In the ever-evolving mortgage market, recent trends have indicated a slight increase in mortgage rates, causing ripples across the refinance sector. The Mortgage Bankers Association (MBA) reported a modest rise in the average contract interest rate for 30-year fixed-rate mortgages, which now stands at approximately 6.14%. This uptick, while minimal, has led to a 1.3%
In a climate that increasingly grapples with the intersection of business ethics and environmental concerns, Texas finds itself at the forefront of a contentious legal battle. A lawsuit has been initiated against a 2021 law that prohibits government contracts with financial institutions deemed to be “boycotting” the fossil fuel industry. The Texas state comptroller and
Recently, cryptocurrency analysts have pinned hopes on Bitcoin’s ability to stave off a significant downturn, particularly following insights from experts like Benjamin Cowen. This comes after Bitcoin managed to close its latest weekly trading session just above the critical threshold known as the bull market support band. This band is an essential psychological and technical
Cleveland is set to return to the financial markets with significant bond offerings this month, reflecting the city’s continuing efforts to improve infrastructure and public services. This article delves into the details of both bond issuances, evaluates the city’s financial position, and discusses the implications for taxpayers and residents alike. The first of the two
In the last 24 hours, Bitcoin (BTC) has witnessed a noteworthy phenomenon within the perpetual futures market characterized by a significant imbalance in the liquidation of long versus short positions. As reported by CoinGlass, total liquidations related to Bitcoin’s derivatives surpassed $4.82 million, compelling traders to reassess their strategies in the wake of this volatility.
On a recent Friday morning, the financial landscape experienced a notable shift as the average rate for the 30-year fixed mortgage soared by 27 basis points, soaring to 6.53%. This substantial increase prompted discussions among economists and potential homebuyers alike, signaling the impact of recent economic data. The latest increase not only underscores the volatility
The U.S. stock market has put forth a commendable performance during September, largely stimulated by the Federal Reserve’s much-anticipated interest rate cut. However, the backdrop of rising geopolitical tensions, particularly in the Middle East, poses potential threats to investor confidence in the short term. Despite these uncertainties, astute investors are encouraged to focus on long-term
As the global economy continues to navigate a period marked by uncertainty and changing monetary policies, traders are assessing the implications on currency markets, particularly regarding the U.S. dollar. This analysis delves into how the dollar’s performance is affected by shifts in interest rates and broader economic factors, as well as the resulting impact on
In a pivotal move for Salt Lake City, the city council recently approved a ground-breaking agreement that could see the issuance of up to $900 million in bonds directed towards the renovation of the Delta Center, home to the NBA’s Utah Jazz, and the revitalization of a downtown urban district. This megadeal has ignited discussions
Max Keiser, a prominent advocate for Bitcoin, has stirred the pot by projecting that Cardano’s value could potentially plummet by up to 90% compared to Bitcoin over the next six months. Keiser’s assertion may be unsettling for many ADA (Cardano’s token) investors, but some in the Cardano community have taken a lighter approach. Twitter user