Latest Currency markets News
The average long-term US mortgage rate edged up to 7.19% this week, slightly below its 2023 high
LOS ANGELES (AP) — The average long-term U.S. mortgage rate edged up again this week, another setback for would-be homebuyers navigating an increasingly less affordable housing market. The average rate on the benchmark 30-year home loan rose to 7.19% from 7.18% last week, mortgage...
Hong Kong to scrutinize cryptocurrency regulation after arrests linked to JPEX exchange
HONG KONG (AP) — Hong Kong’s leader said Tuesday that the territory will scrutinize the regulation of digital assets after police arrested eight people over allegations of fraud at an unlicensed cryptocurrency exchange that impacted more than 1,600 investors and over $150 million in assets. ...
The average long-term US mortgage rate edged up to 7.18% this week, where it stood two weeks ago
LOS ANGELES (AP) — The average long-term U.S. mortgage rate edged up this week, pushing higher the borrowing costs for prospective homebuyers already facing a housing market limited by a dearth of homes for sale and rising prices. The average rate on the benchmark 30-year home loan...
Fewer apply for home loans as borrowing costs, rising prices shut out prospective homebuyers
LOS ANGELES (AP) — U.S. home loan applications are the lowest in decades as evidence mount that rising mortgage rates and home prices are shutting out many aspiring homeowners. An index that tracks mortgage application volume shows applications for loans to buy a home fell last...
The average long-term US mortgage rate fell to 7.12%, second weekly drop since marking 22-year high
LOS ANGELES (AP) — The average long-term U.S. mortgage rate fell again this week, but remains near the 22-year high it hit three weeks ago, little relief for house hunters facing persistently high prices and a near-historic low number of homes for sale. Mortgage buyer Freddie Mac...
The average long-term US mortgage rate fell to 7.18% this week, easing from more than 20-year high
LOS ANGELES (AP) — The average long-term U.S. mortgage rate slipped after climbing for five consecutive weeks to a more than 20-year high, a modest relief for would-be homebuyers challenged by rising home prices and a thin inventory of homes on the market. Mortgage buyer Freddie...
Average long-term US mortgage rate jumps to 7.23% this week to highest level since June 2001
LOS ANGELES (AP) — The average long-term U.S. mortgage rate climbed further above 7% this week to its highest level since 2001, another blow to prospective homebuyers grappling with rising home prices and a stubbornly low supply of properties on the market. Mortgage buyer Freddie...
Have home prices bottomed? While low housing inventory stymies sales, bidding wars prop up prices
LOS ANGELES (AP) — The U.S. housing market remains in a deep sales slump, but the worst declines may be over when it comes to home prices. While home sales have fallen 22.3% through the first seven months of the year versus the same stretch in 2022, prices are being propped up by...
Emerging economies are pushing to end the dollar's dominance. But what's the alternative?
ABUJA, Nigeria (AP) — Business has vanished at Kingsley Odafe’s clothing shop in Nigeria’s capital, forcing him to lay off three employees. One culprit for his troubles stands out: The U.S. dollar’s strength against the Nigerian currency, the naira, has pushed the price of...
Sifco: Fiscal Q2 Earnings Snapshot
CLEVELAND (AP) — CLEVELAND (AP) — Sifco Industries Inc. (SIF) on Monday reported a loss of $2.4 million in its fiscal second quarter. The Cleveland-based company said it had a loss of 40 cents per share. Losses, adjusted for non-recurring costs, came to 22 cents per share. ...
