November 6, 2024
United States:
US Mortgage Rates Rise Again, With Recent Jump Most in Two Years
US mortgage rates continued to climb, putting a further damper on refinancing and homebuying activity.
The contract rate on a 30-year mortgage increased 8 basis points to 6.81% in the week ended Nov. 1, the highest since July, according to Mortgage Bankers Association data released Wednesday.
Europe:
Euro-Zone Private Sector Fared Better Than Estimated Last Month
Euro-area business activity held up better than initially reported in October as growth in the services sector kept the region from contracting for a second month in a row.
The composite Purchasing Managers’ Index by S&P Global ticked up to 50 from 49.6 in September, hitting the level that separates growth from contraction.
Asia:
BOJ Signals Little Consensus on Releasing Rate Path Projection
Some Bank of Japan board members were skeptical of the potential merits of releasing a rate path projection similar to the Federal Reserve’s dot plot when authorities discussed the idea during their September meeting, minutes from the gathering showed.
While one of nine board members suggested that releasing a rate forecast might be worth consideration, a few members seemed to have shot down the idea by stressing the importance of reiterating the bank’s policy stance, the minutes released Wednesday showed.
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