Today: 16. Nov, 2024
The S&P 500 has achieved its most significant four-day rally this year, with a remarkable 1.7% surge. This upward momentum in the stock market was primarily driven by substantial gains in some of the world’s largest technology companies. The rally came in…
Mortgage refinance demand has surged dramatically, up 16% last week, as mortgage rates fell to their lowest level in over a year. This sharp drop, attributed to recent economic indicators and Federal Reserve communications, has increased interest from homebuyers and current homeowners…
The average mortgage rate has hit its lowest point in over a year, thanks to a weaker-than-expected employment report. The popular 30-year fixed mortgage rate dropped by 22 basis points to 6.4% on Friday, the lowest since April 2023, while the 15-year…
Investing in the stock market has long been heralded as one of the most effective ways to grow wealth over the long term. A straightforward investment strategy that many financial advisors recommend is purchasing a low-cost index fund, which provides broad market…
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…
According to a recent report, this summer has brought a slight improvement in home affordability for buyers. The median new mortgage payment decreased to $2,167 in June, a 2.4% decline from $2,219 in May, as the Mortgage Bankers Association (MBA) reported. While…
Mortgage interest rates dipped slightly last week but failed to entice many potential homebuyers. Despite this modest decrease, the overall demand for home loans continues to drop as buyers hold out for more significant rate cuts. Rates Drop Marginally The average contract…
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 remained essentially flat before the opening bell today as the latest quarterly earnings from banks and new inflation data presented a mixed picture for investors. Market Overview Futures for the S&P 500 were unchanged, while futures for the Dow Jones…
Wall Street enjoyed another day of substantial gains on Wednesday, extending its impressive rally. In the afternoon, the S&P 500 rose by 0.7%, positioning itself for its 37th record high this year. Meanwhile, the Dow Jones Industrial Average advanced by 205 points,…
