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FX/Bonds

30-year Fixed Mortgage Rate (Aug 6th): 6.69% (prev. 6.66% W/W); highest since July 31st, 2025

StockNow breaking-news AI analysis

Mortgage rates reached 6.69%, a one-year high, driven by inflation from oil price spikes and Fed policy uncertainty, leading to significantly weakened housing demand and lower loan application indices.

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Geopolitics

Yemeni Houthi statement due at 15:30 BST/ 10:30 ET

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Details of the initial text of the strategic plan for managing the Strait of Hormuz: The passage of vessels belonging to the US, the Israelis, and other hostile countries through the Strait of Hormuz will be prohibited

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NVDA