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Thu. Jan 16th, 2025
Trending News: New York powerhouse VC Insight Partners raised another $12.5B after $8B in exitsManchester United 3 – 1 SouthamptonWWE and TNA Wrestling announce multi-year partnershipIsrael’s cease-fire vote is being delayed as diplomats work out the detailsStarbucks’ top independent director Mellody Hobson to step down By ReutersTrump’s Treasury pick: Extending Trump’s tax cuts ‘single most important economic issue’DV vs MIE Dream11 Today’s Prediction Match 7 ILT20 League 2025Apple suffers worst day since August, down 11% from December peakThe director of the films “Mulholland Drive” and “Twin Peaks” David Lynch died at the age of 78UnitedHealth CEO admits to 3 major health system issues in first public comments since executive’s slayingWorld Bank says global economy is growing steadily but not fast enough to help alleviate povertyMaresca must unleash Chelsea youngsters who are better than MainuAGDQ just ended, but there is a schedule for Frost Fatales and it’s hisOsibisa founder Ghanaian music legend dies at 88CMS Energy will announce its Year End Results on February 6National Vision Announces Preliminary Q4 Revenue Above Estimates, CFO ExitsBaron Corbin announces he’s quitting WWE to compete in major matchesWant To Play Switch 2 Before It Comes Out? Here’s howUNS vs SRO Dream11 Today Prediction Match 13 West Indies Jamaica T10 2025‘We lost a lot of people’: Bombing continues, Gaza cautiously awaits ceasefire | Israel-Palestine conflict newsMark Carney has run for the next prime minister of CanadaTrump’s ‘energy tsar’ says US will lose ‘AI arms race’ without fossil fuelsTikTok plans to shut down in US on Sunday: reportsRuben Amorim issues new challenge to Alejandro Garnacho over Man Utd futureWaPo Drops ‘Democracy Dies in Darkness’ Slogan as Jeff Bezos Embraces the DarknessRussian man saves American flag outside burning home in Altadena, CaliforniaHow AI Brad Pitt cheated a woman for 850 thousand euros, causing ridicule on the InternetUnitedHealth CEO calls out pharmaceutical companies for raising prices in first earnings call since executive killedAnalyst Report: Wells Fargo & Co.Arsenal look to sign £55m ace who could have scored three goals against TottenhamJSK vs PC Dream11 Today’s Prediction Match 10 SA20 League 2025Will Musk make things worse in India?Achieving a truce between Hamas and Israel was agonizing. Now comes the hard partSTBX stock hits 52-week low of $1.04 amid market challenges By Investing.comVirgin Galactic adds seven days in a row of lossesEverton have signed promising Chelsea striker Launa Ribadera on loanThreads may allow you to add music to your posts in the futureHow did we get a ceasefire between Israel and Hamas in Gaza?Netanyahu is facing a political crisis over the Gaza ceasefire agreementDonald Trump’s Treasury pick says the US should step up sanctions on Russian oilLA officials were warned about budget cuts to the fire department before the deadly firesTottenham considering signing big-name Premier League starsCH-W vs CM-W Dream11 Today’s Prediction Match 17 Dream11 Women’s Super Smash T20 2024-25Black Forest Labs allows finetuning of the Flux AI image generatorReporter interrupts Blinken to ask about U.S. support for Israel in GazaWhy the future of Gaza remains unclear despite a cease-fire agreement between Israel and HamasTikTok influencers have resisted the move to Meta under the app’s impending ban. ‘The vibes are not the same’Analyst Report: Morgan StanleyMan Utd’s Marcus Rashford defends himself against tabloid hit pieceGoogle has decided that it will not comply with EU fact-checking lawHirono rants over ‘insane’ opening confirmation hearing question to Burgum: ‘There’s something wrong with this lady’In his farewell speech, Biden warns that the ultra-rich, ‘tech-industrial complex’ threatens American democracyBofA maintains Disney ‘buy’ even though 2025 is uncertain By Investing.comFoment Economico Mexicano will issue an ex-dividend tomorrowLiverpool tipped to win £50m star raceICC Champions Trophy 2025: ‘Tournament in India will be missed’Every Tesla Cybertruck Recall Since The Vehicle Was ReleasedWall Street banks see pickup in trading activity even after record resultsBlinken insists Gaza ceasefire deal on track after hecklers interrupt press conferenceThe far-right minister has threatened to quit the Israeli government over the Gaza ceasefire agreementTrump’s ‘Foreign Revenue Service’ plan will scare countries doing business with US, economist saysMan City plot €65m bid for Kyle Walker replacementIf You Hate Your Car’s Digital Dashboard, Consider a Game BoyU.S. sanctions Sudanese army chief BurhanDavid Lynch, the visionary director of Twin Peaks and Mulholland Drive, has died at 78XRP and Solana ETPs could amount to $14 billion, says JPMorganGoldman Sachs stock may be expensive, but it’s one of the cheapest ways to invest in capital markets: analystRashford makes cryptic statement hours before Manchester United’s clash with SouthamptonThe 10 most expensive signings in Wolves historyBCCI organizes three four-day matches for India A ahead of England Test against Lions8 Best Leggings (2025), Tested and ReviewedPalestinian doctors hope ceasefire will revive Gaza’s health care sector Israel-Palestine conflict newsJeff Bezos’ Blue Origin reaches orbit in first New Glenn launch, misses landing with boosterThink? Inc stock hits 52-week low of $12.59 amid market challenges By Investing.comPPL Seals Deal for First Hyperscale Data Center Power Customer (NYSE:PPL)Marcus Rashford transfer latest: Borussia Dortmund aiming to sign Manchester United and England striker | Transfer Center NewsPAK vs WI, First Test: 5 key battles to watchClimate technology matures in 2024 as investors favor larger rounds, later stagesABC’s Martha Raddatz says Trump ‘clearly had an impact’ on ceasefireThe deputy national security adviser discusses the cease-fire agreementHow Donald Trump changed the Gaza ceasefire agreementMortgage rates rise above 7% for the first time since MayVirgil van Dijk gives strong response to Liverpool ‘crisis’ talksMoyes pushes for Everton’s £10m dream signingShakur Stevenson blames fan dislike on ‘Domination’Borderless AI comes out of hiding with $32M in funding to disrupt HR techFed Governor Waller believes multiple interest rate cuts are possible in 2025‘No consequences’: Canadian Sikhs allege widespread threats, spying by IndiaYou can now schedule ChatGPT to perform future actions, such as setting reminders or getting weekly personalized news alerts.XRP price rises beyond $3. These 3 factors are turbocharging crypto.Manchester United vs Southampton: Can Amorim’s men build on recent improvement?Live commentary – Manchester United vs SouthamptonGTC vs SGC Dream11 Today’s Prediction Match 1 Guwahati Sixes 2025MoviePass has developed a film trailer app for Oculus Quest and Apple Vision ProFilm director David Lynch dies at 78Patients are dying in hospital corridors, British nurses sayBuilding permits, housing starts data due Friday By Investing.comNasdaq, S&P, Dow falter after recovery fueled by rate cut optimismMaguire confirmed the dropped line-ups with Amad and Yoro recalledWest Ham United could land ‘sensational’ Premier League player for £30m this month
Thu. Jan 16th, 2025

Mortgage rates rise above 7% for the first time since May


Romer Debbas managing partner Pierre Debbas says the economic fallout from California’s wildfires will continue to be an unfortunate story.

Mortgage rates continued their rise this week, jumping above 7% and increasing pressure on the stagnant housing market.

The latest survey of the primary mortgage market by Freddie Mac, published on Thursday, showed that the average rate of the benchmark 30-year fixed mortgage it jumped to 7.04%, up from last week’s reading of 6.93%. The average rate for a 30-year loan was 6.60% a year ago.

KB start sign

Mortgage rates remain stubbornly high, with long-term notes jumping above 7% this week. (Reuters/Mike Blake/Reuters Photos)

“Mortgage rates rose for a fifth straight week and crossed seven percent for the first time since May 2024,” said Sam Khater, chief economist at Freddie Mac. “The underlying strength of the economy is contributing to this increase in rates.”

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The average 15-year fixed mortgage rate rose to 6.27% from 6.14% last week. A year ago, the 15-year fixed rate averaged 5.76%.



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