Average long-term US mortgage rates holds at 6.35% this week
Thu, Sep 5, 2024 9:43 PM

Average long-term US mortgage rates holds at 6.35% this week

A Flip by Shubhangi Gupta
Get it on Google Play
The average rate on a 30-year mortgage in the U.S. was flat this week ahead of an expected interest rate cut from the Federal Reserve later this month. The rate remained at 6.35% from last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 7.12%.Before last week, the last time the average rate was this low was May 11, 2023.

More great flips

Kross IPO subscribed 140% so far on Day 2. Check GMP, other details

Kross IPO subscribed 140% so far on Day 2. Check GMP, other details

The initial public offering (IPO) of Kross Ltd., which opened for subscription on Monday, was subscribed 1.4 times so far on Tuesday, the second day of the bidding process. Around 11:45 am, the highest demand was driven by the retail investors, booking the issue by 2.34 times, followed by the non-institutional investors, subscribing to the issue by 1.13 times.

Open Flip
Time Technoplast Ltd bags new order from A reputed Government-Owned OMC

Time Technoplast Ltd bags new order from A reputed Government-Owned OMC

Time Technoplast Limited has secured a significant contract from a reputable government-owned Oil Marketing Company (OMC) to supply Type IV CNG/CBG Mobile Storage Cascades. The total basic value of this order is approximately INR 67.21 crores. The order was awarded domestically and is expected to be executed within 10 weeks from the date of the purchase order or call-off.

Open Flip
Promoter of GACM Technologies Plans to Increase Stake by 13%

Promoter of GACM Technologies Plans to Increase Stake by 13%

In a recent strategic move, the promoters and promoter group of GACM Technologies have announced their intention to increase their stake in the company by up to 13 per cent within the year. This decision underscores the promoters' unwavering confidence in the company’s growth potential and their commitment to enhancing shareholder value.

Open Flip

Join our Smart Investment Community

More than 2 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon