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After the Federal Reserve lowered benchmark interest rates by 50 basis points last week, mortgage rates continued to move lower, although at a slower pace compared to recent weeks. At HousingWire‘s Mortgage Rates Center on Tuesday, the average 30-year conforming loan rate was 6.25%, down 9 basis points from a week ago. The 15-year conforming loan rate shed another 19 basis points during the week and now averages 5.60%. At the start of 2024, HousingWire Lead Analyst Logan Mohtashami forecast a range of 5.75% to 7.25% for 30-year rates by the end of the year based on a variety of…

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Georgijevic | E+ | Getty ImagesA surge in demand for artificial intelligence-focused semiconductors and AI-enabled smartphones and laptops could lead to the next global chip shortage, according to a report released Wednesday by consultancy Bain & Company.The last major semiconductor shortage happened during the Covid-19 pandemic amid supply chain disruption and a rise in demand for consumer electronics as people were forced to stay and work at home.Technology giants have been snapping up graphics processing units, or GPUs, mainly from Nvidia. These GPUs which are housed in data centers are critical for the training of huge AI models which underpin…

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Take care of your hair! Nine Zero One co-founders and celeb hairstylists Nikki Lee and Riawna Capri are known for coloring, cutting, and styling your favorite looks for Selena Gomez, Emma Roberts, Sophia Bush, Charli D’Amelio, Julianne Hough, Paris Jackson, Nina Dobrev, Camila Cabello, and more, and to celebrate their 15th anniversary, they told ET the do’s and don’ts for achieving red-carpet worthy hair.For starters, the hair experts rely on a creative process that embraces beauty — from the inside out — on all their clients. Nikki Lee/Instagram”A lot of the times when we do celebrity hair, it comes down to the…

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Whether it’s refining your business model, mastering new technologies, or discovering strategies to capitalize on the next market surge, Inman Connect New York will prepare you to take bold steps forward. The Next Chapter is about to begin. Be part of it. Join us and thousands of real estate leaders Jan. 22-24, 2025. Pulse is a recurring column where we ask for readers’ takes on varying topics in a weekly survey and report back with our findings. Now that the terms of the commission lawsuit settlement has been implemented, it seems that everyone’s attention has turned to questions around Clear Cooperation.…

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My friend and I traveled to Kyrgyzstan, a Central Asian country between China and Kazakhstan.The capital city was clean and quiet, and the more remote areas of Kyrgyzstan were stunning.During our trip, we stayed in yurt camps, tried local meals, and hiked into the gorgeous mountains. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy. You can opt-out at any time by visiting our Preferences page or by clicking “unsubscribe” at the bottom of the email.…

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More than 430 people have died from cholera in the past month, Sudan’s health ministry says, as civil war continues to ravage the country.The number of infections has risen to about 14,000, it said in a statement.It said it was doing all it can to “combat cholera in the affected states, amid the rise in infections”.Getting treatment to those affected areas is hugely complicated by the conflict which has killed up to 150,000 people since it began last year, according to the US special envoy for Sudan, Tom Perriello.Medical charity Doctors Without Borders (MSF) reported that they are “regularly obstructed…

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Welcome to Plathville? For Ethan Plath on the latest episode of this TLC reality show, it was more like… Welcome to The Next Step in Life, dude! Indeed, folks, the star met a girl named Lily on the September 24 installment of this series. Ethan Plath addresses the camera early on Welcome to Plathville Season 6. (TLC) “Maybe there’s a little bit of chemistry,” the 26-year old says to the camera early on in the episode after he goes out line-dancing. “I think I can feel a little bit, maybe, but I don’t know if that’s just me reading into…

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Just when you think you can anticipate the next trend in real estate, get ready for a new twist. Home prices increased 5.4% nationally in June when compared with the previous year, according to the S&P CoreLogic Case-Shiller index. Though this is a decrease from the 5.9% pace recorded the previous month, this rate is still very high. Current home price data shows that affordability remains one of the biggest challenges for buyers today, particularly when coupled with persistently high interest rates. Meanwhile, sellers who locked in a record-low mortgage rate of 3% or less during the pandemic have been…

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Bettina Orlopp, chief financial officer of Commerzbank AG, speaks during a fourth quarter earnings news conference at the bank’s headquarters in Frankfurt, Germany, on Thursday, Feb. 13, 2020.Alex Kraus | Bloomberg | Getty ImagesCommerzbank announced Tuesday it has picked 10-year veteran, and current Chief Financial Officer Bettina Orlopp to helm the bank as chief executive as it seeks to fend off a potential hostile takeover from Italian bank UniCredit.The bank has been on the defensive as UniCredit looks to become its largest shareholder, signaling the potential for a full takeover.Earlier this month, the Milan-based bank started building its shareholding with…

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