Economy News
Economic news covering Fed interest rate decisions, inflation data, jobs reports, GDP growth, and macroeconomic trends affecting the stock market.
Mortgage Rates Approach Six-Month Peak Ahead of Key Economic Data
U.S. mortgage rates have climbed close to their highest levels in half a year, with the 30-year fixed rate reaching 6.64%. The surge comes amid rising Treasury yields and a significant decline in mortgage applications.
Mortgage Rates Hit Multi-Month Peak as Treasury Yields Surge
U.S. mortgage rates rose sharply this week, with the 30-year fixed average reaching 6.38% as Treasury yields climbed. Mortgage applications fell 10.5% amid higher borrowing costs.
Mortgage Rates Hit 8-Month High, Pressuring Housing Demand and Lender Stocks
Mortgage rates reached an eight-month peak on Friday, with the average 30-year fixed loan at 6.64%. The Mortgage Bankers Association reported a 10.5% weekly drop in applications as affordability concerns mount.
U.S. Mortgage Rates Surge to 6.38%, Dampening Spring Housing Activity
U.S. mortgage rates climbed to a six-month high of 6.38% this week, pressuring borrower demand. The Mortgage Bankers Association reported a 10.5% weekly decline in applications as costs rose.
Mortgage Rates Surge to 6.38%, Highest Since September, Pressuring Housing Stocks
The average 30-year fixed mortgage rate jumped to 6.38% this week, reaching its highest level since early September. The increase, driven by rising Treasury yields and surging oil prices, contributed to a 10.5% weekly drop in mortgage applications.
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.