MADRID — So the COVID-19 pandemic is making your life complicated? Hold my extra-frosty cerveza, was the message Storm Filomena delivered to Spain over the weekend. Filomena dumped around 20 inches of snow on the Spanish capital Madrid between Friday evening and Saturday — this in a city where any …
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Mortgage interest rates have once again hit a historic low. This week’s Freddie Mac average for a 30-year fixed-rate mortgage dipped to 2.81%. This time in 2019, the average rate was 3.69%. In 2018? We saw an average of 4.85%. Despite the historically low rates, mortgage applications went down this …
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Millions more Americans could save money through a refinance as mortgage rates hit another historic low. The 30-year fixed-rate mortgage average hit 2.86% this week, according to Freddie Mac. Just one year ago, rates were considered low at 3.56%. Data analytics company Black Knight says that drop means more than …
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Historically low-interest rates went even lower this week. The 30-year fixed-rate mortgage average from Freddie Mac went down to 3.03%. Remember, that is an average, which means there are plenty of buyers or refinancers getting rates under 3%. Low rates are helping spur a spike in purchases. The weekly index …
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The fallout from the COVID-19 pandemic continues to be the main driver behind the American economy. Another 1.48 million Americans filed initial unemployment claims over the last week, according to the Labor Department. Dow Futures sank on the news but gained back a little ground due to continuing jobless claims …
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President Donald Trump could suffer a historic defeat in the fall if the economy doesn’t sharply recover from the coronavirus pandemic and the disease lingers, according to a model that has predicted the winner of the popular vote in 16 of the past 18 elections. Oxford Economics predicts Trump would …
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The biggest economies in Europe are throwing their weight behind a 500 billion–euro ($ 545 billion) debt-backed plan to help the region recover from the devastating coronavirus pandemic. German Chancellor Angela Merkel and French President Emmanuel Macron jointly announced the plan, which will provide grants, rather than loans, for “the …
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Wall Street rallied this week as the country starts to slowly reopen businesses, there are some signs of peaking regarding hospitalizations for COVID-19 and there have been more positive studies about potential treatments. However, the data still paints a dismal picture for the hole the United States’ economy will have …
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U.S. stock-index futures early Tuesday pointed to a second day of losses for the major benchmarks after a historic fall for oil, as investors braced for a fresh slate of earnings and weighed the impact of overnight developments. President Donald Trump said he planned to sign an executive order to …
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