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.
French prosecutors said on Wednesday (October 29) that two men arrested on suspicion of stealing jewels from the Louvre Museum have “partially admit...
Centrist liberal party D66, led by Rob Jetten, has taken a shock lead in the Dutch election, according to the main exit poll, just two years after the...
U.S. stocks were mixed late Wednesday as traders digested comments from Federal Reserve Chair Jerome Powell, who signaled that another interest rate c...
The non-partisan Congressional Budget Office (CBO) has estimated that the ongoing U.S. federal government shutdown could reduce the economy by between...
Lithuania will keep its border crossings with Belarus closed for a month after balloons carrying cigarettes repeatedly disrupted air traffic at Vilniu...
French prosecutors said on Wednesday (October 29) that two men arrested on suspicion of stealing jewels from the Louvre Museum have “partially admitted” their involvement in the daring daylight robbery — but the stolen treasures are still missing.
Centrist liberal party D66, led by Rob Jetten, has taken a shock lead in the Dutch election, according to the main exit poll, just two years after the party ranked sixth in the previous vote.
U.S. stocks were mixed late Wednesday as traders digested comments from Federal Reserve Chair Jerome Powell, who signaled that another interest rate cut in December is far from guaranteed. The Dow Jones Industrial Average and S&P 500 edged slightly lower, while the Nasdaq climbed on continued gains
The non-partisan Congressional Budget Office (CBO) has estimated that the ongoing U.S. federal government shutdown could reduce the economy by between $7 billion and $14 billion, shaving up to 2 percent off fourth-quarter gross domestic product, the agency said Wednesday.
A small, silent object from another star is cutting through the Solar System. It’s real, not a film, and one scientist thinks it might be sending a message.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
A tsunami threat was issued in Chile after a magnitude 7.8 earthquake struck the Drake Passage on Friday. The epicenter was located 135 miles south of Puerto Williams on the north coast of Navarino Island.
The war in Ukraine has reached a strategic impasse, and it seems that the conflict will not be solved by military means. This creates a path toward one of two alternatives: either a “frozen” phase that can last indefinitely or a quest for a durable political regulation.
A shooting in Nice, southeastern France, left two people dead and five injured on Friday, authorities said.
Hundreds of civilians were reportedly killed by the Rapid Support Forces at the main hospital in el-Fasher, days after the militia captured the Sudanese city, the head of the UN health agency said.
Ukrainian President Volodymyr Zelenskyy said on Wednesday that the most difficult situation on the front line remains the eastern city of Pokrovsk, where fighting continues to be most intense due to a strong concentration of Russian forces.
The International Atomic Energy Agency (IAEA) is conducting inspections in Iran but has not visited the three sites that were bombed by the United States in June, IAEA Director General Rafael Grossi said Wednesday.
Spain held a state funeral on Wednesday to honor the 237 victims of the deadly Valencia floods that struck on October 29, 2024, the most catastrophic flooding in Europe in more than five decades.
The French government expressed concern over the violent crackdown on post-election protests in Cameroon, urging authorities to guarantee the safety and physical integrity of all citizens, the Foreign Ministry said Wednesday.
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