Connect with us
DAPA Banner
DAPA Coin
DAPA
COIN PAYMENT ASSET
PRIVACY · BLOCKDAG · HOMOMORPHIC ENCRYPTION · RUST
ElGamal Encrypted MINE DAPA
🚫 GENESIS SOLD OUT
DAPAPAY COMING

Business

Mortgage rates rise to 6.55%: Freddie Mac

Published

on

Mortgage rates fall to 6.3%: Freddie Mac

Mortgage rates rose this week to the highest level in nearly a year, mortgage buyer Freddie Mac said Thursday.

Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage climbed to 6.55% – the highest level since August 2025 – from last week’s reading of 6.49%. 

Advertisement

The average rate on a 30-year loan was 6.75% a year ago.

SILICON VALLEY ELITE SHIFT RECORD WEALTH TO BUILD FLORIDA’S NEW ‘TECH CAPITAL’

A home for sale in California.

The average rate on the benchmark 30-year fixed mortgage climbed to 6.55% this week, according to Freddie Mac.  (Paul Bersebach/MediaNews Group/Orange County Register via Getty Images)

MEDIAN US HOME PRICE PROJECTED TO HIT $1 MILLION BY 2050 — RIGHT AS MILLENNIALS RETIRE

“Purchase application demand has weakened recently, but housing affordability is more favorable and housing inventory continues to rise, thus the backdrop for prospective homebuyers is modestly improving,” said Freddie Mac chief economist Sam Khater.

Advertisement

The average rate on a 15-year fixed mortgage rose to 5.93% from last week’s reading of 5.82%.

An open house for a home.

Mortgage rates are affected by several factors, including the Federal Reserve and geopolitics. (Daniel Acker/Bloomberg via Getty Images)

Mortgage rates are affected by several factors, including the Federal Reserve and geopolitics. Though mortgage rates are not directly affected by the Fed’s interest rate decisions, they closely track the 10-year Treasury yield. The 10-year yield hovered around 4.57% as of Thursday afternoon.

“June CPI data showed headline inflation cooling to 3.5% and core inflation easing to 2.6%, both below expectations and a welcome sign for rate-watchers,” said Realtor.com senior economist Hannah Jones. “However, the conflict in the Middle East flared up once again this week, pushing oil prices and Treasury yields higher. Since mortgage rates tend to track the 10-year Treasury yield, they’re likely to follow suit as long as oil markets stay jumpy.”

HOME SELLERS COULD BOOST OFFERS BY THOUSANDS WITH THIS SURPRISING PAINT COLOR

Advertisement

The latest mortgage data comes as conditions in the housing market have improved somewhat for buyers, many of whom have been on the sidelines as tight inventory has supported higher home prices and mortgage rates have held relatively steady.

A couple tours a home.

The average rate on a 15-year fixed mortgage rose to 5.93% from last week’s reading of 5.82%. (Daniel Acker/Bloomberg via Getty Images)

Realtor.com recently released a midyear update to its 2026 housing market forecast that estimates home price growth will slow to 1.2% this year, a rate that’s slower than the original forecast for the year and is below the current pace of inflation. That means home prices would be effectively declining in real, inflation-adjusted terms.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

Advertisement
Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Business

At 42x subscription, SBI Funds IPO draws record buzz

Published

on

At 42x subscription, SBI Funds IPO draws record buzz
Mumbai: The ₹9,813-crore initial public offering (IPO) of SBI Funds Management, India’s biggest asset manager by some distance, is a tale of multiple eye-popping superlatives. The biggest IPO of 2026 is also the most subscribed ever among billion-dollar domestic issues, with investors bidding nearly 42 times the shares on offer by the money manager that oversees about ₹12.5 lakh crore in mutual fund assets.

In total, buyers placed bids for 5.19 billion shares in the issue against 124.5 million shares offered by the State Bank of India (SBI) subsidiary. In terms of the value of bids received, the issue drew allotment applications worth ₹2.97 lakh crore. The Qualified Institutional Buyers (QIBs) portion received the highest subscription – at 140.11 times the stock on offer. The Non-Institutional Investors (NIIs) subscribed 22.51 times of their reserved portion, while retail investors subscribed 3.6 times.

At 42x Subscription, SBI Funds Mgmt IPO Draws Record BuzzAgencies

Grey Market Premium
The employee reserved category and the portion reserved for shareholders of its parent company, SBI, were subscribed 4.65 times and 9.52 times, respectively. Among the 13 issuances raising more than $1 billion since 2020, SBI Funds’ IPO received the maximum number of bids, followed by LG Electronics India‘s October 2025 issue that was subscribed 38 times, data from primedatabase.com showed.In terms of value or amount of bids received, SBI Funds ranks third – after peer ICICI Prudential Asset Management at nearly Rs 2.99 lakh crore, and LG India’s Rs 4.4 lakh crore, which tops the charts. “The robust subscription levels bode well for the primary market as a whole and point to the possibility of healthy listing gains as well,” said Pranav Haldea, Managing Director, Prime Database Group.

First of Many?
SBI Funds’ issue may kick off the arrival of other large main-board issuances, such as those by Manipal Health Enterprises and Zepto, in the coming weeks.

Continue Reading

Business

Toyota sued over claims it tracked users after rejecting cookies

Published

on

Toyota sued over claims it tracked users after rejecting cookies

Toyota is the latest company facing a lawsuit over its website’s use of online tracking technology — aka cookies — highlighting a growing legal risk for businesses that rely on digital advertising and consumer data.

A proposed class action filed Wednesday in Los Angeles County Superior Court accuses the automaker of continuing to track visitors to Toyota.com even after they declined third-party cookies, allegedly violating California privacy law.

Advertisement

Lead plaintiff Brittany Conner alleges Toyota installed tracking technology on users’ devices despite their opting out through the website’s cookie consent banner. 

According to the complaint, the technology allowed third parties to collect browsing activity, device information, online identifiers and other data used for targeted advertising.

TOYOTA TO INVEST $3.6B IN PLANT EXPANSION, WILL SHIFT TACOMA PRODUCTION FROM MEXICO TO TEXAS

Toyota Motor Corp's logo is pictured at its dealership in Tokyo

The lawsuit alleges Toyota installed tracking technology on users’ devices despite their opting out through the website’s cookie consent banner.  (Kim Kyung-Hoon/Reuters, File / Reuters)

The lawsuit alleges the tracking relied on a practice known as “fingerprinting,” which can identify internet users by combining information about their devices and browsing activity, even when traditional tracking cookies are rejected.

Advertisement

Toyota’s website presents visitors with a consent banner offering the option to accept or decline cookies and similar tracking technologies. The lawsuit alleges the company nevertheless deployed tracking tools after users selected “decline.”

Ticker Security Last Change Change %
TM TOYOTA MOTOR CORP. 179.76 +2.84 +1.61%

The case comes as businesses across industries face mounting litigation under the California Invasion of Privacy Act, or CIPA, a 1967 law originally enacted to prohibit wiretapping. In recent years, however, plaintiffs have increasingly used the statute to challenge website tracking technologies and other online data collection practices.

APPLE ACCUSES OPENAI OF TELLING RECRUITS TO BRING APPLE PROTOTYPES TO INTERVIEWS

The outside of a new Toyota dealership in San Bernardino, California.

Toyota is the latest company facing a lawsuit over its website’s use of online tracking technology. (Terry Pierson/The Press-Enterprise via Getty Images / Getty Images)

According to privacy compliance firm OneTrust, more than 800 CIPA lawsuits were filed in 2025, targeting companies over technologies that plaintiffs argue collect consumer data without users’ consent.

Advertisement

Several companies have recently resolved similar claims. Forbes Media agreed in May to pay $10 million to settle a proposed “trap and trace” class action, while the Los Angeles Times agreed to a $3.85 million settlement. 

DraftKings and the NFL have also been sued over alleged website tracking practices.

CLICK HERE TO GET FOX BUSINESS ON THE GO

Conner is represented by Pacific Trial Attorneys. The firm did not immediately respond to FOX Business’ request for comment.

Advertisement

Toyota did not immediately respond to FOX Business’ request for comment.

Continue Reading

Business

Nephros, Inc. (NEPH) Discusses Evolving Water Safety Strategies and Expansion Beyond Filtration Transcript

Published

on

OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Robert Banks
President, CEO & Director

I’m really super excited about this. I got a few more people still logging in, so I’m going to pause just a little bit while we get those last few stragglers logged in. So good stuff, good stuff. So welcome to the Nephros investor event. Thank you for taking the time to join us today and for your interest in Nephros.

Whether you’ve been a shareholder for years or just beginning to learn about the company, I hope you leave today’s event with a much deeper understanding of who we are, why we exist and perhaps most importantly, where we’re headed.

Because today’s event isn’t really about filters, it’s about water. Water is necessary for life. Clean, safe water is fundamental to health. And yet most people don’t think about it until something goes wrong. When water quality fails, the consequences can be significant.

Advertisement

Patients become ill, buildings can shut down, equipment can fail, businesses lose confidence, trust is lost. At Nephros, our purpose is simple. We purify water where it matters most. That includes hospitals, dialysis clinics, commercial buildings, laboratories, food service and many other environments where water quality has real consequences for patients, customers, caregivers, equipment, operations, ultimately, trust.

The interesting thing that the market around us is just changing so rapidly. Just a few years ago, most conversations centered around legionella. Today, the discussion is much broader. Customers are thinking about opportunistic premise plumbing pathogens, biofilm, antibiotic-resistant organisms, PFAS, lead, aging infrastructure and increasingly micro and nanoplastics.

The

Advertisement
Continue Reading

Business

Form 4 Paysign Inc For: 16 July

Published

on


Form 4 Paysign Inc For: 16 July

Continue Reading

Business

Intuitive Surgical, Inc. (ISRG) Q2 2026 Earnings Call Transcript

Published

on

OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript