Nearly 10% of borrowers opted for riskier mortgages last week, as rates soared over 7%
Mortgage rates soared to the highest level since 2024 last week, causing loan demand to fall back again and more borrowers to opt for riskier loans. »
Rate Hike Comes as More Than One in Four Americans Say They Don’t Feel in Control of Their Day-to-Day Finances
NerdWallet Inc. which provides trustworthy financial guidance to consumers and small and mid-sized businesses, today published its latest Financial Resilience Index, a monthly score, out »
Fed’s Williams says Treasuries clearing moving ahead of schedule
Federal Reserve Bank of New York president John Williams said the shift to central clearing for US Treasuries and Treasury-collateralised repurchase agreements was ahead of »
The Next Big Print Is Coming and Your Savings Are the Target
Jamie Dimon: AI Spending Could Hit $1 Trillion Next Year
JPMorgan Chase CEO Jamie Dimon said artificial intelligence spending could reach $1 trillion next year, up from about $700 billion this year. CNBC reported that Dimon »