Last week, US mortgage rates dipped below 7%, marking the first time they have fallen below this threshold since March. This development has triggered a notable uptick in financing applications for home purchases. According to the latest data from the Mortgage Bankers Association (MBA). The contract rate for a 30-year fixed mortgage decreased by 8 […]
Canada economic growth in the first quarter of this year fell short of expectations, signaling potential challenges ahead. The latest data released by Statistics Canada on Friday in Ottawa revealed that the gross domestic product (GDP) expanded at an annualized pace of 1.7%, lower than the 2.2% forecasted in a Bloomberg survey and the Bank […]
In a highly anticipated decision, the Bank of Canada has opted to keep its key interest rate unchanged, signaling a cautious approach amidst evolving economic conditions. The decision, announced today by Governor Tiff Macklem, comes amid mounting speculation about the central bank’s stance on monetary policy. Interest Rate Status After careful deliberation, policymakers at the […]
In a day marked by anticipation, investors received clarity on Wednesday as the Federal Reserve announced its decision to keep interest rates steady while hinting at the possibility of more flexible monetary policies in the coming year. The news was met with enthusiasm on Wall Street, propelling indices to new historic highs. Wall Street Records […]
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