ends

Housing squeeze: 30-year US mortgage rate rises to 6.72%; 5-week easing streak ends as borrowing costs inch up

by

The average long-term mortgage rate in the US edged higher this week, ending a five-week streak of easing borrowing costs that had offered some relief to prospective homebuyers.According to mortgage buyer Freddie Mac, the average rate on a 30-year home loan ticked up to 6.72% from 6.67% last week. A year ago, the rate was … Read more

Currency watch: Rupee ends 3 paise higher at 85.70 vs dollar; equities dip as tariff talks loom

by

The rupee ended 3 paise higher at 85.70 against the US dollar on Thursday, supported by optimism over a possible US-India trade deal, even as equity markets closed in the red.The local currency opened at 85.62 and moved between 85.53 and 85.70 during the session before settling 3 paise higher than Wednesday’s close of 85.73, … Read more