Finance & Mortgage

UK mortgage approvals dip in February, business lending contracts again

British mortgage approvals slowed in February by more than expected, possibly reflecting bad weather during the month, and there was another contraction in business lending.

Stocks rise on US data, China; European bond yields down

Global equity markets rose on Friday, bolstered by U.S. economic data that was largely promising and signs that China will step in to support a cooling economy, while euro zone government bond yields fell on renewed bets the European Central Bank will ease policy next week.

U.S. average 30-year-fixed mortgage rates reach two-month high at 4.4 percent

The average 30-year fixed mortgage rates in the United States spiked to reach a two-month high since January at 4.4 percent, Freddie Mac, the government-backed lending giant, announced Thursday.