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Mortgage Rates Hit 9-Month High, Freezing Out Homebuyers In Peak Season
Mortgage Rates Hit 9-Month High, Freezing Out Homebuyers In Peak Season
The average rate on a 30-year fixed mortgage climbed to its highest level since August, threatening to derail the spring selling season as higher Treasury yields and renewed inflation pressure push loan costs higher and freeze more prospective buyers out of the market.
Freddie Mac data released Thursday show the 30-year fixed mortgage rate for the week ending May 21 jumped to 6.51% from 6.36%, the highest rate since Aug. 28, 2025.
Soaring mortgage rates stem from turmoil in the Gulf...
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President Trump said on Saturday night that he decided to hold off on launching major strikes on Iran that he said would have inflicted “military terror” on the country, which came after media reports said he was ready to significantly escalate the war. “The USA is locked and loaded and ready to go against the […]
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Today's Soap Operas – Coronation Streeting, Eastenders, And Succession
Today's Soap Operas – Coronation Streeting, Eastenders, And Succession
By Michael Every of Rabobank
In the UK --where the 30-year gilt yield sits at 5.74%, the highest since 1997-- politics is abuzz with rumors centre-right Health Secretary will resign to take on PM Starmer in a leadership contest, which left-wing Energy Secretary Miliband is expected to join to prevent any Coronation Streeting, as left-wingers Rayner and Burns may try to as well. This is 24 hours after King Charles read out the Starmer government’s legislative agenda, which includes using a Henry...
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