Mortgage applications rose 0.5% in the last week, the Mortgage Bankers Association said. The average rate for a 30-year mortgage is 7.08%.
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This week’s aggressive Fed rate cut could provide some breathing space for distressed companies, notes one bankruptcy attorney.
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Investors are mulling strategies beyond cash on expectations that interest rates will continue to fall after the Fed’s big rate...
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FedEx stock falls as company narrows its full-year forecast
The package-delivery giant said reduced demand for priority services and higher operating costs weighed on results.