The yield of the long-term rate-indicative 10-year Treasury note had plummeted to about 4.78% as of noon Thursday.The benchmark yield had previously been trading at levels just below 5%, according to Yahoo! Finance. The primary drivers of the decline were concerns about U.S. housing in the wake of recent statistics indicating that it was weaker than expected.
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Malhotra joins the home finance giant after previously helping launch platforms to provide generative AI enterprise solutions and founding a technology research lab at the global multinational firm.
1h ago -
The reverse-mortgage lender saw a quarterly loss but expects originations to increase 10% in the second quarter, as it attempts to address high-yield debt concerns.
2h ago -
Capital Community Bank of Provo has purchased Security Home Mortgage, headquartered in nearby Orem.
5h ago -
Mike Kortas, CEO of NEXA, alleges he fired his former co-owner, Mat Grella, because he added himself as a "new manager" of the company in a filed amendment to the company's articles of organization.
7h ago -
Price growth is decelerating but still driving historic home equity gains for owners and widening the gap between the haves and have-nots in housing, ICE finds.
9h ago -
Ex-CEO Michael Strauss used the lender's bank various accounts to pay for his own expenses, a trustee for the failed lender claims.
May 6