Economy News
Economic news covering Fed interest rate decisions, inflation data, jobs reports, GDP growth, and macroeconomic trends affecting the stock market.
Mortgage Rates Dip Slightly as Housing Market Struggles
Mortgage rates edged lower this week, with the 30-year fixed average at 6.31%. However, housing demand remains weak, with existing-home sales falling 3.6% in March.
Mortgage Rates Retreat, Breaking Five-Week Ascent
The average 30-year fixed mortgage rate declined to 6.37% this week, ending a five-week streak of increases. Purchase applications rose slightly but remain below last year's levels.
Amazon Imposes 3.5% Fuel Surcharge on Sellers Amid Rising Oil Prices
Amazon is introducing a 3.5% fuel and logistics surcharge on fulfillment fees for third-party sellers in the U.S. and Canada, effective April 17. The move comes as Brent crude oil prices hover around $110 per barrel, increasing delivery costs across the logistics sector.
Mortgage Rates Inch Lower, Affordability Squeeze Persists for Spring Buyers
U.S. mortgage rates edged down slightly, with the 30-year fixed average at 6.43%. However, purchase applications declined and the median monthly payment rose, highlighting ongoing affordability challenges.
U.S. Mortgage Rates Hit 6.46%, Highest Since Fall, Squeezing Spring Buyers
U.S. mortgage rates have surged, with Freddie Mac's benchmark 30-year fixed rate reaching 6.46%, the highest level since September. The jump is cooling housing activity, with purchase applications down and refinancing demand plummeting.
Mortgage Rates Hold Near Recent Highs, Adding Pressure to Spring Homebuyers
Key mortgage rates held near multi-month highs on Tuesday, sustaining affordability challenges for prospective homebuyers this spring. Data from major trackers showed continued volatility, with the 10-year Treasury yield hovering around 4.5%.
Mortgage Rates Edge Lower Amid Market Volatility, Affordability Concerns Persist
The average 30-year fixed mortgage rate eased to 6.55% on March 30, offering minor relief. However, broader measures show rates remain elevated, with purchase applications down 5.4% and refinancing demand plunging 14.6%.
India's Banking System Braces for Year-End Holiday Disruptions
A series of bank holidays in India, coinciding with the financial year-end, is set to impact branch-based transactions like salary processing and cheque clearing from March 28 to April 3. Digital services will continue uninterrupted.
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.