• October 17, 2024

Mortgage rates jump for third week. How do homebuyers feel?

Mortgage rates rose for the third consecutive week, according to the latest data out from Freddie Mac, pushing the 30-year fixed rate mortgage to 6.44%. Yahoo Finance senior housing reporter Claire Boston breaks the latest mortgage rates and explains the implications this has for potential homebuyers struggling to find affordable options in the US housing market. To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Luke Carberry Mogan.

  • October 17, 2024

ECB President Lagarde Announces Unanimous Decision on Rate Cut

According to Odaily, European Central Bank (ECB) President Christine Lagarde has announced that the recent decision to cut interest rates was unanimously agreed upon. Lagarde indicated that inflation might reach the target level by next year. However, she noted that the current inflation forecast still faces bidirectional risks, with the downside risks being more significant than the upside risks.