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.
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An eruption of Indonesia’s Mount Anak Krakatau has disrupted air travel, school activities and fishing operations, with hundreds of passengers stranded at Jakarta’s main airport on Sunday.
Iranian Parliament Speaker Mohammad Bagher Ghalibaf said on Sunday that the United States must recognise that the “rules of the game” in its war against Iran had changed “before it is too late”, a day after Washington struck several Iranian tankers in the Gulf.
U.S. negotiators Steve Witkoff and Jared Kushner have arrived in Moscow for peace talks on the Russia-Ukraine conflict, two people familiar with the matter said. They were met by Russian Presidential Envoy Kirill Dmitriev.
Two Greek military pilots were killed on Saturday when an F-4 Phantom fighter jet crashed during an air show at Tanagra air base, north of Athens, officials said.
Russian President Vladimir Putin held more than three hours of talks with U.S. envoys Steve Witkoff and Jared Kushner in Moscow on efforts to end the Ukraine war.
South Korean President Lee Jae Myung has left for France for a four-day visit aimed at strengthening ties with Paris, including a summit with French President Emmanuel Macron.
Adidas is facing calls for a boycott after featuring former Israeli soldier Shalev Biton in a campaign for its Single Shoe Service, as critics question the choice against the backdrop of the Gaza war and thousands of life-changing injuries.
Two Greek military pilots were killed on Saturday when an F-4 Phantom fighter jet crashed during an air show at Tanagra air base, north of Athens, officials said.
Russian President Vladimir Putin held more than three hours of talks with U.S. envoys Steve Witkoff and Jared Kushner in Moscow on efforts to end the Ukraine war.
U.S. ambassador to Israel Mike Huckabee told reporters on Saturday that there is no plan underway to force Palestinians out of Gaza, following Israel's government proposal on relocation plans for people in Gaza.
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