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.
Israeli forces intercepted dozens of Gaza-bound aid vessels in the eastern Mediterranean on Monday (18 May), prompting condemnation from the United...
United Nations World Urban Forum 13 continues in Baku, Azerbaijan on 19 May with sessions and roundtable discussions focused on strengthening dialo...
U.S. President Donald Trump said on Monday that he had paused a planned attack on Iran after Tehran sent a peace proposal to Washington. He said th...
Russian President Vladimir Putin said Russia and China are prepared to support each other on issues linked to s...
Turkish Foreign Minister Hakan Fidan and German counterpart Johann Wadephul said Monday that Ankara and Berlin are bo...
Israeli forces intercepted dozens of Gaza-bound aid vessels in the eastern Mediterranean on Monday (18 May), prompting condemnation from the United Nations and Türkiye, while flotilla organisers said several ships continued sailing toward Gaza despite the operation.
Russian President Vladimir Putin said Russia and China are prepared to support each other on issues linked to sovereignty and national unity, ahead of his visit to Beijing for talks with Chinese President Xi Jinping.
Turkish Foreign Minister Hakan Fidan and German counterpart Johann Wadephul said Monday that Ankara and Berlin are both keen to deepen strategic cooperation.
A luxury polar expedition vessel linked to a hantavirus outbreak has arrived in Rotterdam, where health authorities have placed the final 27 people on board into quarantine and have begun containment measures.
The World Urban Forum (WUF13) continues in Baku, Azerbaijan on 18 May, addressing the global housing crisis. The day’s agenda includes the official opening press conference, the WUF13 Urban Expo opening and a ministerial dialogue on the Nairobi Declaration to advance Africa's urban agenda.
U.S. President Donald Trump said on Monday he had paused a planned attack on Iran after appeals from the leaders of Qatar, Saudi Arabia and the United Arab Emirates, allowing negotiations to continue over a possible deal to end the conflict.
A 5.2 magnitude earthquake struck China’s Guangxi region early on Monday, killing two people and forcing more than 7,000 residents in Liuzhou to evacuate as rescue efforts continued.
The World Health Organization (WHO) has declared an Ebola outbreak in the Democratic Republic of Congo (DRC) and Uganda a Public Health Emergency of International Concern (PHEIC), warning that the situation poses a significant risk of cross-border spread in Central Africa.
Eurovision Song Contest once again proved how unpredictable its outcome can be, with Bulgaria’s Dara turning a late surge into a dominant win while several expected contenders collapsed early. At the same time, the absence of the South Caucasus region from the final raised questions.
United Nations World Urban Forum 13 continues in Baku, Azerbaijan on 19 May with sessions and roundtable discussions focused on strengthening dialogue and advancing cooperation in urban development. Organisers say there are nearly 3 billion people globally who face some form of housing inadequacy.
Russian President Vladimir Putin said Russia and China are prepared to support each other on issues linked to sovereignty and national unity, ahead of his visit to Beijing for talks with Chinese President Xi Jinping.
Start your day informed with the AnewZ Morning Brief. Here are the top stories for the 19th of May, covering the latest developments you need to know.
A U.S. jury has ruled against Elon Musk in his lawsuit against OpenAI, finding the company not liable over claims it had abandoned its original mission to benefit humanity.
Two teenage gunmen opened fire on Monday at the Islamic Center of San Diego, California, killing a security guard and two other men outside the mosque before the suspects were found dead, apparently from self-inflicted gunshot wounds, police said.
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