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US Mortgage Rates Soar Past 7% for the First Time Since 2002 – The New York Times

US Mortgage Rates Soar Past 7% for the First Time Since 2002  The New York Times Mortgage rates top 7% for the first time since 2002  CNN 30-year fixed-rate mortgage average reaches highest level since 2001  CBS News U.S. mortgage interest rates jump to 7.16%, highest since 2001  Reuters Mortgage rates hit 7 percent as Federal Reserve moves slow...

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U.S. Mortgage Rates Soar Past 7%

The average rate on 30-year mortgages — the most popular kind among Americans — rose to the highest level since 2002, tracking the Federal Reserve’s aggressive campaign of rate increases.#U.S #Mortgage #Rates #Soar Source link

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European Central Bank Raises Interest Rates Again – The New York Times

European Central Bank Raises Interest Rates Again  The New York Times ECB hikes rates by 75 basis points and scales back support for European banks  CNBC European Central Bank raises interest rates by 75 basis points to 1.5%  CNBC Television European stocks slip; ECB raises rates by 75 bps  Reuters ECB announces rate hikes despite France, Italy opposition  The Washington...

Hikes rates by 75 basis points, new terms for European banks
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Hikes rates by 75 basis points, new terms for European banks

The European Central Bank has announced its third consecutive increase in interesr rates this year. Bloomberg | Bloomberg | Getty Images The European Central Bank announced Thursday a 75-basis-point interest rate hike — its third consecutive increase this year — while also scaling back support for European banks. Following much speculation by market participants, the ECB...

ECB raises interest rates by 75 basis points to fight record inflation
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ECB raises interest rates by 75 basis points to fight record inflation

The European Central Bank piled on another outsized interest rate hike aimed at squelching out-of-control inflation, increasing rates Thursday at the fastest pace in the euro currency’s history and raising questions about how far the bank intends to go with the threat of recession looming over the economy. The 25-member governing council...

ECB Raises Interest Rates by 0.75 Point
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ECB Raises Interest Rates by 0.75 Point

The European Central Bank increased interest rates by three-quarters of a percentage point for the second time in a row, moving briskly to quash record inflation even as the eurozone teeters close to recession.#ECB #Raises #Interest #Rates #Point Source link

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Shell profits more than double to $9.5bn; European Central Bank to hike interest rates – business live | Currencies

Key events Filters BETA Key events (5)Shell (11)UK (7)Rishi Sunak (6)Europe (3) Labour urges ‘proper windfall tax’ on energy firms Labour has called for a “proper windfall tax” on energy companies. Ed Miliband, Labour’s shadow climate change and net zero secretary, said: As millions of families struggle with their energy bills, the fact that Shell...

Mortgage rates top 7%, hitting highest level since 2001
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Mortgage rates top 7%, hitting highest level since 2001

The average interest rate on a typical 30-year mortgage surpassed 7% this week, the highest level since 2001.  Mortgage rates rose from 6.94% last week to 7.16% this week, the Mortgage Bankers Association said Wednesday. The average rate on a 15-year fixed-rate mortgage grew to 6.39%, from 6.09% last week. The spike in mortgage rates...