U.S. mortgage rates have dropped once more, reaching their lowest point since April 2023. Last week, the 30-year fixed mortgage rate fell to 6.44%, marking the fourth consecutive week of decline. This decline marks the longest period of falling rates this year. The Mortgage Bankers Association (MBA) released the data on Wednesday. The ongoing decrease […]
Bond traders are taking extraordinary risks by heavily betting on a rally in the Treasury market. This is driven by widespread expectations. Many anticipate that the Federal Reserve will announce its first interest-rate cut in over four years. The surge in leveraged positions in Treasury futures has reached unprecedented levels. This comes ahead of the […]
The stock market continues its upward trajectory, with the S&P 500 notching its 31st record high of 2024, bolstered by a 0.7% gain this week. The Nasdaq Composite also rose by 0.2%, while the Dow Jones Industrial Average saw a 1.4% advance despite lagging behind its peak. Economic Strength Fuels Optimism Solid economic indicators including […]