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.
Norway is stepping up military support for Ukraine with a $640 million package aimed at boosting the country's drone capabilities, both on the battlefield and for infrastructure protection.
Ukraine faces a massive housing crisis as the ongoing war leaves over 2.5 million homes damaged or destroyed. Reconstruction efforts are advancing, but the road ahead remains long, complex, and deeply tied to economic, demographic, and security realities.
The EU is moving to simplify and unify its space policy with a landmark proposal—the EU Space Act aimed at boosting Europe’s competitiveness in the global space economy and establishing a single, streamlined market for space services.
Victor Arthein, a senior figure in the Guadeloupe Communist Party, has urged the territory to pursue political and economic independence from France, citing deep-rooted structural dependence and declining sovereignty.
German Chancellor Friedrich Merz praised Türkiye’s diplomatic efforts to mediate between Russia and Ukraine, calling for greater international pressure to push Moscow toward peace negotiations.
Indonesia has conducted the first passenger-carrying test flight of the EHang 216-S flying taxi, marking a milestone in the country's push towards future urban air mobility.
Norway is stepping up military support for Ukraine with a $640 million package aimed at boosting the country's drone capabilities, both on the battlefield and for infrastructure protection.
Ukraine faces a massive housing crisis as the ongoing war leaves over 2.5 million homes damaged or destroyed. Reconstruction efforts are advancing, but the road ahead remains long, complex, and deeply tied to economic, demographic, and security realities.
Afghan farmers are shifting away from opium cultivation as the interim government ramps up efforts to eliminate the drug trade, offering alternative crops and local support.
The EU is moving to simplify and unify its space policy with a landmark proposal—the EU Space Act aimed at boosting Europe’s competitiveness in the global space economy and establishing a single, streamlined market for space services.
Iran launched 18 ballistic missiles late Sunday targeting the U.S. military’s Al-Udeid Air Base in Qatar, the largest American installation in the Middle East.
Iranian missiles struck multiple locations across Israel and neighbouring regions early Friday morning, including a Microsoft office complex, according to emergency responders and local media reports.
A high-speed tram derailment in central Gothenburg, Sweden, has left at least eight people injured late on Thursday (19 June), after the vehicle slammed into a snack bar on Avenyn Avenue.
Wizz Air has suspended all flights to and from Tel Aviv, Israel, and its European services to Amman, Jordan, effective immediately until 15 September due to escalating situation in the Middle East. Also, the air carrier temporarily suspended its flights between Astana, Kazakhstan, and Abu Dhabi.
China has unveiled a mosquito-sized bionic drone designed for covert military operations and battlefield reconnaissance, marking a major advance in micro-robotics and stealth technology as part of the country’s growing focus on next-generation warfare capabilities.
Turkish President Recep Tayyip Erdogan met his Romanian counterpart Nicusor Dan on the sidelines of the NATO summit in The Hague, reaffirming a commitment to deepen bilateral ties and enhance Black Sea security.
Norway is stepping up military support for Ukraine with a $640 million package aimed at boosting the country's drone capabilities, both on the battlefield and for infrastructure protection.
Ukraine faces a massive housing crisis as the ongoing war leaves over 2.5 million homes damaged or destroyed. Reconstruction efforts are advancing, but the road ahead remains long, complex, and deeply tied to economic, demographic, and security realities.
Afghan farmers are shifting away from opium cultivation as the interim government ramps up efforts to eliminate the drug trade, offering alternative crops and local support.
Victor Arthein, a senior figure in the Guadeloupe Communist Party, has urged the territory to pursue political and economic independence from France, citing deep-rooted structural dependence and declining sovereignty.
Indonesia has conducted the first passenger-carrying test flight of the EHang 216-S flying taxi, marking a milestone in the country's push towards future urban air mobility.
Norway is stepping up military support for Ukraine with a $640 million package aimed at boosting the country's drone capabilities, both on the battlefield and for infrastructure protection.
Ukraine faces a massive housing crisis as the ongoing war leaves over 2.5 million homes damaged or destroyed. Reconstruction efforts are advancing, but the road ahead remains long, complex, and deeply tied to economic, demographic, and security realities.
Afghan farmers are shifting away from opium cultivation as the interim government ramps up efforts to eliminate the drug trade, offering alternative crops and local support.
The EU is moving to simplify and unify its space policy with a landmark proposal—the EU Space Act aimed at boosting Europe’s competitiveness in the global space economy and establishing a single, streamlined market for space services.
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