Archive for October, 2014

Slump in mortgage rates fails to rally home buyers

Mortgage rates dropped to their lowest level, causing an 11.6 percent jump in mortgage applications, according to the Mortgage Bankers Association.

Average US 30-year mortgage rate at 3.97 percent

WASHINGTON Average U.S. mortgage rates tumbled this week. The 30-year loan hit its lowest level since June 2013 as Treasury bond yields marked new lows amid concern over global economic weakness.

Bank of Canada governor Stephen Poloz says interest rate guidance can be costly

OTTAWA – Bank of Canada governor Stephen Poloz says guidance on the future direction of interest rates should be reserved primarily for when rates are at their lowest possible point.

US mortgage rates down for third straight week

WASHINGTON Average U.S. mortgage rates fell for the third straight week, making it more affordable to borrow to buy a home.

Gold Steadies After Dropping to Lowest Level This Year

Gold prices have stabilised somewhat after the yellow metal's safe-haven status took a beating in Asian trading on 6 October.

Us Jobless Rate Now At Lowest Since July 2008

The unemployment rate in the United States has dropped to 5.9%, the lowest level since July 2008.

India's factories slow to lowest level this year: survey

Indian factory output touched a nine-month low in September on fewer export orders, even as inflationary pressures have eased, a key HSBC survey showed Wednesday.