Mortgage rates decreased last week, leading to a 6.3% increase in total mortgage demand, with the average interest rate for 30-year fixed-rate mortgages dropping to 6.86%. Homebuyers, previously on the fence due to factors like the election and supply, surged into the market, driving a 12% rise in purchase loan applications. While refinance applications dropped 3% from the previous week, they were still significantly higher than a year ago, despite comparisons to a different holiday week in 2023.
Full Article
What’s the fallout from a peace deal between Azerbaijan and Armenia? | Conflict
The United States facilitated a peace agreement between Azerbaijan and Armenia, ending nearly four decades of conflict, with the final negotiations led by President Donald Trump. A key aspect of the deal involves establishing a corridor to connect separate parts of Azerbaijan, raising questions about the timeline for its implementation and the implications of increased U.S. influence in the South Caucasus. Want More Context? 🔎
Read more