Author: Money Mechanics

New Purchase Rate Averages as of Aug. 14, 2025 Loan Type New Purchase Rates Daily Change 30-Year Fixed 6.69% -0.01 FHA 30-Year Fixed 6.65% +0.01 VA 30-Year Fixed 6.28% No Change 20-Year Fixed 6.34% No Change 15-Year Fixed 5.70% +0.04 FHA 15-Year Fixed 6.38% +0.06 10-Year Fixed 5.74% No Change 7/6 ARM 7.26% +0.02 5/6 ARM 7.26% +0.03 Jumbo 30-Year Fixed 6.68% -0.08 Jumbo 15-Year Fixed 6.34% -0.02 Jumbo 7/6 ARM 7.30% No Change Jumbo 5/6 ARM 7.08% -0.06 Provided via the Zillow Mortgage API 30-Year Mortgage Rates Drop to Lowest Since March Rates on new 30-year mortgages have dropped…

Personal income increased $71.4 billion (0.3 percent at a monthly rate) in June, according to estimates released today by the U.S. Bureau of Economic Analysis. Disposable personal income (DPI)—personal income less personal current taxes—increased $61.0 billion (0.3 percent) and personal consumption expenditures (PCE) increased $69.9 billion (0.3 percent).Personal outlays—the sum of PCE, personal interest payments, and personal current transfer payments—increased $69.5 billion in June. Personal saving was $1.01 trillion in June and the personal saving rate—personal saving as a percentage of disposable personal income—was 4.5 percent.The increase in current-dollar personal income in June primarily reflected increases in government social benefits…

Waldencast plc WALD will release earnings results for the second quarter after the closing bell on Monday, Aug. 18.Analysts expect the White Plains, New York-based company to report a quarterly loss at 5 cents per share. Waldencast projects to report quarterly revenue of $71.94 million, compared to $63.31 million a year earlier, according to data from Benzinga Pro.On July 23, Waldencast announced that it has acquired Novaestiq Corp.Waldencast shares fell 6% to close at $1.73 on Friday.Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm,…

Your browser does not support this video. Jul 31st 2025 | Al Aweer and Dubai In the small town of Al Aweer, about 20km east of Dubai’s city centre, lorries full of fruit and vegetables approach, circle and pass each other, in a skilful dance. Think of it as a kind of bulk-trade ballet, set to a score of horns, beeps and roaring engines. At the back of warehouses, staff in branded polo shirts handle crates of fresh produce. At the front, wholesale shops entice customers from elsewhere in the United Arab Emirates (UAE) and beyond. The one-square-km market, already…

Opendoor CEO Carrie Wheeler said Friday that she’s resigning from the online real estate company, which has seen a surge in recent interest from retail investors. The stock popped early in the day before closing up 4.3%.Pressure began building on Wheeler, who took over the top job in 2022, after the company’s quarterly earnings report earlier this month failed to reassure investors that a turnaround is underway. The stock is up more than sixfold since bottoming out at 51 cents in June, a price that put the company at risk of being delisted from the Nasdaq.”The last weeks of intense…

Key Takeaways The S&P 500 slipped 0.3% on Friday, Aug. 15, 2025, as a report on consumer sentiment revealed growing concerns about tariff impacts, inflation, and the jobs market.UnitedHealth stock surged as regulatory filings showed that Warren Buffett’s Berkshire Hathaway has accumulated a large position in the health insurer.Applied Materials provided an underwhelming outlook for the current quarter, citing macro uncertainty, and shares of the chip equipment maker fell. U.S. stocks logged weekly gains, the major indexes finishing Friday with mixed results heading into the weekend, as the Michigan Consumer Sentiment Index showed declining confidence in the state of the…

In a lawsuit filed this week, New York Attorney General Letitia James claimed that over $1 billion was stolen from Zelle users via fraud between 2017 and 2023.The Consumer Financial Protection Bureau (CFPB) filed a lawsuit in December 2024 alleging the same thing, but when that lawsuit was dropped in March 2025, New York’s attorney general decided to file a suit of her own against the digital payment service to seek compensation for New York consumers.The new lawsuit claims that Early Warning Services, LLC (EWS), the company that owns the Zelle app, knew fraud was a problem on the app…

YouTube is essentially the living room of the internet. It contains billions of videos and content on many different topics and is often used as a search engine for those who need a question answered or want to visually see how something works.For families though, that abundance of content is both a gift and a headache. Parental controls exist, but they’re not foolproof, and it’s easy for kids to bump into material that’s too mature or simply not developmentally appropriate. Adult supervision is still the gold standard, but shared devices, borrowed logins and quick workarounds can make it hard to…

Wealth management software is designed to make managing your money and tracking your assets as easy as possible. Whether you’re nearing retirement and juggling rental properties in multiple states or just starting a family and trying to figure out the best way to invest for your family’s future, if you have complex financial needs, you could be considering a wealth management tool to help you make the most of your money.Range aims to be your go-to, “all-in-one” platform to figure it out. It’s designed for users who want to view their finances holistically and create a plan that considers long-term…

The Dow Jones Industrial Average gapped up to a new intraday high at the opening bell Friday and just missed a new all-time closing high on the strength of one beaten-down health care stock. Incoming economic data continue to color a murky macro picture with a critical sector set to report earnings next week.The Census Bureau said retail sales were 0.5% higher in July compared to June and grew 3.9% year over year. June sales growth was revised from 0.6% to 0.9%.”The economy may be slowing,” writes Morgan Stanley Wealth Management Chief Economic Strategist Ellen Zentner, “but consumers continued to…