New data from Freddie Mac reports a fifth straight rise in weekly average 30-year and 15-year fixed mortgage rates, while daily rates appear to have calmed after this week’s news of a Fed rate pause as of Friday, May 3, 2024. The current average rate for a 30-year fixed mortgage is 7.36% for both purchase
By Ann Saphir (Reuters) -Prospects for a first Federal Reserve interest-rate cut before the end of summer took a body blow on Wednesday with another U.S. inflation report that cast into stark relief the stickiness of price pressures across the U.S. economy. After months of centering on June for the start of Fed policy easing,
Good morning. The booming US stock market is making some people nervous, but maybe the Magnificent Seven aren’t so expensive after all. Plus, there’s a big bet riding on market calm and unstoppable crypto markets may score a win in London. Here’s what people are talking about. — Sofia Horta e Costa Want to receive