U.S. EconomySeptember 2 at 07:00 AM

US MBA Purchase Index (Aug/28) 157.8 (Prev. 154.4)

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US mortgage applications faced pressure from rising borrowing costs, while benchmark 30-year mortgage rates edged up toward yearly highs, weighing on refinance and purchase activity.

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Today's market highlights

A selection of stories drawing attention in the market.

Geopolitics

US Treasury Secretary Bessent says his advice regarding Iran and Russia is to “stay away from them,” adding that no one should support the regimes, according to a Fox News Interview

Fed

Fed's Williams (Voter, Neutral) says bond market driven by strong US economy and big investments in AI

Geopolitics

Iranian Parliament Speaker Ghalibaf says Iran does not reject negotiations but views them as a tool in its broader confrontation with the US and Israel, Tasnim reports; reiterates US must fulfill its commitments before Iran "takes steps" to reopen Hormuz