30-Year Mortgage Rate Rises to 6.45% as Iran Tensions Lift Treasury Yields
The 30-year fixed mortgage rate climbed to 6.45 percent, its highest since April 3, after Trump said the U.S. blockade on Iran would stay in place.
Ben Carter
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.
UAE Exits OPEC as Iran War Tightens Oil Markets
The UAE said it will leave OPEC next month, removing about 12% of the cartel’s output before the war shock.
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Mortgage rates rise to two-week highs as 30-year fixed hits 6.13%
The average 30-year fixed mortgage rate rose to 6.13 percent, the highest since April 14.
Consumer Confidence Climbs in April as Gasoline Costs Weigh on Households
Consumer confidence rose to 92.8 in April, while the Conference Board’s labor-market differential improved to 7.5% from 6.1% in March.
Fed Expected to Leave Rates Unchanged as Inflation Stays Near 3%
Jamie Dimon warned a bond crisis could hit if policymakers keep waiting as traders expect the Fed to hold rates Wednesday.
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Resource Bottlenecks Are Now State Leverage
The U.S. hit 13.2 million barrels per day of crude output in 2024, but it remains dependent on imports for 15 vital commodities.
Aging population redraws the U.S. labor market
ADP researchers say home health and personal care aide jobs will rise by 739,800 from 2024 to 2034 as aging pushes demand toward healthcare.
IEA warning: Qatar LNG damage tightens gas markets for two years
The IEA said damage to Qatar’s LNG facilities could keep gas markets tight for 2 years and delay the next supply wave.
China trims fiscal spending amid revenue rebound
China trimmed fiscal spending in March as revenue rebounded and first-quarter growth beat expectations, giving Beijing more room to hold back on new stimulus.