National association for the U.S. real estate finance industry
Mortgage rates have edged up again, with the 30-year fixed rate near 6.60% as lending activity strengthens after a lull. Refinancing remains soft while purchase applications show a modest uptick, reflecting ongoing sensitivity to inflation and oil-market tensions.
Mortgage rates have edged higher in recent weeks as oil prices ease and inflation concerns linger. Lenders report steadier but uncertain demand for both home purchases and refinancing, with expectations for rate movements remaining volatile amid geopolitical tensions.
Existing-home sales have fallen by 1.7% to a 4.06 million annual pace, while prices reach record highs for July. The 30-year fixed rate sits at about 6.69%, and mortgage-rate trends are weighing on buyers as supply remains tight.
NVIDIA has announced partnerships with six Wall Street firms to finance a $500 billion buildout of AI infrastructure, treating compute as an investable asset class. The plan aims to fund data centers, GPU clusters and new factories to power AI, while cautioning about depreciation risk and geopolitical headwinds from China. Open-source Nemotron 3.5 Lightning is the latest Nvidia model.