US 30-yr fixed rate mortgage averages 6.37% in May 7th week (prev. 6.30% W/W), via Freddie Mac
The rise in the average fixed rate mortgage to 6.37% from 6.30% week-over-week indicates continued upward pressure on borrowing costs, which may dampen housing demand.
The US Treasury Dept. has demanded Binance comply with a monitoring program US regulators imposed on the crypto exchange in 2023, when it pleaded guilty to charges related to sanctions and anti–money-laundering violations, via The Information
Shell (SHEL LN) CEO says there is real possibility that we see continued bullishness on overall energy prices for next 6-12 months
US 30-yr fixed rate mortgage averages 6.37% in May 7th week (prev. 6.30% W/W), via Freddie Mac
Iran Secretary of the Parliament's National Security Commission says No uranium has been exported from the country, via Nour News
Chevron (CVX) expects to continue delivering crude oil from its Venezuelan assets to the US and international markets
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This shift aligns with recent trends in mortgage rates and could influence broader economic conditions, particularly in relation to the growth-inflation mix and Fed policy considerations moving forward.
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