We began the year encouraging investors to lean into risk, and many of the positive market markers we saw at the onset of 2024 will continue as we head into 2025. Growth is slowing but not collapsing, inflation continues to moderate towards targets, and most central banks are lowering interest rates.
The year featured many familiar winners, such as Big Tech, which got even bigger as their stock prices kept growing. But it wasn’t just Apple, Nvidia and the like. Bitcoin, gold and other investments also drove higher.
The country's central bank cited slowing inflation, down from 85% in late 2022 to 47% last month, in its decision.
After yo-yo-ing in the low 7% range the previous two business days, 30-year refinancing rates rose again Tuesday. The current 7.19% average is the highest rate since July 31. Back in September, rates on 30-year refinance loans sank to a 19-month low of 6.01%. But they've since surged more than 1.1 percentage points.
The rate rose to 6.85% from 6.72% last week, mortgage buyer Freddie Mac said Thursday. One year ago, the rate on a 30-year mortgage averaged 6.61%. The average rate on a 30-year mortgage is now the highest it’s been since the week of July 11, when it was at 6.89%. It dipped as low as 6.08% in September — a 2-year low — and as high as 7.22% in May.
The dollar edged higher on Thursday on expectations the currency would be boosted next year by policies by the incoming Donald Trump administration.
Thomas Hoenig, former Kansas City Fed president and George Mason University senior fellow, joins CNBC's 'Squawk on the Street' to discuss the Fed facing backlash heading into 2025, why inflation will remain a challenge next year,
The crowd-sourced review website looked into what its users are searching for and came up with several predictions for the coming year.
After ebbing slightly at the end of last week, 30-year mortgage rates surged to a five-month high. Rate movement was mixed across other loan types.
Our cover story this month focuses primarily on tariffs and their far-reaching consequences. It also explores the potential for a chain reaction across several global regions that could affect economic growth and inflation worldwide.
The pain: California is home to 15 of the nation’s 25 costliest metropolitan areas to live in.
Home prices are set for a modest rise as mortgage rate uncertainty remains. Little relief is expected for renters.