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July Mortgage Rate Forecast: Buyers Retreat as Rates Rebound
When rates fell to around 6.7% (the lowest level in months) in early July, applications for home loans promptly ticked up, according to the Mortgage Bankers Association. But when the average 30-year fixed rate jumped to around 6.8% last week, mortgage activity plummeted 10%.
The jobless rate had held between 3.9% and 4.2% since late 2023 even as the broader economy slowed, a surprising resilience ...
The Pound Euro ( GBP/EUR) exchange rate wavered on Thursday as markets reacted to the UK’s latest labour market report. At ...
U.S. retail sales rebounded more than expected in June, suggesting a modest improvement in economic activity and giving the Federal Reserve cover to delay cutting interest rates while it gauges the ...
Some investors had clung to a bit of hope that the Federal Reserve would cut interest rates at its next meeting on July 30.
The Altcoin Season Index rises amid expanding altcoin market capitalization, reflecting increasing interest in meme tokens ...
The Reserve Bank shocked most experts, and borrowers, by keeping interest rates on hold in July, but does it mean we might ...
Wells Fargo beat second-quarter profit estimates on Tuesday but cut its 2025 guidance for net interest income, dropping ...
Interest in Pepe remains high despite the trend reversal experienced on Tuesday, which saw the meme coin test support at ...
The Federal Reserve cut interest rates in 2024 after having raised them 11 times throughout 2022 and 2023 to combat inflation, but savings rates still haven't substantially declined.
Jamie Dimon warned that markets are underestimating inflation and the risk of more Fed rate hikes amid global trade tensions.
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