The 30-year fixed-rate mortgage averaged 6.79% in the week ending June 1, up from 6.57% the week before, according to data from Freddie Mac released Thursday. Rates jumped higher last week for the third week in a row. A year ago, the 30-year fixed-rate was 5.09%. Mortgage rates tend to be pegged to US Treasury yields, which had been heading higher as America grows ever closer to default.
This, “has the potential to cause short-term liquidity challenges at banks, as businesses and households may reallocate their funds towards higher-yielding and relatively safer government debt.” “In order to keep attracting depositors, banks might be compelled to raise interest rates, thereby squeezing profit margins,” she said. “This could lead to further rate increases across various loan products offered by banks, including both business loans and personal loans.
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Court grants Sackler family immunity in exchange for $6 billion opioid settlement | CNN BusinessMembers of the billionaire Sackler family will be protected from current and future lawsuits over their role in their Purdue Pharma’s opioid business, a New York court of appeals ruled Tuesday.
Herkunft: CNN - 🏆 4. / 95 Weiterlesen »
China's economic recovery loses steam as factory production contracts further | CNN BusinessFactory activity in China has slumped to its weakest level since the country ended its zero-Covid policy in December, as its economic recovery continues to lose steam.
Herkunft: cnni - 🏆 326. / 59 Weiterlesen »
US sanctions Chinese and Mexican firms over fentanyl making equipment | CNN BusinessThe United States sanctioned more than a dozen Chinese and Mexican companies on Tuesday, accusing them of shipping or selling equipment that makes counterfeit pills, as it cracks down on imports of illegal fentanyl that fuels America’s deadly opioid epidemic.
Herkunft: CNN - 🏆 4. / 95 Weiterlesen »
JPMorgan Chase CEO Jamie Dimon hints at future in politics | CNN BusinessJamie Dimon is arguably the most powerful person in corporate America. Dimon has built a banking empire at JPMorgan Chase and his advice is sought by presidents, prime ministers and central bankers.
Herkunft: cnni - 🏆 326. / 59 Weiterlesen »
Twitter may be worth only a third of its pre-Musk value, Fidelity says | CNN BusinessA Fidelity fund has slashed its estimate of Twitter’s value amid ongoing chaos at the company, implying the social media platform may be worth only a third of its value compared to when Elon Musk acquired it in October.
Herkunft: CNN - 🏆 4. / 95 Weiterlesen »