US mortgage rates fall to a record low for the 3rd time since March
, but there are signs that demand is returning even as unemployment remains elevated.
Last week, applications to purchase a home jumped again for the sixth week in a row, according to the Mortgage Bankers Association'sThe MBA's index is up 54% from early April and now at its highest level since January. "The housing market is continuing its path to recovery as various states reopen, leading to more buyers resuming their home search," said Joel Kan, MBA's associate vice president of economic and industry forecasting.The US-China trade war has erased $1.7 trillion from US companies' market value, Fed report says »
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US home price gains quickened in March as sales plungedU.S. home prices accelerated in March even though sales plummeted, as those Americans still buying bid for a sharply diminished supply of homes.
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European markets head for positive open but U.S.-China tensions weigh on sentimentEuropean stocks are expected to open higher on Wednesday although U.S.-China tensions are putting a damper on investor sentiment.
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Total US unemployment shrinks for the first time since coronavirus layoffs began in March - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
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Exclusive: U.S. taxpayers' virus relief went to firms that avoided U.S. taxLast month Zagg Inc, a Utah-based company that makes mobile device accessories, received more than $9.4 million in cash from a U.S. government program that has provided emergency loans to millions of businesses hit by the coronavirus.
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Virus expands grip in many areas, as US nears 100,000 deathsSouth Korea has reported its highest number of new coronavirus infections in weeks and India reported another record single-day jump of more than 6,000 cases, as the pandemic expands its grip across much of the globe
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Trump suggests U.S. could soon lift coronavirus travel ban on countries that are 'making progress''Where they're making progress we'll start to open it up,' President Donald Trump said on Tuesday.
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