Weekly mortgage demand jumps again as interest rates fall just below 7%
Mortgage demand surged higher for the second straight week, after the average rate on the 30-year fixed dropped below 7%. U.S. News
Tag: rates
European Central Bank holds interest rates steady after 10 consecutive hikes
The ECB ended its record run of rate hikes despite new upside risks to inflation. International: Top News And Analysis
JLL: Nashville office market expected to ‘take a bite’ out of high vacancy rates
Nashville’s office market has seen a steady increase in empty office space since the pandemic and is trending toward the highest vacancy rate in a decade. Though the local industry has faltered in recent years,…
Fed declines to hike, but points to rates staying higher for longer
The Federal Reserve on Wednesday released its decision on interest rates and updates on the economy. International: Top News And Analysis
Fed approves hike that takes interest rates to highest level in more than 22 years
The quarter percentage point move takes the federal funds rate to a target range of 5.25%-5.5%. International: Top News And Analysis
High interest rates and economic uncertainty are behind recent rise in corporate defaults
The corporate default rate is up and rising as interest rates remain elevated, making it more expensive for companies to refinance debt. International: Top News And Analysis
In just a few minutes this week, Powell changed everything on market’s view of interest rates
The central bank leader set out a new paradigm for how the Fed views its policy path. International: Top News And Analysis
Deutsche Bank smashes profit expectations in fourth quarter as higher interest rates bolster revenue
Deutsche Bank surpassed profit expectations in the fourth quarter, reporting 1.8 billion euro ( $ 1.98 billion ) of net profit attributable to shareholders, as higher interest rates boosted revenues. International: Top News And Analysis
Report: Tennessee rental rates increased 6% in 2022
Rents rose 6% in Tennessee this year, but have decreased 1% since June. Nashville Business News – Local Nashville News | The Nashville Business Journal
Lennar lowers home prices in most markets as rates rise
One of the nation’s largest homebuilders is walking away from some land purchases as new orders fall and cancellations rise. Nashville Business News – Local Nashville News | The Nashville Business Journal