Today: 26. Dec, 2024
Mortgage demand took a hit as interest rates sharply rose, causing both homebuyers and homeowners to hesitate. According to the Mortgage Bankers Association’s seasonally adjusted index, the total mortgage application volume fell 5.1% last week compared to the previous week, reflecting the…
September started negatively for Wall Street as the main indexes declined over 1% on Tuesday. Investors were cautious, focusing on the latest economic data, remarkably subdued factory activity reports, and looking ahead to a series of labor market updates that could influence…
In a significant market shift, stocks took a hit while bonds rallied following the release of weak economic data. The concerns over the Federal Reserve’s delayed rate cuts have led to Treasury 10-year yields dropping below the 4% mark, with market expectations…
In a significant market movement, stocks have reached new all-time highs as recent economic data indicates the economy’s resilience amid receding inflation and the Federal Reserve’s approach to initiating rate cuts. This surge comes as smaller firms rally, with the Russell 2000…
Wall Street’s major indexes experienced mixed performance on Friday, with the Nasdaq recovering from earlier losses as mega-cap tech stocks showed resilience. Investors also processed stronger-than-expected U.S. business activity data, contributing to the overall market dynamics. Megacap Tech Stocks Lead Recovery In…
As the curtains rise on the spring housing market—a season traditionally bustling with activity—the anticipated surge in mortgage demand remains conspicuously absent. Despite a slight moderation in interest rates, the Mortgage Bankers Association’s seasonally adjusted index reveals a stagnation in application volume,…
In a recent development that has caught the attention of potential homeowners and real estate analysts alike, mortgage rates have experienced a slight decline, falling just below the 7% mark. This rate adjustment has sparked a notable surge in mortgage demand, marking…
Recent economic data releases have left investors scratching their heads as they attempt to navigate a landscape filled with conflicting signals. In January, retail sales in the US experienced a significant decline, marking the sharpest drop in almost a year. However, this…
In a surprising turn of events, the average rate on the popular 30-year fixed mortgage has soared past the 7% mark, reaching 7.04% on Monday for the first time since December, as reported by Mortgage News Daily. This significant increase follows a…
The onset of 2024 sees Wall Street cautiously optimistic, with markets ticking modestly higher in the premarket, signalling potential first gains of the year. This upward movement comes amidst a global economic landscape fraught with challenges and uncertainties. Market Movements and Investor…
