
Mortgage Rates Decline Slightly, Sending 30-Year Loans to 6.72%
The average for 30-year, fixed loans was 6.72%, down from 6.74% last week, Freddie Mac said in a statement.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Bloomberg
10 minutes ago
- Bloomberg
Pepperstone's Weston on Volatility in the Stock Market
Pepperstone Group Head of Research Chris Weston speaks to Bloomberg TV's David Ingles on volatility in stock markets following the release of weak US jobs data. Weston speaks as Asian stocks head for their longest losing streak in two years. (Source: Bloomberg)


Bloomberg
26 minutes ago
- Bloomberg
China to Tax Bond Interest Income After Decades of Exemption
China said it plans to tax interest income on bonds issued by the government and financial institutions, in a surprise move that's prompted investors to reevaluate their debt market positions. The government will resume collection of value-added tax on interest income from bonds sold by central and local governments, as well as those from financial institutions starting Aug. 8, the Ministry of Finance said in a statement released on Friday. Bonds issued before that, including the reopening sales on these notes, will be exempted from the tax.
Yahoo
38 minutes ago
- Yahoo
Revolve (RVLV) To Report Earnings Tomorrow: Here Is What To Expect
Online fashion retailer Revolve (NASDAQ:RVLV) will be reporting earnings this Tuesday after market close. Here's what to expect. Revolve met analysts' revenue expectations last quarter, reporting revenues of $296.7 million, up 9.7% year on year. It was a strong quarter for the company, with an impressive beat of analysts' EBITDA estimates and a narrow beat of analysts' number of active customers estimates. It reported 2.7 million active buyers, up 6% year on year. Is Revolve a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Revolve's revenue to grow 5.4% year on year to $297.6 million, improving from the 3.2% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.13 per share. The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Revolve has missed Wall Street's revenue estimates three times over the last two years. Looking at Revolve's peers in the consumer internet segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Carvana delivered year-on-year revenue growth of 41.9%, beating analysts' expectations by 5.7%, and Amazon reported revenues up 13.3%, topping estimates by 3.4%. Carvana traded up 17% following the results while Amazon was down 8.2%. Read our full analysis of Carvana's results here and Amazon's results here. Investors in the consumer internet segment have had steady hands going into earnings, with share prices flat over the last month. Revolve is up 1.6% during the same time and is heading into earnings with an average analyst price target of $23.21 (compared to the current share price of $20.69). When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we've found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data