Chancellor Rachel Reeves has announced a plan to grow the economy, including building new housing and infrastructure. Report by Etemadil. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Sir Keir Starmer's team have begun arriving at ahead of a cabinet meeting at Number 10 later this morning. Deputy PM Angela Rayner, Chancellor Rachel Reeves and Chief Whip Sir Alan Campbell were all seen arriving at Downing Street. Report by Etemadil. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Mortgage Rates Continue , to Fall, Raising Hopes of the , Fed Cutting Rates.
ABC reports that borrowing costs for
home loans continued to ease this week,
with the average rate on a 30-year mortgage
falling to its lowest level since April.
According to mortgage buyer
Freddie Mac, the rate fell from
6.95% to 6.87% last week. .
That figure is still significantly higher than
what the rate was during the same time last year,
which was at an average of 6.67%. .
15-year fixed-rate mortgages
also eased, falling from
6.17% last week to 6.13%. .
During the same time last year,
the average rate was at 6.03%.
Those higher rates can add hundreds of dollars
to monthly costs for borrowers, which limits the
purchasing options of potential homebuyers.
Mortgage rates fell for
the third straight week
following signs of cooling
inflation and market
expectations of a
future Fed rate cut, Sam Khater, Freddie Mac’s chief economist, via ABC.
ABC reports that rates are influenced by a number
of factors, including the Federal Reserve's interest
rate policy and the 10-year Treasury yield.
ABC reports that rates are influenced by a number
of factors, including the Federal Reserve's interest
rate policy and the 10-year Treasury yield.
Due to yields also beginning to ease, the Federal
Reserve could start to drop its main interest rate
after hiking it up to the highest level in over 20 years.
Last week, Fed officials suggested that they would make
just one cut to their benchmark interest rate in 2024,
down from previous projections of three cuts for the year.
Credit: Wibbitz Top Stories Duration: 01:31Published
Bukayo Saka's former secondary school teacher says the England player's success is "no surprise". Report by Etemadil. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Prime Minister Sir Keir Starmer has welcomed his 411 MPs to Westminster, following Labour's landslide victory in the general election.
Report by Etemadil. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Prime Minister Sir Keir Starmer surprised a children’s choir rehearsing for King Charles during his visit to the Senedd this afternoon. Sir Keir commended the Ysgol Treganna pupils on their performance singing Safwn yn y Bwlch as he looked on from a balcony. Report by Etemadil. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Chancellor Rachel Reeves has announced plans to get "Britain building again" by unlocking the planning system. The first female chancellor said there were tough decisions to be taken but that the..
Shadow chancellor Rachel Reeves has accused Rishi Sunak of lying about Labour's tax plans in his first TV debate against Sir Keir Starmer as she revealed the party has "no plans to increase taxes on..
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