Inflation in the eurozone remained unchanged in April, staying higher than analysts expected, official data showed on Friday, but was unlikely to sway the European Central Bank from its interest rate-cutting cycle.
Mortgage rates fell to a three-week low, and with positive trends in home prices and inventory, the market is gradually moving in favor of buyers.The average rate on a 30-year fixed-rate mortgage dropped 13 basis points to 6.87% in the week ending May 1, according to rates provided to NerdWallet by Zillow. A basis point...
Mortgage rates might pogo up and down in May. By the end of the month, they could rise due to tariff-related inflation or fall in response to a tariff-induced economic slowdown.Keep in mind that we're in exceptionally unpredictable times. Mortgage rates will probably be volatile in May, "because of growing uncertainty in the economy. It...
US consumer confidence has fallen to its lowest level since the onset of the Covid-19 pandemic, according to survey data published Tuesday, reflecting concerns about President Donald Trump's tariff plans.
Russia's central bank kept borrowing costs at a two-decade high of 21 percent on Friday to combat rampant inflation, despite banks and businesses warning the economy was headed for a slowdown.
President Donald Trump should be free to voice his opinion about the US Federal Reserve, a senior bank official said Thursday, while defending the central bank's independence to tackle inflation.Â
Sales of existing US homes pulled back more than expected in March, logging their biggest drop since late-2022 according to industry data released Thursday, as high mortgage rates weighed on affordability for homebuyers.
A relief rally swept global equity markets Wednesday as comments by US President Donald Trump that he had "no intention" of firing the head of the Federal Reserve and his signals of possible tariff cuts for China reassured investors.
US President Donald Trump said Tuesday he had no plans to fire the Federal Reserve chief, in apparently conciliatory remarks after berating him and triggering market turmoil.
Wall Street stocks rebounded Tuesday on upbeat remarks by US officials about trade talks with China, after gold earlier hit a record on jitters surrounding tariffs and other issues.