highest levels

WASHINGTON | US average mortgage rates flat to higher; 30-year 4.94 pct.

WASHINGTON — U.S. long-term mortgage rates were steady to slightly up this week, at their highest levels in nearly eight years and dampening home sales. Mortgage buyer Freddie Mac said Thursday the average rate on a 30-year, fixed-rate mortgage was unchanged from last week at 4.94 percent. That’s the highest level for the benchmark rate … Continue reading WASHINGTON | US average mortgage rates flat to higher; 30-year 4.94 pct.

ANKARA, Turkey | Turkey: ‘Atrocious’ recording suggests killer used drugs

ANKARA, Turkey— The audio recording of the killing of journalist Jamal Khashoggi is so “atrocious” that a Saudi intelligence official who heard it speculated that “only someone who took heroin” could carry it out, Turkey’s president was quoted as saying Tuesday. Speaking to journalists on board his plane while returning from World War I commemorations … Continue reading ANKARA, Turkey | Turkey: ‘Atrocious’ recording suggests killer used drugs

WASHINGTON | US average mortgage rates ease; 30-year at 4.83 percent

WASHINGTON — Long-term U.S. mortgage rates declined this week, in a quiet pause after weeks of market anxiety over rising interest rates. Home borrowing rates still remain at their highest levels in more than seven years, dampening the outlook for prospective homebuyers. Mortgage buyer Freddie Mac said Thursday the rate on 30-year, fixed-rate mortgages eased … Continue reading WASHINGTON | US average mortgage rates ease; 30-year at 4.83 percent

MILAN | Italy’s Eni sees profits triple on higher oil prices

MILAN— Italian oil and gas producer Eni said its third-quarter profits tripled as oil prices hit the highest levels in four years. Eni, which is about one-third government-owned, made net income of 1.53 billion euros ($1.74 billion), compared with 344 million euros a year earlier. The company cited higher crude prices, which were up about … Continue reading MILAN | Italy’s Eni sees profits triple on higher oil prices

US average mortgage rates edge up; 30-year at 4.86 percent

Long-term U.S. mortgage rates edged slightly higher this week amid continued anxiety in financial markets as interest rates rise. Home borrowing rates remain at their highest levels in more than seven years, with the key 30-year rate approaching 5 percent. Mortgage buyer Freddie Mac said Thursday the rate on 30-year, fixed-rate mortgages ticked up to … Continue reading US average mortgage rates edge up; 30-year at 4.86 percent

MILAN | EU budget chief seeks to ease tensions with Italy

MILAN — The European Union’s budget chief sought to ease tensions with Rome on Friday over Italy’s rule-busting budget, after markets reacted by pushing up Italy’s borrowing costs to the highest levels in five years. Pierre Moscovici told reporters in Rome that he did not see a risk of contagion in the market reaction to … Continue reading MILAN | EU budget chief seeks to ease tensions with Italy

WASHINGTON | US mortgage rates fall slightly; 30-year at 4.85 percent

WASHINGTON— Long-term U.S. mortgage rates dipped slightly this week, taking a pause after weeks of steady increases stoked by rising interest rates. Home borrowing rates remain at their highest levels in more than seven years, with the key 30-year rate approaching 5 percent. Mortgage buyer Freddie Mac says the rate on 30-year, fixed-rate mortgages declined … Continue reading WASHINGTON | US mortgage rates fall slightly; 30-year at 4.85 percent

WASHINGTON | Mortgage rates leap to 7-year highs; 30-year at 4.90 percent

WASHINGTON — Long-term U.S. mortgage rates leaped this week to their highest levels in seven years amid global anxiety over rising interest rates that has gripped financial markets. Costs for would-be homebuyers are climbing. Mortgage buyer Freddie Mac said Thursday the rate on 30-year, fixed-rate mortgages jumped to an average 4.90 percent this week from … Continue reading WASHINGTON | Mortgage rates leap to 7-year highs; 30-year at 4.90 percent