Swiss bank UBS gets a boost from higher interest rates, beats expectations in fourth quarter – CNBC
UBS reported fourth quarter and full year earnings. Fabrice Coffrini | Photo Afp | Getty Images UBSMoreFourth-quarter profit beat market expectations, but the Swiss banking giant reported lower earnings on the back of weaker client activity and warned of an “uncertain” year ahead. The bank reported a net profit of $1.7 billion in the fourth […]
Mortgage rates fall to levels last seen in September – CNN
Washington CNN — Mortgage rates fell this week as economic data showed lower inflation. According to Freddie Mac, the average rate on 30-year fixed-rate mortgages was 6.15% for the week ending Jan. 19, down from 6.33% the week before. A year ago, the 30-year fixed rate was 3.56%. “Mortgage rates have eased again this week […]
Jamie Dimon says rates will rise above 5% because there is still 'a lot of underlying inflation' – CNBC
JP Morgan Chase CEO Jamie Dimon With inflation remaining stubbornly high, we believe interest rates could be higher than the Federal Reserve currently anticipates. “I think rates are probably over 5%,” Dimon said on CNBC’s show.squawk boxThursday at the World Economic Forum in Davos, Switzerland. To combat soaring prices, the Federal Reserve has raised benchmark […]
Stocks Erase Gain With Earnings, Rates in Focus: Markets Wrap – Yahoo Finance
(Bloomberg) — U.S. stocks wiped out gains in volatile trading as investors weighed the outlook for corporate earnings and the prospect of tightening central banks. Bloomberg’s most read articles The S&P 500 is below the 4,000 level and the Nasdaq 100 is down 0.2% after six days of gains. Blue chip Dow Jones Industrial Average […]
Housing expert: ‘We can expect mortgage rates to go down’ – Yahoo Finance
Homebuyers may finally have a breather this year, according to one expert, as signs of easing inflation could push mortgage rates down again this month. “Mortgage rates have fallen almost 1 percent since peaking in November,” Melissa Cohn, vice president of real estate brokerage firm William Raveis, told Yahoo Finance Live (video above). “I think […]