The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) increased to 7.01% from 6.91%.
US Domestic Bank Deposits Drop For Second Straight Week On the heels of a major deposit outflow the week before, and a huge (record) money-market fund outflow last week, all eyes are back on the banks again on Friday evening to see if this 'flight' continues as Tax-Day drags cash away from its comfy-5%-earnings-spots. On a seasonally-adjusted basis, total US bank deposits declined for the second straight week (though only $2.4BN) after reaching back to pre-SVB levels Source:...
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.
The U.S. economy is still hot, which means that the real-estate industry will face headwinds in the coming months due to higher mortgage rates.
Action films won the weekend at the Box Office. Godzilla x Kong: The New Empire remained at the top of the heap for the second week in a row.
Gold & The Dollar Surged This Week, Stocks & Crypto Purged As Reflation & WW3-Risk Wreck Rate-Cut Hopes Inflation fears/promises/threats were realized this week with CPI and PPI hot (yes PPI) and UMich infl exp rising too. Inflation data has been surprising to the upside all year and growth data not so much Source: Bloomberg and that rising inflation expectation wrecked the hopes and dreams of the doves this week, smashing expectations for The Fed to less than two total cuts in...
“Godzilla x Kong: The New Empire” easily swatted away a pair of challengers to hold on to the top spot at the box office for the second week in a row, according to studio estimates Sunday.
Katie Stewart's two-run bomb in the fourth inning was enough to push Texas past Oklahoma for the Longhorns' first series victory over OU since 2009.
Tangible (TNGBL) traded 0.9% lower against the U.S. dollar during the twenty-four hour period ending at 19:00 PM ET on April 8th. One Tangible token can currently be purchased for $2.08 or 0.00002905 BTC on popular cryptocurrency exchanges. During the last week, Tangible has traded down 4.4% against the U.S. dollar. Tangible has a total […]
David Koch, the former host of Sunrise who is now Compare the Market's economic director, has issued a warning to mortgage holders tempted by the prospect of a lower home loan rate.
IMF is projecting a growth rate of 4.4 per cent for Ghana by the end of 2025. This was captured in the IMF’s Global Economic Outlook released on the sidelines of the Annual World Bank/ IMF Spring Meetings in Washington DC USA, on April 16, 2024. The IMF in the report also projected that Ghana […]
Phantoms coach Ryan Ward said because his team is so young, he is glad they had a chance to play in the first round and get some playoff experience under their belt.