March 28, 2024
Finance

Mortgage rates hover near 7%

Mortgage rates slipped this week, but homebuyers are waiting for a more significant drop before entering the expensive housing market. The average rate for 30-year mortgages remained below the 7% mark, but not by much, settling at 6.91% on Thursday, according to Mortgage News Daily. Another measurement tracking weekly average rates for the 30-year loan

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Funds

Fund Managers Downplay RBA Risks to Pile on Aussie Short Bets

(Bloomberg) — Asset managers are turbocharging bearish wagers on the Australian currency amid views the central bank is more likely to cut rates than raise. Real money funds held a near-record short Aussie dollar position of 99,366 contracts as of Feb. 27, according to data from the Commodity Futures Trading Commission. That’s even after the

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