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European shares rally as tech leads gains; Britain's FTSE 100 hits 10,000 points for first time CNBCFTSE 100 index hits 10,000 milestone in new year rally BBCLondon stocks hit record as 2026 kicks off with global gains Yahoo Finance‘Boring' FTSE 100 Leaves U.S. in the Shade as it Hits Jackpot 10,000 Points TipRanks
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Mortgage activity in the U.S. has contracted for consecutive weeks. In the week ended April 26, the mortgage activity composite index slid 2.3% following a 2.7% fall the week before. Refinancing fell 3.3% while purchase applications dropped 1.7%. Inflation's stubbornness in the first quarter of 2024 has led investors to conclude that the Federal Reserve's first rate cut might not be coming this year. This has buoyed interest rates such as the 30-year fixed-rate mortgage. In the week ended April 26, the 30-year fixed rate rose 5 basis points to 7.29%, its highest since November.
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