Mortgage rates rise to 6.45% as Iran headlines push oil and yields higher
The average 30-year fixed mortgage rate rose to 6.45%, the highest since April 3, as Iran headlines pushed oil and bond yields higher.
Ben Carter is a staff writer at P&L, covering markets, dealmaking, and public companies. He previously worked in equity research, focusing on valuation, earnings, and IPOs.
The average 30-year fixed mortgage rate rose to 6.45%, the highest since April 3, as Iran headlines pushed oil and bond yields higher.
The Bank of Canada now expects housing to cut 0.1 percentage points from GDP growth this year, after projecting a 0.2-point boost in January.
Powell said he will stay on as a Fed governor after his chair term ends, blocking Trump from immediately filling his board seat.
The Fed wants to see the full impact of the oil and tariff shocks before considering rate cuts.
Meta lifted its 2026 capex estimate to $125 billion to $145 billion, deepening investor focus on AI costs.
The Bank of Canada now expects housing to subtract 0.1 percentage points from GDP growth this year, after forecasting a 0.2-point boost in January.
Jerome Powell said he plans to stay on the Fed’s Board after his chair term ends in mid-May, pending the building-renovation probe.
Powell said the Fed wants to see the full impact of energy and tariff shocks before considering cuts.
Meta raised capex guidance to $125 billion to $145 billion, and its stock fell more than 5% after hours.
Amazon, Alphabet and Microsoft posted double-digit cloud growth as AI demand kept turning into revenue.
The Bank of Canada held its policy rate at 2.25% for a fourth straight meeting.
Four officials dissented, the most since 1992, with Stephen Miran favoring a quarter-point cut and three others objecting to future-cut language.