Mortgage activity rebounds, skewed toward high priced homes

video Housing market building ‘uncertainty’ around where pricing is going: Kirsten Jordan Real estate agent Kirsten Jordan discusses how falling mortgage rates are stirring housing market demand. Activity in the housing market showed a rebound in the past week as mortgages rates fell for a fifth straight week. The 30-year fixed mortgage rate inched lower to 6.18%. The Purchase Index […]

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Philippine Inflation Rises To 8.7%, Highest Since December 2008

The Philippines’ consumer price inflation accelerated unexpectedly at the start of the year to the highest level in just over fourteen years, largely driven by higher costs for utilities and food products, data from the Philippine Statistical Authority showed on Tuesday, raising the likelihood of yet another rate hike from the central bank next week. The consumer price index, or […]

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UK Construction Activity Registers Another Downturn

The UK construction sector posted another contraction in January as rising interest rates and high inflation led to the steepest fall in house building since early 2020, survey results from S&P Global showed Monday. The Chartered Institute of Procurement & Supply construction Purchasing Managers’ Index fell to 48.4 in January from 48.8 in December. This was the biggest decline since […]

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Australia's Transurban Turns To Profit In H1, Lifts Dividend; CEO Scott Charlton To Resign

Transurban (TCL.AX, TRAUF), an Australian developer and operator of toll roads networks, reported Tuesday that its first-half profit was A$55 million, compared to last year’s loss of A$106 million. On a pre-tax basis, loss was A$42 million, narrower than last year’s loss of A$261 million. Total revenue climbed to A$2.03 billion from A$1.30 billion a year ago. Toll revenue was […]

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Putin is raiding his piggy bank as his cash woes grow

Russia’s latest budget update shows the price caps on its oil are starting to bite even before the more recent caps on its diesel and other refined products take effect. Official data released by Russia’s Ministry of Finance on Monday show that the budget deficit in January was 1.76 trillion roubles (about $36 billion), with revenue from oil and gas […]

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