Economy News
Economic news covering Fed interest rate decisions, inflation data, jobs reports, GDP growth, and macroeconomic trends affecting the stock market.
Mortgage Rates Climb to 6.55% as Treasury Yields Surge, Dampening Housing Demand
Mortgage rates increased Tuesday, with the 30-year fixed rate reaching 6.55% as Treasury yields climbed. Mortgage applications dropped 10.9% last week, reflecting continued buyer sensitivity to higher borrowing costs.
Mortgage Rates Hover Near Multi-Year Highs as Housing Data Sours
Mortgage rates held near recent peaks on Monday, with the 30-year fixed rate at 6.49%. New home sales tumbled 17.6% in January to the lowest level since late 2022.
Mortgage Rates Surge Past 6.5% as Bond Yields Climb, Housing Data Weakens
U.S. mortgage rates jumped above 6.5% on Friday, reaching their highest level since early September. The surge follows a climb in the 10-year Treasury yield toward 4.37%, with market expectations for Federal Reserve rate cuts fading.
Mortgage Rates Climb as Treasury Yields, Oil Prices Pressure Housing Market
U.S. mortgage rates increased this week, with the 30-year fixed average reaching 6.22% and daily readings hitting 6.53%, the highest level since September. Rising Treasury yields and oil prices are pushing borrowing costs upward.
Mortgage Rates Surge Past 6.5% as Bond Selloff Rattles Housing Market
Mortgage rates climbed above 6.5% Friday, reaching a multi-month high as Treasury yields surged. The jump pressured housing stocks and caused a sharp drop in mortgage applications.
Mortgage Rates Climb, Squeezing Spring Housing Momentum
The average 30-year fixed mortgage rate increased to 6.22% this week, contributing to a 10.9% drop in overall loan applications as refinancing activity slowed. Purchase applications showed slight weekly growth but remain volatile year-over-year.
Mortgage Rates Hit 6.22%, Housing Market Stumbles as Spring Season Begins
The average 30-year fixed mortgage rate climbed to 6.22% this week, the highest level since December. Housing stocks declined as higher borrowing costs and falling sales dampened sentiment.
AI Disruption Threatens Entry-Level Jobs, CEOs Warn of Graduate Unemployment Spike
Top executives from ServiceNow and BlackRock caution that artificial intelligence is rapidly displacing entry-level white-collar positions, potentially pushing graduate unemployment into the mid-30 percent range within years.
Mortgage Rates Hold Near 6.3% as Fed Stays Put, Cooling Refinance Demand
Following the Federal Reserve's decision to maintain its benchmark interest rate, the average 30-year fixed mortgage rate held near 6.3% this week. Mortgage applications fell sharply, led by a 19% drop in refinancing activity.
Fed Maintains Rates, Signals Single 2026 Cut Amid Elevated Inflation Outlook
The Federal Reserve kept its benchmark rate unchanged and now anticipates only one rate reduction in 2026, as policymakers increased their inflation projections. Stocks declined following the announcement.
Fed to Maintain Rates Amid Oil Spike and Inflation Pressure
The Federal Reserve is likely to keep interest rates unchanged Wednesday, with surging oil prices and persistent inflation delaying anticipated rate cuts. Key data shows consumer prices rose 0.3% in February while payrolls declined by 92,000.
Producer Prices Surge 3.4% in February, Delaying Fed Rate Cut Expectations
U.S. producer prices rose 0.7% in February, exceeding forecasts and driving the annual rate to 3.4%. The hotter-than-expected data sent stocks lower and pushed back market expectations for the Federal Reserve's first interest rate cut.