Bullish news for the property market in USA: the demand for mortgage refinancing has surged by 16%, with interest rates now at their lowest level in over a year.
Last week, mortgage rates in the USA dropped to their lowest level since May 2023, leading to a surge in demand for mortgage loans from homebuyers and existing homeowners.
ProShares Short Real Estate Declares Quarterly Distribution of $0.3117
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ProShares Short Real Estate Declares Quarterly Distribution of $0.1917
US stocks closed | NASDAQ fell three times in a row, and S&P made a thrilling rebound; Nvidia's earnings report led to a sharp rise in chip stocks and AI concept stocks after the market
After the Federal Reserve's minutes, the US stock index hit a new low. The NASDAQ closed at a new low in nearly three weeks, and the S&P Dow turned higher at the end of the session. The minutes show that Federal Reserve officials are worried about cutting interest rates too fast and that the decline in inflation will stagnate.
Don't go against the Federal Reserve? Market interest rate cut expectations fell sharply, close to the Federal Reserve's guidance
The “surrender” of bond traders predicts that the Fed will cut interest rates 4-5 times this year, by 25 basis points each time, close to the Fed's guideline of cutting interest rates 3 times. This is in stark contrast to last December's bet on cutting interest rates starting in March, and the rate cut was as high as 175 basis points.