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    Malakoff Shares Fall After First-Quarter Loss

    Malakoff Shares Fall After First-Quarter Loss

    Shell Agrees to Pay $10 Million for Air Pollution at Massive New Pennsylvania Petrochemical Plant

    Shell Agrees to Pay $10 Million for Air Pollution at Massive New Pennsylvania Petrochemical Plant

    Do Not Call: States Sue Telecom Company Over Billions of Robocalls

    Do Not Call: States Sue Telecom Company Over Billions of Robocalls

    Wall Street Slides as Debt Worries Worsen

    Wall Street Slides as Debt Worries Worsen

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    RLJ Lodging Trust (NYSE:RLJ) Short Interest Down 13.0% in May

    RLJ Lodging Trust (NYSE:RLJ) Short Interest Down 13.0% in May

    Big Lots’ stock tumbles toward 32-year low after losses nearly double forecasts, dividend is suspended

    Big Lots’ stock tumbles toward 32-year low after losses nearly double forecasts, dividend is suspended

    Eversource Energy (NYSE:ES) Stock Price Down 2.8% Following Analyst Downgrade

    Eversource Energy (NYSE:ES) Stock Price Down 2.8% Following Analyst Downgrade

    Albany International (NYSE:AIN) Seems To Use Debt Quite Sensibly

    Albany International (NYSE:AIN) Seems To Use Debt Quite Sensibly

  • NASDAQ
    ACV Auctions Inc. (NASDAQ:ACVA) Short Interest Down 8.5% in May

    ACV Auctions Inc. (NASDAQ:ACVA) Short Interest Down 8.5% in May

    Is Cognizant Technology Solutions (NASDAQ:CTSH) A Risky Investment?

    Is Cognizant Technology Solutions (NASDAQ:CTSH) A Risky Investment?

    Adicet Bio, Inc. (NASDAQ:ACET) Sees Significant Decline in Short Interest

    Adicet Bio, Inc. (NASDAQ:ACET) Sees Significant Decline in Short Interest

    Nikola stock falls after EV maker receives notice of noncompliance with minimum-price listing requirement

    Nikola stock falls after EV maker receives notice of noncompliance with minimum-price listing requirement

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    China Eastern Airlines 3Q Loss Widens on Low Travel Demand

    China Eastern Airlines 3Q Loss Widens on Low Travel Demand

    Corus Entertainment 4Q Profit Falls

    Corus Entertainment 4Q Profit Falls

    Nintendo Co. Ltd. ADR falls Monday, still outperforms market

    Nintendo Co. Ltd. ADR falls Monday, still outperforms market

    Ocado Group PLC Revenue of Ocado Retail in Q3 Fell 10.6%

    Ocado Group PLC Revenue of Ocado Retail in Q3 Fell 10.6%

  • TSX
    US Seeks to Fine Air Canada $25.5 Million Over Slow Refunds

    US Seeks to Fine Air Canada $25.5 Million Over Slow Refunds

    S&P/TSX composite falls on drop in materials sector, loonie tops 81 cents US

    S&P/TSX composite falls on drop in materials sector, loonie tops 81 cents US

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    Bitcoin Is Falling: Should You Buy the Dip?

    CN Rail Stock Is So Undervalued That it’s Absurd

    CN Rail Stock Is So Undervalued That it’s Absurd

  • News
    Malakoff Shares Fall After First-Quarter Loss

    Malakoff Shares Fall After First-Quarter Loss

    Shell Agrees to Pay $10 Million for Air Pollution at Massive New Pennsylvania Petrochemical Plant

    Shell Agrees to Pay $10 Million for Air Pollution at Massive New Pennsylvania Petrochemical Plant

    Do Not Call: States Sue Telecom Company Over Billions of Robocalls

    Do Not Call: States Sue Telecom Company Over Billions of Robocalls

    Wall Street Slides as Debt Worries Worsen

    Wall Street Slides as Debt Worries Worsen

  • NYSE
    RLJ Lodging Trust (NYSE:RLJ) Short Interest Down 13.0% in May

    RLJ Lodging Trust (NYSE:RLJ) Short Interest Down 13.0% in May

    Big Lots’ stock tumbles toward 32-year low after losses nearly double forecasts, dividend is suspended

    Big Lots’ stock tumbles toward 32-year low after losses nearly double forecasts, dividend is suspended

    Eversource Energy (NYSE:ES) Stock Price Down 2.8% Following Analyst Downgrade

    Eversource Energy (NYSE:ES) Stock Price Down 2.8% Following Analyst Downgrade

    Albany International (NYSE:AIN) Seems To Use Debt Quite Sensibly

    Albany International (NYSE:AIN) Seems To Use Debt Quite Sensibly

  • NASDAQ
    ACV Auctions Inc. (NASDAQ:ACVA) Short Interest Down 8.5% in May

    ACV Auctions Inc. (NASDAQ:ACVA) Short Interest Down 8.5% in May

    Is Cognizant Technology Solutions (NASDAQ:CTSH) A Risky Investment?

    Is Cognizant Technology Solutions (NASDAQ:CTSH) A Risky Investment?

    Adicet Bio, Inc. (NASDAQ:ACET) Sees Significant Decline in Short Interest

    Adicet Bio, Inc. (NASDAQ:ACET) Sees Significant Decline in Short Interest

    Nikola stock falls after EV maker receives notice of noncompliance with minimum-price listing requirement

    Nikola stock falls after EV maker receives notice of noncompliance with minimum-price listing requirement

  • OTC
    China Eastern Airlines 3Q Loss Widens on Low Travel Demand

    China Eastern Airlines 3Q Loss Widens on Low Travel Demand

    Corus Entertainment 4Q Profit Falls

    Corus Entertainment 4Q Profit Falls

    Nintendo Co. Ltd. ADR falls Monday, still outperforms market

    Nintendo Co. Ltd. ADR falls Monday, still outperforms market

    Ocado Group PLC Revenue of Ocado Retail in Q3 Fell 10.6%

    Ocado Group PLC Revenue of Ocado Retail in Q3 Fell 10.6%

  • TSX
    US Seeks to Fine Air Canada $25.5 Million Over Slow Refunds

    US Seeks to Fine Air Canada $25.5 Million Over Slow Refunds

    S&P/TSX composite falls on drop in materials sector, loonie tops 81 cents US

    S&P/TSX composite falls on drop in materials sector, loonie tops 81 cents US

    Bitcoin Is Falling: Should You Buy the Dip?

    Bitcoin Is Falling: Should You Buy the Dip?

    CN Rail Stock Is So Undervalued That it’s Absurd

    CN Rail Stock Is So Undervalued That it’s Absurd

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US Average Mortgage Rates Decline; 30-Year Loan at 2.95%

Editorial Staff by Editorial Staff
May 29, 2021
0
US Average Mortgage Rates Decline; 30-Year Loan at 2.95%

Mortgage rates declined this week, pushing the benchmark 30-year home loan back down below the 3% mark.

WASHINGTON — Mortgage rates declined this week, pushing the benchmark 30-year home loan back down below the 3% mark. Signs continued of the economy’s recovery from the pandemic recession.

Mortgage buyer Freddie Mac reported Thursday that the average for the 30-year rate fell to 2.95% from 3% last week. At this time last year, the average long-term rate was 3.15%.

The rate for a 15-year loan, popular among those seeking to refinance, eased to 2.27% from 2.29% last week.

With historically low mortgage rates prevailing, the U.S. housing market has grown so overheated as demand outpaces supply that prices keep hitting record highs — and roughly half of all houses are now selling above their list price. Two years ago, before the pandemic struck, just a quarter of homes were selling above the sellers’ asking price, according to data from the real estate brokerage Redfin.

New data out this week further illuminated the red-hot nature of the housing market: Prices rose in March at the fastest pace in more than seven years. The S&P CoreLogic Case-Shiller 20-city home price index jumped 13.3% that month compared with a year earlier — the biggest such gain since December 2013. That price surge followed a 12% year-over-year jump in February.

The pandemic has encouraged more people to seek out the additional space provided by a single-family home. Yet at the same time, COVID-19 discouraged many homeowners from selling and opening up their homes to would-be buyers, thereby shrinking the number of homes for sale.

In the latest positive economic news, the government reported Thursday that the number of Americans seeking unemployment benefits dropped last week to 406,000, a new pandemic low and further evidence that the job market is strengthening as the coronavirus wanes and the economy reopens more widely.

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CNH Industrial (NYSE:CNHI) Use Of Debt Could Be Considered Risky

CNH Industrial (NYSE:CNHI) Use Of Debt Could Be Considered Risky

April 14, 2021
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CN Rail Stock Is So Undervalued That it’s Absurd

May 2, 2021
Bitcoin Is Falling: Should You Buy the Dip?

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May 3, 2021
Corus Entertainment 4Q Profit Falls

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Malakoff Shares Fall After First-Quarter Loss

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