Federal Reserve policymakers have been obsessed with when they may safely lower interest rates to avoid a recession without impeding the path to 2% inflation.
The number of mortgage applications, including refinancings and additions, increased by 16 percent in the first quarter of 2024 compared to the same quarter last year. Applications for the purchase of a home increased by 19 percent, De Hypotheker reported on Wednesday. Half of these applications were from young home buyers under the age of 35.
Experian reports on what may be behind an increase in consumer personal debt including credit card, auto loan and mortgage payments.
The path for the Bank of England to cut interest rate cuts looks increasingly uncertain, particularly as the US Federal Reserve looks set to wait a while longer before loosening policy.
Mortgage interest rates have fallen across a range of products in recent weeks
LOS ANGELES >> The average long-term U.S. mortgage rate climbed this week to its highest level since late November, another setback for home shoppers in what’s traditionally the housing market’s busiest time of the year.
Existing home sales shrank in March as consumers respond to continuing price increases and rising mortgage rates. Sales for existing homes fell 4.3% in March compared to the previous month and 3.7% year-over-year, to an annual rate of 4.19 million, according to a press release from the National Association of Realtors (NAR). The average for a 30-year fixed-rate mortgage reached 7.10% this week, a substantial jump from 6.88% last week, depressing Americans’ desire to switch homes and possibly...
The ECB has become "the central bank to be followed," one central bank governor said.
Newport Furance in Co Mayo recorded the highest temperature in the country yesterday at 20.1 degrees.
Most of this week has been dominated by discussions about when the Bank of England will start cutting interest rates.
This marks the second consecutive year of declining undergraduate applications for Harvard.