Close to 7%! Mortgage rates in the USA have risen to their highest level since last July.
This week, mortgage rates in the USA rose to the highest level since July of last year.
U.S. Construction Spending Increases in November
Dollar Strength Expected to Last -- Market Talk
November US Construction Spending Flat, Residential Building Up
The USA's Markit Manufacturing PMI for December is 49.4, exceeding expectations, but the optimism for the coming year is declining.
The final value of the Markit Manufacturing PMI for the USA in December is 49.4, with expectations of 48.3 and a preliminary value of 48.3, while the previous value in November was 49.7. The Chief Business Economist at S&P Global Market Intelligence stated that optimism weakened in December as companies reported concerns over rising input prices and inflation potentially rising again, intensifying speculation that interest rates may not be cut as significantly in the upcoming year as previously thought.
Declining Jobless Claims Could Be Deceiving -- Market Talk
