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US mortgage rates rise to 6% after three-week slide as oil-driven bond yields climb

Ravi Singh7 hours ago01 mins

The average long-term US mortgage rate edged higher this week, ending a three-week decline as bond yields rose amid oil-price pressures linked to the war with Iran.The benchmark 30-year fixed mortgage rate increased to 6% from 5.98% last week, mortgage buyer Freddie Mac said on Thursday. A year ago, the average rate stood at 6.63%,…

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Ravi Singh4 weeks ago02 mins

Wall Street is eyeing another record session as U.S. stock futures pointed higher on Sunday, while the bond market digested the results of Japan’s snap election over the weekend. Futures tied to the Dow Jones industrial average rose 100 points, or 0.20%. S&P 500 futures were up 0.35%, and Nasdaq futures jumped 0.64%. That’s after the Dow soared by…