U.S. mortgage interest rates saw slight changes last week as applications for refinancing increased, even though home purchase applications dipped.
The average interest rate for 30-year mortgages in the U.S. edged up from 6.84% to 6.88% during the week ending June 20, according to the Mortgage Bankers Association (MBA). While applications for home purchases declined by 0.4%, refinancing requests rose by 3%. Meanwhile, the average rate for 15-year mortgages decreased slightly from 6.14% to 6.11%.
MBA Vice President Joel Kan attributed these shifts to falling bond yields influenced by Middle East conflicts, economic conditions, and last week's Federal Reserve meeting. Despite a minor rise in mortgage rates, they stayed within a narrow range, with overall applications rising modestly, largely driven by refinancing activity.
Qarabağ FK is facing Ajax in a key Champions League league phase match at the Tofiq Bəhramov Stadium in Baku....
Uzbekistan will introduce a nationwide system to assess the resilience of officials and civil service candidates to corruption risks from 2026, accord...
President of the Republic of Azerbaijan Ilham Aliyev has thanked U.S. President Donald Trump. In his letter, the head of state expressed deep gratitud...
Hungary’s move to secure guaranteed Russian gas transit through Türkiye has stabilised a key supply corridor, but the country’s continued relianc...
Ukraine faces a narrowing diplomatic space as pressure builds around U.S. backed peace proposals, warning that the structure of the conflict may leave...
Qarabağ FK is facing Ajax in a key Champions League league phase match at the Tofiq Bəhramov Stadium in Baku.
Uzbekistan will introduce a nationwide system to assess the resilience of officials and civil service candidates to corruption risks from 2026, according to a presidential decree adopted this week.
Military coups have reappeared across West Africa and the Sahel. Recent events in Guinea-Bissau and coup attempt in Benin add to a growing list of abrupt power shifts over the past five years.
Hate speech targeting Muslims and Christians in India surged by 74% in 2024, driven by election-season rhetoric and unrest in neighboring Bangladesh, according to a new report from the India Hate Lab, a Washington-based research organization.
Scores of demonstrators gathered outside the Norwegian Nobel Institute in Oslo Tuesday (9 December) to protest against the awarding of this year’s Nobel Peace Prize to Venezuelan opposition leader Maria Corina Machado.
Pressure is mounting between Venezuela and the United States as both nations emphasise military preparedness and strategic positioning.
Iran and Saudi Arabia reiterated their commitment to enhance ties following a joint meeting with China in Tehran on Tuesday to follow up on implementation of the 2023 Beijing Agreement which resulted in resumption of their diplomatic relations after eight years.
Tanzania's government warned on Monday that protests scheduled for Tuesday would be illegal and amounted to an attempted coup, as security forces were heavily deployed in major cities.
The world’s leading minds and voices will be honoured on Wednesday, 10 December, the anniversary of Alfred Nobel’s death, as Nobel Prizes are presented in Stockholm and Oslo.
Qarabağ FK is facing Ajax in a key Champions League league phase match at the Tofiq Bəhramov Stadium in Baku.
Hungary’s move to secure guaranteed Russian gas transit through Türkiye has stabilised a key supply corridor, but the country’s continued reliance on Moscow raises questions.
Ukraine faces a narrowing diplomatic space as pressure builds around U.S. backed peace proposals, warning that the structure of the conflict may leave little room to avoid difficult territorial choices.
Democracies must be prepared to fight for freedom in order to survive, Nobel Peace Prize laureate Maria Corina Machado said on Wednesday, in a speech delivered by her daughter during a ceremony Machado could not attend.
The possibility of restricting social media access for children is a hot topic in the European Union and the United Kingdom, after Australia implemented a world-first ban for those under 16. Lawmakers have labelled the ban a “real-world test” of how far governments can go to protect young people.
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