Eurozone Mortgage Demand Falls at Record Pace
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Equifax stock falls as company says it’s feeling effect of weaker mortgage demand
Shares of Equifax fell after hours on Wednesday after the credit-scoring giant reported first-quarter revenue that missed expectations and said it expected a continued drop in mortgage inquiries this year, as the housing market stalls out under ...MarketWatch - Business -
UK mortgage demand returns to growth in first quarter
Quarterly Bank of England survey provides further evidence of property market stabilisingFinancial Times - World - United Kingdom -
When will mortgage rates fall? Three economists weigh in.
Three housing economists weigh in on what needs to happen for mortgage rates to fall.MarketWatch - Business - Mortgage -
Eurozone Bond Yields Little Changed, Euro Falls After ECB Decision
Eurozone government bond yields barely move after the ECB left interest rates unchanged, as expected.The Wall Street Journal - World -
U.S. Natural Gas Futures Fall on Low Demand
U.S. natural gas futures fell as weak demand and hefty inventories outweigh support from lower production.The Wall Street Journal - World -
Mortgage refinance demand surges even as rates cross back over 7%. Here's why
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) increased to 7.01% from 6.91%.CNBC - Business - Mortgage -
Stocks Fall; Gold Hits Another Record
Investors are awaiting consumer-price-index data, which will show whether a bounceback in price pressures at the start of 2024 continued in March.The Wall Street Journal - World -
Delta sees record revenue as business travel accelerates, but stock turns lower
Delta Air Lines’ stock flew toward a three-year high Wednesday, after the air carrier reported a first-quarter profit beat — and record revenue — fueled by accelerating business-travel demand.MarketWatch - Business -
NextDC Raising $860 Million Amid Record Data-Center Demand
Australian data-center operator NextDC is raising $860.4 million of equity to accelerate several developments as the global shift to cloud computing drives record demand for its services.The Wall Street Journal - World -
Airline executives predict a record summer and even more demand for first class
Delta and United executives have forecast record demand this spring and summer with even more travelers booking in higher classes.CNBC - Business -
What if mortgage rates don't fall? 3 things buyers can do this spring
Homebuyers were hoping that mortgage rates would have fallen this spring. Here's what they should do while waiting.CBS News - Top stories - Mortgage -
Falling loan demand builds rate cut pressure as ECB prepares to meet
Survey results will feed into ECB discussion on slowing activity amid tight financing conditionsFinancial Times - World -
China's exports tumble 7.5% in March and imports also fall as demand slows
Official customs data show China’s exports contracted in March after growing in the first two months of the yearABC News - World - China -
Builder-confidence index stalls in April as mortgage rates hit 7%. Buyers are ‘back on the fence waiting for interest rates to fall,’ one builder says.
Builder sentiment stayed flat as rates sapped some home-buying demand, the National Association of Home Builders said.MarketWatch - Business - Mortgage -
Gold Futures Hit New Record on Central Bank Buying, Safe-Haven Demand
Gold futures have set another record high, with the rally driven by central bank purchases, safe-haven demand and geopolitical tensions.The Wall Street Journal - World -
Several attorneys general made ‘abusive legal demands’ to get trans patients’ medical records, senators allege
Four attorneys general in conservative states have abused their authority to investigate transgender patients and their health care, and hospitals must do more to protect them, a new Senate Finance Committee report argues.NBC News - Politics -
Tesla shares fall to lowest in almost a year after job cuts heighten concerns about waning demand
Tesla's announcement Monday that it's cutting jobs sent the shares down nearly 6%, continuing the year's sell-off.CNBC - Business -
Gold scores another record high as market awaits Israel response to Iran attack
Gold futures eke out a gain on Monday to notch a fresh record-high settlement as traders awaited Israel’s response after Iran’s attack over the weekend.MarketWatch - Business - Iran -
Eurozone Investment Rebound Requires Rate Cuts
A rebound in investment in the eurozone still hinges on a loosening of monetary policy at the European Central Bank, ING economist Bert Colijn writes in a note.The Wall Street Journal - World -
Scope for More Selloff in U.S. Treasurys Seen Limited
The hot U.S. inflation print, third in a row, triggered a sharp selloff in Treasurys, led by the front end, but the room for a further selloff is capped, Societe Generale Research said.The Wall Street Journal - World -
Mortgage Rates Near 7% Again
The uptick threatens the housing revival that many had hoped for this year.The Wall Street Journal - World - Mortgage -
The best times to get a reverse mortgage
A reverse mortgage can help relieve financial pressure for seniors, but it's important to get the timing right.CBS News - Top stories -
ECB leaves eurozone interest rates on hold but hints at cut this summer – as it happened
European Central Bank says rate cuts would be appropriate if inflation keeps falling, as BoE policymaker Megan Greene argues UK rate cuts are a way off. There’s takeover drama in the self-storage world this morning, as another UK company falls to ...The Guardian - World -
Eurozone Industry Could Soon Feel Benefit of Rebounding Economy
Eurozone industrial production rose in February and a gradually improving economy should help output in the rest of 2024, says Rory Fennessy, senior eurozone economist at Oxford Economics.The Wall Street Journal - World -
Fed Prepares Slower Pace of Runoff for $7.4 Trillion Portfolio 'Fairly Soon'
Officials have been allowing $60 billion in Treasurys to mature every month, but could lower that amount.The Wall Street Journal - World - Federal Reserve -
Bryson DeChambeau sets pace at Masters with first-round 65
LIV convert leads by one shot from Scottie SchefflerDanny Willett shoots 68 after shoulder surgeryIn 2020, we were primed for the age of Bryson DeChambeau. The US Open had been claimed, Augusta National was supposedly a par of 67 rather than 72 ...The Guardian - World -
China’s economy expands by a surprisingly strong pace in the first quarter of 2024
Yahoo News - World - China -
AMC’s stock soars 10% for its biggest gain since February
Shares of AMC Entertainment Holdings Inc. soared 10.1% on Tuesday, as the stock registered its biggest daily percentage gain since Feb. 6, when it rose 10.9%.MarketWatch - Business -
Book Review: 'Nothing But the Bones' is a compelling noir novel at a breakneck pace
“Nothing But the Bones,” a prequel to Brian Panowich’s critically acclaimed Bull Mountain series of Southern noir novels, finds Nails McKenna on the run after killing a man in a barroom brawlABC News - Entertainment -
3 Ways to Lock In Lower Mortgage Rates
With affordability expected to remain challenging for home buyers, experts say there are ways to ease the pain.The Wall Street Journal - World - Mortgage -
High mortgage rates lead to rise in lending scams
More prospective homebuyers are falling victim to offers of financing that are too good to be trueFinancial Times - Business - Mortgage -
What the new inflation report means for mortgages
Inflation is rising again. Here's what that means for mortgage rates and homebuyers.CBS News - Top stories - Inflation -
Mortgage rates surpass 7%, reaching highest level in over a month
Mortgage applications rose 0.1% in the last week, the Mortgage Bankers Association said. The average rate for a 30-year mortgage is 7.01%.MarketWatch - Business - Mortgage -
Mortgage Rates in U.S. to Remain High for Some Time, Redfin Says
Following Wednesday’s inflation report, daily average mortgage rates hit their highest level in nearly five months, meaning mortgage rates will likely stay elevated, according to Redfin.The Wall Street Journal - World - Mortgage -
Mortgage rates are climbing, but it could still make sense to borrow now
The latest inflation report has pushed mortgage rates above 7%, but buying a home could still be a smart move.CBS News - Top stories - Mortgage -
A Huge Number of Homeowners Have Mortgage Rates Too Good to Give Up
On a scale not seen in decades, many Americans are stuck in homes they would rather leave.The New York Times - Business - Mortgage -
3 ways to get a lower mortgage rate before the Fed's April meeting
It can be advantageous for homebuyers to pursue these strategies now before the Fed meets again on April 30.CBS News - Top stories - Mortgage -
Warehouse Rents Slipping on Declining Demand
The yearslong growth in U.S. warehouse rents that went into overdrive during the pandemic is showing signs of slowing down.The Wall Street Journal - World -
MLS has failed Lionel Messi and Inter Miami with its glacial pace of change
For all of Major League Soccer's growth, for all its stated global ambition, it still lags on its own continent.Yahoo Sports - Sports - MLS -
A New Group Is Buying Minor League Teams at a Feverish Pace. What’s the End Game?
Diamond Baseball Holdings is a 3-year-old company that owns more than a quarter of all minor league clubs. Some are pondering if its power is healthy.The New York Times - Sports