Home prices continue to slow across America. Home prices dropped by 0.5% in September from August, according to CoreLogic’s Home Price Index and Home Price Index Forecast. Home price appreciation Read more
Tag: Rates
U.K. retailers group calls for business rates freeze to support investment, protect consumers
The U.K. government should freeze business rates to support investment and help keep prices low for consumers, the British Retail Consortium has said ahead of a planned 800 million-pound ($930.2 Read more
BOJ raises inflation expectations, maintains ultralow interest rates
TOKYO — The Bank of Japan on Friday raised its inflation forecast by 0.6 percentage point amid increases in energy prices and a weak yen, but it left its ultralow Read more
Inflation takes its toll on American finances as emergency funds run dry and mortgage rates surpass 7%, Freddie Mac says
Hi, MarketWatchers. Don’t miss these top stories. ‘The calm before the storm’: Employer healthcare premiums hold steady despite inflation, but experts warn that may not last Healthcare inflation will likely Read more
Mortgage rates surpass 7%, Freddie Mac says — ‘leading to greater stagnation in the housing market’
High mortgage rates continue to pressure the housing market, as the sector undergoes a deep slow down after two years of blockbuster growth. The 30-year fixed-rate mortgage averaged 7.08% as Read more
ECB hikes interest rates by 75 basis points, taking deposit rate to 1.5%
The European Central Bank on Thursday lifted its key interest rates by 75 basis points, or 0.75 percentage point, as expected and said it would continue to hike rates in Read more
Republican and Democratic parents ‘deeply polarized’ over K-12 school subjects ahead of midterm elections and mortgage applications drop after rates top 7%, the highest since 2001
Hi, MarketWatchers. Don’t miss these top stories. An increase in Social Security can only do so much — new thinking is needed for older adults in the modern workforce For Read more
Opinion: When the stock market celebrates, the bond market spoils the party — because the Fed will raise interest rates to as high as 7%
There has been a similar scenario playing out all year in the markets. Signs appear that inflation is slowing — first in commodities, then in energy and now in manufacturing Read more
Mortgage applications drop after rates top 7%, the highest since 2001
The numbers: Mortgage applications fell 1.7% this week, as higher mortgage rates continue to depress buyer demand, dragging down the housing sector. Applications continue to trend at the lowest level Read more
Deutsche Bank beats forecasts, as higher rates help overcome headwinds
Deutsche Bank AG on Wednesday reported higher profit and revenue that beat expectations, overcoming a challenging investment-banking market to confirm its guidance for the year. The German lender’s DB, +2.54% Read more