Mortgage rates slip to a spring low, drawing buyers back
Freddie Mac put the 30-year fixed rate at 6.23%, while purchase applications rose 10% and refinance demand climbed 6%.
Latest Posts Latest Posts Latest Posts
Latest Posts Latest Posts Latest Posts
Latest
Page 28
U.S. PMI rises, price pressures at 2022 high
U.S. business activity improved in April as S&P Global’s flash composite PMI rose to 52.0, but the output-price gauge jumped to 59.9, its highest since July 2022.
S&P 500, Nasdaq hit records with Brent crude above $100
Wall Street shrugged off the Iran shock as the S&P 500 and Nasdaq hit records even with Brent crude back above $100 and the Strait of Hormuz closed.
Purchase applications jump 10% in spring homebuying rebound
Freddie Mac’s 30-year mortgage rate fell to 6.23%, its lowest for 3 spring homebuying seasons, and purchase loan applications jumped 10% last week.
Ceasefire deadline: Trump threatens fresh strikes on Iran
Trump's ceasefire deadline and Iran's leverage over the Strait of Hormuz are driving oil prices higher as the IMF warns of a possible global recession.
S&P Global PMI points to slower growth and hotter inflation
U.S. business activity rebounded in April as S&P Global's flash PMI rose to 52.0, but price pressures hit a nearly 4-year high amid Iran war supply disruptions.
S&P 500, Nasdaq hit records despite Iran oil shock
The S&P 500 and Nasdaq Composite hit records as investors bet strong earnings will outweigh Iran-related oil risks.
Germany lowers 2026 growth forecast to 0.5% amid higher energy costs
Germany’s economy ministry cut its 2026 growth forecast to 0.5% as higher oil and gas prices lifted inflation expectations.
Lower mortgage rates lift purchase applications 10%
The MBA said purchase applications jumped 10% as the 30-year mortgage rate fell to 6.35%, but affordability remains uneven.
Chancellor Merz's Germany cuts 2026 growth forecast to 0.5%
US mortgage applications for home purchases rose 10.1% last week as the average 30-year rate fell to 6.35%, its lowest since mid-March.
Iran ceasefire leaves oil volatile amid stock gains
Brent crude moved back above $100 a barrel as Iran seized ships in the Strait of Hormuz, while Japan and South Korea stocks hit record highs after Trump extended the truce.
Greer calls US-Canada positions far apart before July 1 USMCA review
Jamieson Greer says the two sides remain fundamentally misaligned ahead of the 1 July USMCA review.