Friday, June 13, 2025
News Wave
No Result
View All Result
  • Home
  • World
  • USA
  • Business
  • Sports
  • Entertainment
  • Technology
News Wave
  • Home
  • World
  • USA
  • Business
  • Sports
  • Entertainment
  • Technology
No Result
View All Result
News Wave
No Result
View All Result
Home World Australia

‘Bidenomics’: US mortgage rates jump 7 per cent

21 February 2024
in Australia
0 0
‘Bidenomics’: US mortgage rates jump 7 per cent
Share on FacebookShare on Twitter


US President Joe Biden is facing criticism after incorrectly stating that mortgage rates in the US are currently “falling”. President Biden made this claim earlier this year.

However, the most recent data shows that mortgage rates have actually risen above 7% for the first time since early December. According to the Mortgage Bankers Association, the contract rate on a 30-year fixed mortgage increased by 19 basis points in the week ending Feb. 16, reaching 7.06%.

“Potential homebuyers are very sensitive to these rate changes, as affordability becomes more difficult with both higher rates and higher home values in this market with limited supply,” said Mike Fratantoni, the chief economist at MBA.



Source link

Tags: BidenomicscentjumpmortgageRates
Previous Post

Orkes, which provides a microservices orchestration platform for developers, raised a $20M Series A led by Nexus, taking its total funding to $29.3M (Frederic Lardinois/TechCrunch)

Next Post

Thriving In Flux: A VP Of R&D’s Guide To Startup Success

Related Posts

Walking more than 100 minutes each day could reduce low back pain by almost 25 per cent
Australia

Walking more than 100 minutes each day could reduce low back pain by almost 25 per cent

by My News Wave
13 June 2025
0

New research from Norwegian and Danish scientists reveals that walking for over 100 minutes daily can reduce the risk of chronic low back pain by 23% compared to those walking less than 78 minutes. The study, which analyzed over 11,000 participants, emphasizes the importance of walking volume over intensity in promoting spinal health and suggests this simple strategy as part of public health initiatives. More Context

Read more
Perth Airport named measles exposure site after highly infectious virus confirmed in overseas traveller
Australia

Perth Airport named measles exposure site after highly infectious virus confirmed in overseas traveller

by My News Wave
13 June 2025
0

Travellers at Perth Airport are advised to monitor for measles symptoms after a case was confirmed in a traveller on Qantas flight QF10 from London, which landed on June 6. Those who were in Qantas terminals T3 and T4 from 11:40 am to 1:35 pm, as well as passengers on domestic flight QF938 to Brisbane, may have been exposed and should check their vaccination status and seek medical advice if symptoms develop. More Context

Read more
Anthony Albanese ‘very confident’ AUKUS pact serves all three nations after Pentagon review
Australia

Anthony Albanese ‘very confident’ AUKUS pact serves all three nations after Pentagon review

by My News Wave
13 June 2025
0

Prime Minister Anthony Albanese expressed strong support for the AUKUS pact amid a Pentagon review, asserting its significance for global peace and stability. He emphasized confidence in the agreement’s benefits for Australia, the US, and the UK, while facing calls for increased defense spending and a parliamentary inquiry into AUKUS from opposition and crossbench MPs concerned about transparency and implications for national security. More Context

Read more
We’ve found Perth CBD’s ultimate workday hub
Australia

We’ve found Perth CBD’s ultimate workday hub

by My News Wave
13 June 2025
0

Perth CBD’s enex has undergone a $40 million upgrade, transforming it into a vibrant hub for workers seeking coffee, lunch, or skincare, featuring stylish retailers like Gorman and Decjuba, as well as dining options like Sushia and Mi Shanghai. Launch events are set for July 3rd and 4th, inviting visitors to explore its new spaces and services. More Context

Read more
West Coast Eagles defender Brady Hough to miss clash with Carlton on Sunday
Australia

West Coast Eagles defender Brady Hough to miss clash with Carlton on Sunday

by My News Wave
12 June 2025
0

Defender-turned-midfielder Brady Hough will miss West Coast's upcoming match against Carlton due to illness, marking the end of his 37-game streak. He has been replaced by draftee Hamish Davis, with the Eagles also losing Tom Cole to injury, as they prepare to face the Blues with several new inclusions in the squad. More Context

Read more
Max Gawn and Steven May earn talking to from Melbourne Demons coach Simon Goodwin after MCG stoush
Australia

Max Gawn and Steven May earn talking to from Melbourne Demons coach Simon Goodwin after MCG stoush

by My News Wave
12 June 2025
0

Melbourne coach Simon Goodwin addressed an on-field altercation between captain Max Gawn and defender Steven May, acknowledging it was "not the look we want" but confirming they are "100 per cent" united moving forward. The positive atmosphere has contributed to superstar Kozzie Pickett signing a nine-year deal, highlighting the club's direction and commitment to stability despite recent struggles. More Context

Read more
News Wave

News Summarized. Time Saved. Bite-sized news briefs for busy people. No fluff, just facts.

CATEGORIES

  • Africa
  • Asia Pacific
  • Australia
  • Business
  • Canada
  • Entertainment
  • Europe
  • India
  • Middle East
  • New Zealand
  • Sports
  • Technology
  • UK
  • USA
  • World

LATEST NEWS STORIES

  • 4 reasons Stanley Cup Final’s Oilers vs. Panthers rematch is everything NHL needed
  • Covid vaccination protects against severe kidney damage, study suggests
  • Why ConocoPhillips Stock Just Popped
  • About Us
  • Disclaimer
  • Privacy Policy
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact Us

Copyright © 2025 News Wave
News Wave is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • USA
  • Business
  • Sports
  • Entertainment
  • Technology

Copyright © 2025 News Wave
News Wave is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In