Mortgage rates fall for third week to 6.23%, lowest since March 19
Mortgage rates fell for a 3rd straight week, with the average 30-year fixed loan at 6.23% and buyers getting a short-term lift in the spring housing market.
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.
U.S. consumer sentiment hits record low in April
Russia cut its key rate to 14.5% for the eighth straight time, even as the central bank flagged slowing demand, weak investment and “unfavourable weather conditions.”
Nvidia market value tops $5 trillion on AI trade rebound
Nvidia closed at a record, lifting its market value past $5 trillion as investors rushed back into the AI trade and sent chip stocks higher.
Brent crude swings reflect Hormuz shock repricing
Iran said the strait was "completely open," but Brent fell 10% and rebounded after an attack on an Indian tanker.
Michigan sentiment sinks to record on higher inflation expectations
U.S. consumer sentiment sank to a record 49.8 in April as year-ahead inflation expectations rose to 4.7%, with gasoline and diesel prices driving the slump.
Record-low U.S. consumer sentiment diverges from stock market highs
Consumer sentiment hits a record low as war in Iran, higher gasoline prices and tariffs revive inflation fears, even with U.S. stocks near highs.
AI trade: Nvidia tops $5 trillion amid chip rally
Nvidia topped $5 trillion in market value after Intel's strong earnings fueled a broad chip rally, with AMD up 14% and Qualcomm up 11%.
Businesses get first crack at tariff refunds
Tariff refunds are moving through a new federal portal, but businesses will get paid before households tied to Trump’s promised dividend.
War risk: mortgage rates hold near monthly lows
Mortgage rates held near recent lows Friday, with the top-tier 30-year fixed rate at 6.32% for a seventh straight day.
Consumer sentiment sinks to record low on inflation fears
U.S. consumer sentiment hit a record low in April as inflation fears rose even after a ceasefire with Iran briefly eased war jitters.
Nvidia record close lifts market value past $5 trillion
Nvidia shares rose to a record and pushed its market value past $5 trillion as Intel's surprise earnings beat fueled a fresh rally in AI stocks.
War-driven costs push U.S. output prices to near four-year high
S&P Global’s April flash composite PMI rose to 52.0, but output prices hit a near four-year high and supplier delays worsened as war-driven cost pressures built.