Today: 17. Dec, 2024
Currently, US Treasury rates are surging. This spells trouble for the stock market and potential homebuyers. Recently, the US 30-year Treasury bond yield soared to its peak since 2011, while the 10-year note saw its best performance since October 2022. When bond…
Increasing apprehensions about banks and the broader world economy prompted stocks to decline in major markets. By midday, the S&P 500 had decreased by 1.1%, marking its potential fifth downturn recently. Concurrently, the Dow Jones was down 1% or 345 points at…
Thursday saw a slight uplift in U.S. stocks as numerous companies reported better-than-anticipated profits, while yields rose in response to a Federal Reserve official’s comments suggesting the termination of interest-rate hikes might not be as imminent as Wall Street anticipated. The S&P…
The combination of higher mortgage rates and a severe shortage of available homes negatively impacts the demand for mortgages. According to the seasonally adjusted index from the Mortgage Bankers Association, mortgage applications for home purchases dropped by 4.8% last week compared to…
