EUR/USD
1.16494
-0.023%
Gold
4603.15
0.189%
Oil
81.884
0.555%
USD/JPY
159.267
-0.017%
GBP/USD
1.35939
-0.017%
GBP/JPY
216.494
-0.043%
Real-time News
On August 28th, U.S. mortgage rates rose for the first time in three weeks, further squeezing housing affordability amid a weakening housing market. Freddie Mac data showed that the average rate for a 30-year fixed mortgage rose slightly to 6.66% from 6.65% the previous week, up from 6.56% a year ago. The U.S. housing market has remained sluggish this year. Mortgage rates briefly fell below 6% before the outbreak of the Middle East conflict at the end of February, but have remained above 6.5% since July, with little sign of a decline in financing costs. Thomas Ryan, senior economist for North America at Capital Economics, said, "High interest rates are still keeping the market in a stalemate." He added that if rates eventually fall to around 5%, pent-up demand could be significantly released, but it is unclear in the short term what factors could drive rates down to that level. U.S. new home sales fell to a six-month low in July, with pending sales of newly built single-family homes declining 10.5% to an annualized rate of 607,000 units, below market expectations of 620,000 units.August 28 - According to data released by Nepalese police on the 27th, as of 9 p.m. local time on the 27th, the death toll from flash floods in northern Nepal has risen to 389.Fannie Mae: The average yield on 30-year fixed-rate mortgages in the U.S. was 6.66% in the week ending August 27, up from 6.65% the previous week.The Russian Ministry of Defense stated that the Russian Armed Forces continue to conduct concentrated strikes against military industrial facilities, logistics centers, seaports, and ships serving the Ukrainian Armed Forces.Russian Defense Ministry: Russian troops attacked an oil tanker in the port of Izmail.
