- Avant -4.5%
- Market index 201.1 against 204.6 before
- Buy index 160.4 against 164.2 before
- Refinancing index 394.6 compared to 394.6 before
- Mortgage rate at 30 years 7.16% against the previous 6.94%
Yes. The average interest rate for the most popular home loan in the US just jumped 22 basis points last week to its highest level since 2001. This is leading to a further decline in mortgage activity, which is now. slowing at the slowest pace since 1997. The latest drop in yields this week will be at least a positive development, but there is little comfort for the real estate sector when you look at how things have been going over the past month.
/U.S. dollars
U.S. dollars
The US dollar (symbol $, code USD) is the fiat currency of the United States of America (USD) and the most traded currency in the world. It was introduced to the United States in the late 18th century, with paper notes not distributed until the following century. The US dollar, also known informally as the greenback, is the world’s leading reserve currency, largely due to the importance of the US economy on the world stage. Once backed by gold (in 1900), the USD is now a purely fiat currency, i.e. not backed by a physical commodity. The old gold standard aligned with the US dollar gave gold and silver legal tender in the United States, with the guarantee that 1 USD could be converted into one and a half grams of pure 24 carat gold. However, the link to gold was eventually abolished by President Richard Nixon in 1971. After the removal of the gold standard, the US dollar became the world’s leading reserve currency. This means that foreign nations hold large amounts of their USD cash reserves, which represent approximately 65% of global foreign exchange reserves. How to exchange the US dollar? The US dollar is traded in various ways, including in the foreign exchange (forex) market against other currencies; traded in pairs. Any retail broker offers exposure to the USD in many trading pairs given its popularity and liquidity. The USD is involved in most of the most traded currency pairs, such as EUR / USD, USD / JPY, GBP / USD and USD / CHF, known as the “four majors” and “commodity pairs”. , i.e. AUD / USD, USD / CAD and NZD / USD.
The US dollar (symbol $, code USD) is the fiat currency of the United States of America (USD) and the most traded currency in the world. It was introduced to the United States in the late 18th century, with paper notes not distributed until the following century. The US dollar, also known informally as the greenback, is the world’s leading reserve currency, largely due to the importance of the US economy on the world stage. Once backed by gold (in 1900), the USD is now a purely fiat currency, i.e. not backed by a physical commodity. The old gold standard aligned with the US dollar gave gold and silver legal tender in the United States, with the guarantee that 1 USD could be converted into one and a half grams of pure 24 carat gold. However, the link to gold was eventually abolished by President Richard Nixon in 1971. After the removal of the gold standard, the US dollar became the world’s leading reserve currency. This means that foreign nations hold large amounts of their USD cash reserves, which represent approximately 65% of global foreign exchange reserves. How to exchange the US dollar? The US dollar is traded in various ways, including in the foreign exchange (forex) market against other currencies; traded in pairs. Any retail broker offers exposure to the USD in many trading pairs given its popularity and liquidity. The USD is involved in most of the most traded currency pairs, such as EUR / USD, USD / JPY, GBP / USD and USD / CHF, known as the “four majors” and “commodity pairs”. , i.e. AUD / USD, USD / CAD and NZD / USD.
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