US mortgage rates breach 7% as affordability pressures mount
Surging yields on government bonds and rising oil prices from the war in Iran drive inflation fears as national elections near
Surging yields on government bonds and rising oil prices from the war in Iran drive inflation fears as national elections near
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Surging yields on government bonds and rising oil prices from the war in Iran drive inflation fears as national elections near
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Increase comes after Fed decision to raise interest rates, as Americans struggle with high prices and stagnant wages US mortgage rates surpassed 7% for the first time since January 2025, according to federal lender…
The 30-year fixed rate surged to 7.45%, the highest level since April 2024 as bonds sold off and yields rose.
Shares were trading mixed early on Thursday morning, as investors tried to digest the recent swings in oil prices and the US bond market.
The national unemployment rate rises to 4.6 per cent, up from 4.5 per cent in July, in seasonally adjusted and trend terms.
The NSW premier has urged the world to listen to the warnings of artificial intelligence bosses about the technology's potential dangers, after a state dataset found it could be vulnerable to exploitation.
As Trump prepares to meet Xi, strains with U.S. allies are complicating Washington’s efforts to marshal pressure against an increasingly resilient China.