The average new fixed-rate mortgage price rose to 5.59% this week, according to the latest Moneyfacts rate watch. Moneyfacts said this was a rise of 4bps from 5.55% at the same time last week. The average new five-year fixed mortgage rate at 95% LTV has now climbed to 6.07%, up from 5.61% last week. The […]
Semiconductors are the world’s most valuable manufactured good. These tiny, intricately engineered pieces of silicon can perform more calculations in a second than a single person could complete in 30,000 years. This year has brought a semiconductor boom for the ages. The US PHLX chip index has nearly doubled over the past 12 months. Investors, […]
Wall Street ended higher on Friday, lifted by Amazon as the tech heavyweight’s strong quarterly report bolstered investor confidence in AI-related stocks, while Apple dropped after its results disappointed investors. Amazon.com surged after posting its biggest quarterly revenue growth in over four years. Its results, along with a similar report from Microsoft on Wednesday, alleviated […]
A California-based mortgage lender is facing a lawsuit after accusations it did not accurately pay employees for time worked. Processing Content San Diego labor law attorneys at Zakay Law Group filed a representative action complaint Monday in San Diego County Superior Court of the State of California against Hometown Equity Mortgage, which does business under […]
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In 2025, U.S. homebuyers secured 4.1% more second-home mortgages compared to the previous year, as reported by Redfin. This represents the first annual increase in four years, following a series of declines from the peak observed during the pandemic in 2021 until 2024. In contrast, mortgages for primary residences experienced a year-over-year increase of 1% […]
Many so-called “Hero households” are better positioned than many to achieve homeownership, according to a new analysis of home affordability by Homes for Heroes, a national program that provides real estate and mortgage savings to firefighters, law enforcement, military personnel, healthcare professionals, and teachers. According to the analysis, while the median-income household is priced out […]
Please enable JavaScript if it is disabled in your browser or access the information through the links provided below. July 31, 2026 Federal Reserve Board requests comment on a proposal to modernize its rule governing the extension of credit to bank “insiders”—bank executives, board members and major shareholders who […]
The Canadian economy is on track for a stronger-than-expected rebound in the second quarter, as oil and gas led growth in May for a second consecutive month.
The era of “tokenmaxxing,” pushing employees toward the biggest artificial intelligence (AI) models and the heaviest usage as if consumption itself were a sign of progress, is ending after two years of unchecked growth. That approach worked while AI spending was small enough to absorb without much scrutiny. It no longer is. Enterprise software once ran […]