Author: Jordan

The average interest rate for a 30-year, fixed-rate conforming mortgage loan in the U.S. is 6.382%, which is less than a full basis point of change from the day before, according to data from mortgage data company Optimal Blue. Meanwhile, the average rate for a 15-year, fixed-rate conforming mortgage loan is 5.747%, up roughly a basis point for the same period. Compare mortgage rates for May 7, 2026 Here’s a quick look at week-over-week rate changes. Mortgage TypeRateRate A Week BeforeApproximate Basis Points Change30-year conventional6.382%6.292%+915-year conventional5.747%5.585%+1630-year jumbo6.461%6.424%+430-year FHA6.120%6.076%+430-year VA5.964%5.827%+1330-year USDA6.045%5.988%+630-year conventionalRate6.382%Rate A Week Before6.292%Approximate Basis Points Change+915-year conventionalRate5.747%Rate A Week…

The United Kingdom’s stock market, particularly the FTSE 100, has recently experienced a downturn influenced by weak trade data from China and declining commodity prices. As investors navigate these challenging conditions, identifying stocks that may be undervalued becomes increasingly important; such stocks often present opportunities when their intrinsic value is not fully reflected in their current trading price. Top 10 Undervalued Stocks Based On Cash Flows In The United Kingdom Name Current Price Fair Value (Est) Discount (Est) Tristel (AIM:TSTL) £4.10 £7.54 45.7% RHI Magnesita (LSE:RHIM) £27.75 £54.16 48.8% Playtech (LSE:PTEC) £3.512 £6.59 46.7% Mitie Group (LSE:MTO) £1.725 £3.39 49%…

Gold extended its gains after posting its biggest daily advance since late March, as optimism over a potential US-Iran deal pressured oil prices and eased inflation concerns, News.Az reports, citing Bloomberg. Bullion traded above $4,700 an ounce after rising 3% on Wednesday. Lower energy prices weighed on bond yields, while the US dollar slipped to pre-war levels—supportive conditions for gold, which is priced in dollars and does not yield interest. Iran is reportedly evaluating a new US proposal aimed at ending a nearly 10-week war, according to a person familiar with the matter. China has also added its voice to…

Why savers are left behind by their bank after rate hikes The West Australian Source link

Capgemini has announced the successful pricing of an 800 million euro bond issue with a 7-year maturity and a 3.875% coupon (issue price of 99.083%). The offering was approximately 2.7 times oversubscribed. The proceeds from this issuance will be used for general corporate purposes, including the refinancing of the 800 million euro bond maturing and repayable on April 15, 2026.According to the French IT services giant, these newly issued bonds are expected to be rated ‘BBB+’ by Standard & Poor’s, in line with Capgemini’s ‘BBB+/stable outlook’ issuer credit rating. Source link

Gold rose for a third straight session on Thursday, supported by a softer dollar as hopes grew for a potential peace deal between the United States and Iran.Chalinee Thirasupa | Bloomberg | Getty ImagesGold rose for a third straight session on Thursday, supported by a softer dollar as hopes grew for a potential peace deal between the United States and Iran.Spot gold was up 0.3% at $4,701.19 per ounce, as of 0231 GMT, after rising about 3% on Wednesday to hit its highest level since April 27. U.S. gold futures for June delivery rose 0.4% to $4,710.Iran said on Wednesday it was reviewing a U.S. peace proposal that…

The private rented sector continues to be a strong-performing asset class, delivering stable returns, healthy yields, rental growth and increased confidence, despite the cost and regulatory challenges landlords have faced, according to new research from intermediary-only specialist lender Foundation.In its Landlord Trends research for Q1 2026, conducted in partnership with Pegasus Insight, more than eight in ten (84%) of landlords say their lettings are profitable. The data also showed increasing average rental yields, up to 6.5% for the first quarter. Portfolio values and rental income also increased quarter-on-quarter.Resilient landlordsFoundation said that professional landlords are proving resilient, adapting their strategies to…

He cited a current case involving a Dubai-based client paid in US dollars, where the lender converted the income into sterling, applied a haircut, and then treated the reduced amount as gross sterling income. Upton said that approach could meaningfully understate affordability where the borrower pays no local income tax. “That’s a touch unfair, because that is his net income — he pays no tax in Dubai,” he added. “So in effect, lenders are deducting the haircut and then treating that reduced number as gross, which means they’re assuming another 30 to 40% will be taken for tax, when actually…

Increasing geopolitical risk, despite the market resilience displayed so far, is weakening the global orderAFTER Russia’s invasion of Ukraine in 2022, the World Bank warned that the biggest commodities shock since the 1970s had hit. Now only four years later, the war in the Middle East represents a new “historic shock”, underpinned by sustained geopolitical fragility.This high geostrategic volatility has also been highlighted by the International Monetary Fund, which pointed to how much such uncertainty has grown in recent years. The Commodities Market Outlook published by the World Bank on Apr 28 mentions the word “geopolitical” around 200 times, and…

Clifford Chance advises on the financing of the US$300M 440MW Isabela Solar Power Project Global law firm Clifford Chance has advised the project company and its sponsors – TotalEnergies Renewables Development Asia Pte Ltd and NextNorth Solar Holdings Inc – on the financing of the Isabela Solar Power Project in the Philippines. The transaction represents the largest international financing for a solar project in the Philippines to date. The 440MWp project in Ilagan City, Isabela Province is being developed by San Ignacio Energy Resources Development Corporation – a joint venture between TotalEnergies Renewables Development Asia (65%) and Philippine partner NextNorth…