US 30-yr fixed rate mortgage averages 6.11% in March 12th week (prev. 6.00%), according to Freddie Mac
The increase in the US 30-year fixed mortgage rate to 6.11% suggests a continued tightening of the housing market, potentially impacting affordability and demand.
TotalEnergies (TTE FP) says production shutting down in Qatar, Iraq, and the UAE offshore; operations at Satorp are continuing normally for now
Meta (META) is introducing new Meta Ai-powered features on Facebook marketplace
US 30-yr fixed rate mortgage averages 6.11% in March 12th week (prev. 6.00%), according to Freddie Mac
Majority of US Senate votes to pass housing affordability bill; voting continues
Maersk (MAERSKB DC) says incident involving time-chartered vessel source blessing occurred Thursday morning in Persian Gulf; no impact reports to containers and all crew safe
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This uptick could reinforce concerns about inflation and prompt the Federal Reserve to consider maintaining a restrictive monetary policy. Market participants should watch housing-related sectors and consumer sentiment for further signals.
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