Rising mortgage rates threaten to wipe out the home buying season. The average 30-year mortgage rate rose to 6.46%, the highest level since September 2025, Freddie Mac said Thursday. Borrowing costs have risen sharply in recent weeks following the divestment less than 6% in late February. The Iran was there it increases price pressure by … Read more
Market makers are reluctant to take risks as the Middle East war rages Liquidity crunch increases market volatility, wild price swings Increasingly, merchants are struggling to find willing customers LONDON/NEW YORK/SINGAPORE, March 30 (Reuters) – The Iran war has sent jitters across financial markets, leaving some investors and market makers reluctant to take risks, making … Read more
In 2013, Shell closed its Clyde refinery on the Paramatta River, and a year later, Caltex closed Kurnell in Botany Bay. That was the time when Australia went from being self-sufficient in petrol and diesel to relying on imports. The oil shocks of the 1970s were forgotten. We endured a decade of recession like everybody … Read more
Maybe you know a woman who supports an unemployed man. Maybe you have been that woman. What was once a shamefully quiet secret has become a point of macroeconomic data, and now teh Federal Reserve has receipts. As of the beginning of 2026, women held more paid jobs than men in the United States. This … Read more
Windsor businesses face uncertainty ahead of USMCA review Trump’s tariff threats are hurting Windsor’s manufacturing industry Skills training courses have been reduced due to low demand Housing prices, prices fell faster than the national average WINDSOR, Ontario, March 28 (Reuters) – Windsor-based FASTSIGNS, a Canadian company that designs and installs commercial signs and graphics, last … Read more
Average ARMs have started to drop further and are at record lows: FHFA’s National Mortgage Database. By Wolf Richter for WOLF STREET. The extremely low mortgage rates for 2020 to 2022 – the 30-year rate has fallen below 3% as inflation is heading towards 9% – is one of the reasons for this frozen housing … Read more