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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Sweden's centre-right government has abandoned plans to lower the age of criminal responsibility to 13, instead proposing a revised threshold of 14, Justice Minister Gunnar Strömmer confirmed on Thursday (11 June).
The U.S. is deepening engagement with Central Asia on critical minerals as global competition for strategic resources intensifies. The issue dominated talks in Astana between Washington and the five Central Asian states.
The United States launched overnight strikes on military targets across Iran, as President Donald Trump warns of further attacks unless a peace deal is reached. Iran responded by targeting U.S. bases in the Gulf and announced the closure of the Strait of Hormuz.
Mexico and South Africa meet in Thursday’s World Cup opener in Mexico City, with both teams approaching the match from very different positions but facing their own pressures.
Azerbaijan's Foreign Ministry says 19 citizens have been repatriated following a deadly drone attack on two cargo ships in the Sea of Azov on 5 June.
A Sudanese man has been arrested over a knife attack in Belfast that left a man seriously injured and prompted calls online for a protest after footage of the incident circulated widely on social media.
Iran and Israel said on Monday (8 June) they had halted attacks on each other following an appeal from U.S. President Donald Trump, as Axios reported that Trump had privately told Benjamin Netanyahu “be careful, or you will be on your own very soon”.
Ukraine's military said it struck a Russian "shadow fleet" tanker in the Black Sea as part of ongoing efforts to disrupt Moscow's energy and logistics networks. The move underscores Kyiv's focus on targeting maritime assets it says are used to bypass sanctions on Russian oil exports.
A Canadian mother has filed a lawsuit against OpenAI and its chief executive Sam Altman, alleging that the company's ChatGPT chatbot encouraged her daughter's suicidal thoughts and failed to intervene before her death.
The ambassadors of France, Germany and Britain have attended a meeting at Russia’s Foreign Ministry, raising questions about a possible ceasefire between Moscow and Kyiv, or at least the resumption of peace talks.
British Defence Minister John Healey has resigned from UK Prime Minister Keir Starmer’s government over a disagreement about defence spending.
Pope Leo has arrived in the Canary Islands for the final leg of his visit to Spain, where he is set to meet migrants who survived dangerous Atlantic crossings and renew his call for greater global compassion towards people on the move.
Chinese Vice Premier Zhang Guoqing will attend a video conference hosted by French President Emmanuel Macron on Thursday (12 June) to discuss global economic imbalances, marking a rare high-level engagement between China and G7 nations ahead of next week's summit in France.
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