Mortgage Rates Today, July 2, & Rate Forecast For Next Week

Today’s mortgage and refinance rates Average mortgage rates fell significantly yesterday. That made three consecutive days of falls, two of which were big ones. Once again I’m ducking my duty of making a forecast for next week’s mortgage rates. As I wrote last week, “Flipping a coin or checking your horoscope are as likely to … Read more

Micron Issues Muted Sales Forecast On Demand Weakness

Memory-chip maker Micron Technology issued a subdued revenue outlook, spooking investors even as it reported a strong rise in earnings for its latest quarter. “Recently, the industry demand environment has weakened, and we are taking action to moderate our supply growth” in coming quarters, Chief Executive Sanjay Mehrotra said in a statement, adding that he … Read more

Forint pares gains as cenbank raises inflation forecast

Breadcrumb Trail Links PMN Business Author of the article: Article content BUDAPEST — The Hungarian forint weakened on Thursday, but it held on to most of its significant gains from the previous sessions as the central bank raised its one-week deposit rate by 50 basis points. The forint slid 0.58% to 396.7 per euro on … Read more

Uniper shares tumble after group scraps forecast and seeks state support

Shares in Uniper, Germany’s largest buyer of Russian gas, tumbled by a fifth on Thursday after the company warned on profits, withdrew its annual forecast and said it was in talks with the government over possible support. The Düsseldorf-based group said it expected earnings before interest and taxes to be “significantly below” previous years, as … Read more

Mortgage Rates Today, June 25, & Rate Forecast For Next Week

Today’s mortgage and refinance rates Average mortgage rates rose appreciably yesterday. However, that followed a couple of days of sharp fall. And the week as a whole ended much better than it started. There really is no point in my making predictions for the next week’s mortgage rates when markets are so volatile. Flipping a … Read more

Malaysia’s May CPI up 2.8% y/y, higher than forecast By Reuters

© Reuters. FILE PHOTO: Shoppers wearing protective masks shop at a market, amid the coronavirus disease (COVID-19) outbreak in Kuala Lumpur, Malaysia November 6, 2020. REUTERS/Lim Huey Teng KUALA LUMPUR (Reuters) – Malaysia’s consumer price index (CPI) rose 2.8% from a year earlier in May, government data showed on Friday. The rise was more than … Read more

Mortgage Rates Today, June 18, & Rate Forecast For Next Week

Today’s mortgage and refinance rates Average mortgage rates inched lower yesterday, mirroring the previous day’s similarly tiny rise. However, those movements don’t reflect the week as a whole, which has been disastrous for those rates. And those for conventional 30-year fixed-rate mortgages have been above 6% since Monday. I guess I should resume my rate … Read more

Stock Market Forecast For Next Six Months Holds Big Risks For Dow Jones — But Hope Too

The stock market took a pounding in the first half of 2022. It’s now making new lows since Fed Chairman Jerome Powell’s decision to raise interest rates more aggressively, leaving stocks with sobering year-to-date losses ranging from 18% for the Dow Jones to 23% for the S&P 500 and 31% for the tech-heavy Nasdaq. X … Read more

Mortgage Rates Today, June 11, & Rate Forecast For Next Week

Today’s mortgage and refinance rates Average mortgage rates yesterday climbed exceptionally quickly. And what had been a modestly bad week for those rates was turned into a truly terrible one. Read on for the grisly details. Mortgage rates often retreat after an unusually sharp change. And I shouldn’t be surprised if they were to fall … Read more

World Bank cuts India’s FY23 GDP forecast to 7.5% amid rising inflation

The World Bank on Tuesday cut its 2022-23 (FY23) real gross domestic product (GDP) growth forecast for India to 7.5 per cent, from 8 per cent, on the back of inflationary pressures, supply-chain pressures, and geopolitical tensions due to Russia’s invasion of Ukraine. In its latest Global Economic Prospects … Read more