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Mortgage rates fell slightly this week, down from 6.95% a week earlier. The average 30-year mortgage rate is now 6.89%.
Published on: February 06, 2025, 07:01 PM UTC
Traders expect further interest rate cuts from the Bank of England after policymakers lowered borrowing costs and two voted for a bigger reduction. The pound fell while bonds initially rallied.
Published on: February 06, 2025, 07:01 PM UTC
Federal Reserve President Austan Goolsbee says the U.S. economy has settled into full employment and inflation is looking better. As a result, the Fed will continue cutting interest rates, though uncertainty about the impact of tariffs and other policy changes argues for a slower approach.
Published on: February 06, 2025, 07:00 PM UTC
The Trump administration shifts its focus towards long-term Treasury bond yields, potentially signaling sensitivity to economic restraints and distancing themselves from the Fed's actions.
Published on: February 06, 2025, 07:00 PM UTC
Cemex shares rally as the cement maker sees improving demand in the US, its largest market, despite lower volumes impacting 2024 sales. The company announces a $350 million cost-cutting plan and expects a boost from infrastructure projects under the Biden administration's Infrastructure Investment and Jobs Act.
Published on: February 06, 2025, 06:03 PM UTC
Wall Street trades cautiously ahead of Amazon earnings and Friday's crucial jobs report, with mixed corporate results and economic data providing little direction.
Published on: February 06, 2025, 06:03 PM UTC
Qualcomm and Arm shares fell after their earnings outlooks indicated that AI is not yet driving consumer demand for their chips despite their strong December quarter results.
Published on: February 06, 2025, 06:02 PM UTC
Mortgage rates fell slightly this week as markets digested the Trump administration's tariff plans. 30-year rates averaged 6.89%, down from 6.95% last week. 15-year rates fell to 6.05% from 6.12%.
Published on: February 06, 2025, 06:01 PM UTC
In his confirmation hearing to become the U.S. trade representative, Jamieson Greer faced bipartisan skepticism and concerns about the impact of trade actions on rural communities.
Published on: February 06, 2025, 06:01 PM UTC
Despite a slight dip in mortgage rates, experts predict they will remain elevated in 2023, making homeownership more challenging for prospective buyers.
Published on: February 06, 2025, 06:01 PM UTC