Weekly mortgage demand increases 20% after interest rates drop to lowest since last year

A sharp drop in mortgage interest rates finally lit a fire under loan demand.

NBC News - 23h

Weekly mortgage demand surges 20% higher, after interest rates drop to the lowest since last year

Mortgage demand rallied last week after interest rates dropped to the lowest level since December 2024.

CNBC - 1d

Mortgage rates drop to lowest since mid-December, but demand still falls short

Applications for a mortgage to purchase a home were flat for the week and 3% higher than the same week one year ago.

CNBC - Feb. 26

Turkey cuts interest rates to 42.5% after inflation falls to 2-year low

Borrowing costs reduced for third month running after price rises ease to below 40% for first time since June 2023

Financial Times - 2h

Bank of Korea slashes rates to lowest since August 2022 on economic worries, cuts growth forecast

The Bank of Korea cut rates to 2.75% from 3%, in line with expectations from economists polled by Reuters, trimming rates for the third time in four meetings.

CNBC - Feb. 25

Oil prices settle at lowest level of the year as tariff threat hurts demand outlook

Oil futures settled Tuesday at their lowest level of the year, with the economy and energy demand expected to take a hit from proposed U.S. tariffs on Canada and Mexico that may come into effect ...

MarketWatch - Feb. 25

2-year Treasury yield slides to lowest since October on more tariff talk from Trump

U.S. government debt rallied on more tariff threats by President Donald Trump on Wednesday, reigniting economic fears and sending the policy-sensitive 2-year Treasury yield to its lowest level in ...

MarketWatch - Feb. 26

Birth rate in South Korea, the world's lowest, rises for first time in 9 years

South Korea’s fertility rate rose in 2024 for the first time in nine years, preliminary data showed Wednesday, in a sign that the country’s demographic crisis might have turned a corner.

NBC News - Feb. 26

3 mortgage rate scenarios that could happen this March

If you're planning to buy a house soon, it helps to know what could happen with the mortgage rate environment.

CBS News - 6d

Mortgage rates plummet, sparking a surge of refinances

Mortgage applications rose 20.4% in the last week, the Mortgage Bankers Association said.

MarketWatch - 1d

10-, 30-year yields see biggest monthly drop since December 2023 on growth fears

U.S. government debt rallied on Friday, pushing yields broadly lower, after inflation from the Federal Reserve’s preferred measure came in as expected for January.

MarketWatch - 5d

ECB cuts interest rate to 2.5%

Rate-setters shift tone, suggesting possible pause to reductions in borrowing costs

Financial Times - 28m

Bitcoin drops to lowest price in 3 months

Bitcoin has dropped to its lowest price in three months as the Trump administration embraces cryptocurrency. CBS MoneyWatch correspondent Kelly O'Grady reports.

CBS News - Feb. 25

Mortgage rates stay under 7%. Should you buy a home now?

Today's mortgage rates are higher than they were a few years ago, but it could still be smart to buy a home now.

CBS News - Feb. 25

New York Yankees drop beard ban after 49 years

The New York Yankees are changing their facial hair policy. Going forward, players and coaches are allowed to have "well-groomed beards."

CBS News - Feb. 21

What's the CD interest rate forecast for spring 2025?

With the Fed expected to hold rates steady in March, experts predict what could happen with CD stable this spring.

CBS News - Feb. 26

How fast will the ECB cut interest rates?

Market Questions is the FT’s guide to the week ahead

Financial Times - 4d

Will HELOC interest rates keep falling this March?

HELOC interest rates dropped in both January and February, but will that trend continue this March?

CBS News - 1d

Consumer confidence plummets in largest drop since 2021

A gauge of consumer confidence registered its largest monthly drop since 2021.

ABC News - Feb. 25

Consumer confidence has biggest drop since 2021

U.S. consumer confidence plummeted in February, the biggest monthly decline in more than four years. Kelly O'Grady explains.

CBS News - Feb. 25

Japan births fall to lowest in 125 years

Number of babies born declines 5% despite efforts to boost fertility rate

Financial Times - Feb. 27

Pending home sales drop to the lowest level on record in January

Home prices nationally are still higher than they were a year ago.

CNBC - 6d

Lower mortgage rates may tempt home buyers. But these fast-rising phantom costs could sneak up on them.

Mortgage rates are down to a nearly three-month low. But if you’re thinking of buying a home, beware of these hidden costs.

MarketWatch - Feb. 21

Where did the home buyers go? 7% mortgage rates sap any remaining energy from the housing market

Home buyers are still struggling with affordability, the National Association of Realtors said.

MarketWatch - Feb. 21

Mortgage rates are falling, but it’s not helping sell more homes. Are lower house prices next?

Homebuilder stocks are in a bear market, as lower mortgage rates and continued rate discounts haven’t improved demand.

MarketWatch - 4d

Mortgage rates are falling. Here’s how much income you need now to buy a house for $250,000, $400,000 and $1 million.

Mortgage rates fell for the sixth week in a row, offering more financial relief to home buyers.

MarketWatch - 4d

Jey Uso feels the pressure to redeem himself at WWE WrestleMania 41 after last year's flop with his brother

Jey has become one of the hottest singles wrestlers in some time with the full support of the fans

CBS Sports - 6d

Crisis-stricken Stellantis sees revenue growth in 2025 after 70% drop in full-year profit

Crisis-stricken auto giant Stellantis on Wednesday said it sees return to revenue growth this year after a steep drop in 2024 earnings.

CNBC - Feb. 26

China will increase its defense budget 7.2% this year

China says it will increase its defense budget 7.2% this year as it continues its campaign to build a larger, more modern military to assert its territorial claims and challenge the U.S. defense ...

ABC News - 1d

Oil Prices Drop Amid Concerns Over Trump’s Tariffs and OPEC Increases

The international benchmark fell to its lowest point since 2021 after a decision by Saudi Arabia and other producers to pump more crude surprised the markets.

The New York Times - 18h

Home Depot says high interest rates are hampering home-remodeling plans

“There’s just no denying the deferral that we’re still seeing,” said Billy Bastek, Home Depot’s executive vice president of merchandising.

MarketWatch - Feb. 25

Key Interest Rate Falls as Worries About the Economy Rise

Investors’ increasingly gloomy sentiment about economic growth appears to be driving down the 10-year Treasury yield.

The New York Times - 2d

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 you

Financial Times - 1h

OPEC+ plan to lift output pulls Brent oil to lowest finish since September

Oil futures settled lower Tuesday, with global benchmark prices ending their lowest since November, a day after the Organization of the Petroleum Exporting Countries and its allies said they would ...

MarketWatch - 1d

Oil ends at lowest price since September on tariff worries, OPEC+ output plans

Oil declined for a fourth straight session Wednesday, settling at its lowest price since September, on prospects for a global trade war that could dent demand and plans by major oil producers to ...

MarketWatch - 18h

Job cuts last month higher than any February since 2009

U.S.-based employers cut more jobs this February than in any February in 16 years, according to a new report from outplacement firm Challenger, Gray and Christmas. This year, employers announced ...

The Hill - 1h