Items Tagged with 'Interest rates'

ARTICLES

  • U.S. inches closer to all-out trade war

    Trump announces tariffs on $200 billion in Chinese imports
    On Tuesday, President Donald Trump announced his next step in the growing trade war - tariffs on $200 billion in Chinese imports. Now, China will be forced to either respond in kind, or back down. This latest move, which puts tariffs on more than 10,000 imported products, is now rattling markets across the globe.
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  • MBA: Mortgage applications reverse course in July, increase

    Average contract interest rate for 5/1 ARMs reach highest survey level
    Mortgage applications increased 2.5% from last week, and the average contract interest rate for 5/1 ARMs increased to its highest level in market survey history, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending July 6, 2018.
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  • Here’s what Friday’s tariffs will do to U.S. economy

    Economist predicts destruction of 4% of world trade
    Trade tariffs between China and the U.S. are set for Friday, and economists are already predicting what the effect will be on the U.S. and global economy. A new report from Oxford Economics shows the growing trade war between the U.S., Europe, China and other countries could reduce world trade by 4%, and here’s what that could mean for the U.S.
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  • Core Logic: Mortgage rates average a 7-year high

    Despite high home prices, demand is strong for homeownership
    Home prices continued to climb in May, according to the latest Home Price Index report from CoreLogic. CoreLogic President and CEO Frank Martell says even in the most expensive markets, renters are four times more likely to purchase than homeowners are willing to sell.
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  • Mounting trade tensions threaten interest rates

    Experts say could slow global growth
    Mounting trade tensions could soon begin to threaten interest rates as President Donald Trump and key trading allies in Europe and other regions increase trade tariffs. As trade tensions worsen, the Bank for International Settlements said there are already signs that “the ratcheting up of rhetoric” is weighing on investment.
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  • MBA: Mortgage applications increase 4.1%

    Interest rates continue to decrease
    Mortgage applications climbed in numbers, increasing 4.1% from last week. But this week’s results included an adjustment for the Memorial Day holiday. On an unadjusted basis, the index decreased 7% from last week.
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