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mortgage rates

Mortgage rates spike in biggest one-week jump since April

Mortgage rates rose sharply last week, a new challenge for beleaguered house hunters and potential refinancing candidates.The average rate on a 30-year fixed-rate loan...

Mortgage refinancings fall as average rates move higher

Fewer homeowners are refinancing their mortgages, and purchase activity is essentially flat after mortgage rates rose sharply last week.Applications to refinance a mortgage fell...

When it comes to mortgage rates, this may be as good as it gets for a while

Mortgage rates may remain stuck in a narrow range around current levels and won't drop sharply anytime soon.Ahead of the Federal Reserve's rate cut,...

Long awaited turnarounds coming for Home Depot, Lowe’s after Fed’s rate cut

The light at the end of the tunnel is coming for the home improvement sector.A soft housing market has weighed on retailers like Lowe's...

Most Asia shares hold ground, Japan rate fears dent Nikkei

By Wayne ColeSYDNEY (Reuters) - Asia share markets were mostly firmer on Monday as China announced more stimulus measures, though the Nikkei dived on...

China tells banks to start cutting rates on existing mortgages

BEIJING (Reuters) - The People's Bank of China (PBOC) told commercial banks on Sunday to start lowering interest rates on all existing housing loans,...

US 30-year fixed-rate mortgage dips to 6.08%, lowest since Sept 2022

WASHINGTON (Reuters) - U.S. mortgage rates edged down to a two-year low this week, which could provide a further boost to refinancing activity, though...

Analysis-Chinese banks in need of capital injection to give thrust to economic stimulus steps

By Xie Yu and Sumeet ChatterjeeHONG KONG (Reuters) - As China steps up efforts to stabilise its economy with fresh stimulus, the country's top...

Analysis-Chinese banks in need of capital injection to give thrust to economic stimulus steps

By Xie Yu and Sumeet ChatterjeeHONG KONG (Reuters) - As China steps up efforts to stabilise its economy with fresh stimulus, the country's top...

A global hunt for neutral to shape world finance costs

By Howard Schneider and William SchombergWASHINGTON/LONDON (Reuters) - With key central banks now aligned in cutting interest rates a real-time experiment is underway in...

Asian Stocks to Rise as Dollar Strengthens on Yen: Markets Wrap

(Bloomberg) -- Asian equities were primed to gain on Thursday as a weaker yen and Beijing stimulus measures supported the region’s two largest stock...

US 30-year mortgage rate slips to 6.13%, refinancing jumps

(Reuters) - The interest rate for the most popular U.S. home loan ticked down to 6.13% last week, the lowest in about two years,...

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