday.NBC News - Dec. 12 -
ECB lowers rates to 3% and paves way for more cuts
Growth forecasts pared back as bank’s president Christine Lagarde says some decision makers wanted larger reductionFinancial Times - Dec. 12 -
Wholesale prices rose 0.4% in November, more than expected
The producer price index was expected to increase 0.2% in November, according to the Dow Jones consensus estimate.CNBC - Dec. 12 -
Save more than $100 on these rarely-on-sale Dyson hair tools
For a limited time, major retailers are discounting Dyson hair tools at some of their lowest prices. Shop expert and editor-approved hair dryers, straighteners and more.NBC News - Dec. 11 -
Mortgage refinance demand surges 27%, as interest rates drop for the third straight week
Mortgage rates fell again last week, and while the drop wasn’t huge, it was enough to spur current homeowners to look for some savings.NBC News - Dec. 11 -
Annual inflation rate accelerates to 2.7% in November, as expected
The consumer price index was expected to rise 0.3% in November and 2.7% from a year ago.CNBC - Dec. 11 -
Mortgage refinance demand surges 27%, as interest rates drop for the third straight week
Mortgage rates fell again last week, and while the drop wasn't huge, it was enough to spur current homeowners to look for some savings.CNBC - Dec. 11 -
TSMC posts 34% surge in November sales in sign of ongoing AI boom
TSMC’s sales have surged over the past two years on the back of booming demand for advanced microchips following the launch of ChatGPT in Nov. 2022MarketWatch - Dec. 10 -
Hundreds of Syrians line up at Turkish border crossings as Erdogan expects more to go home
Hundreds of Syrian refugees have gathered at two border crossings in southern Turkey, eagerly anticipating their return to Syria after the fall of Bashar Assad’s governmentABC News - Dec. 9 -
Taylor Swift’s Eras tour smashes touring revenue record with more than $2bn in ticket sales
Pop singer’s 149-date tour, which ended on Sunday in Vancouver, more than doubles the previous record for a completed tour. Taylor Swift’s Eras tour has been confirmed as the most commercially ...The Guardian - Dec. 9 -
How fast will the ECB lower interest rates?
Market Questions is the FT’s guide to the week aheadFinancial Times - Dec. 8 -
Unemployment rate jumps more than a percentage point for Black women in November
The unemployment rate climbed sharply for Black women in November.NBC News - Dec. 7 -
Unemployment rate jumps more than a percentage point for Black women in November
The unemployment rate jumped significantly for Black women in November.CNBC - Dec. 6 -
Payrolls increased 227,000 in November, more than expected; unemployment rate at 4.2%
Nonfarm payrolls were expected to rise 214,000 in November, according to the Dow Jones consensus forecast.CNBC - Dec. 6 -
HPE sees more than 30% growth in server sales as AI boom rolls on
HPE’s stock has been the most understated of the three big AI server names this year.MarketWatch - Dec. 6 -
Kroger’s sales growth dinged by lower fuel prices and more — but it says many shoppers ‘feel better’
Supermarket giant Kroger said lower fuel prices and the sale of its specialty-pharmacy business weighed on third-quarter sales, and that it expects fourth-quarter same-store sales to be lower than ...MarketWatch - Dec. 5 -
Dynasty Fantasy Football Tight End Rankings: Brock Bowers even better, and more valuable, than expected
Updated tight end rankings for Dynasty leaguesCBS Sports - Dec. 5 -
Kirk Cousins returns to Minnesota: Falcons QB playing for even more than expected against former team
This Week 14 homecoming is critical to Cousins for unexpected reasonsCBS Sports - Dec. 4 -
GM expects more than $5 billion impact from China restructuring, including plant closures
General Motors expects a restructuring of its joint venture operations with SAIC Motor in China to cost more than $5 billion in noncash charges and write-downs.CNBC - Dec. 4 -
Private payrolls grew by 146,000 in November, less than expected, ADP says
Companies added 146,000 jobs on the month, below the downwardly revised 184,000 in October and less than the Dow Jones estimate for 163,000.CNBC - Dec. 4 -
GM expects more than $5 billion impact from China restructuring
General Motors expects a restructuring of its joint venture operations with SAIC Motor Corp. in China to cost more than $5 billion.NBC News - Dec. 4 -
JetBlue Reports More Post-Election Travel Than Expected
JetBlue Airways raised its revenue guidance for the year after bookings in November and December were higher than anticipated immediately following the U.S. presidential election.The Wall Street Journal - Dec. 4 -
Australia's third-quarter GDP grows at a slower-than-expected 0.3% amid higher rates and sticky inflation
Australia's economy grew at slower than expected in the third quarter, as elevated borrowing costs and sticky inflation continued to weigh down on the slowing economy.CNBC - Dec. 4 -
What's the mortgage interest rate forecast for December 2024?
If you're planning to buy or refinance a home this month, here's what mortgage rates could look like.CBS News - Dec. 3
