Just three weeks ago, the average rate was at 6.17%.
https://www.redbluffdailynews.com/2025/11/20/mortgage-rates-nov-20/
Average US long-term mortgage rate rises to 6.26%, the third straight increase
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GBP/USD extends much-needed recovery as Cable recovers 1.31
The post GBP/USD extends much-needed recovery as Cable recovers 1. 31 appeared com. GBP/USD climbed on Thursday, driven into the high side by over-extended bearish price action that has plagued the pair, as well as a surprisingly close Bank of England (BoE) vote on interest rate moves that gave investors hope that the BoE might be moving to support the UK’s flagging economy despite still-high inflation metrics. The BoE’s Monetary Policy Committee (MPC) voted to keep interest rates on hold this week, a move that surprised functionally nobody within the investment community. What did come as a surprise was the distance (or lack thereof) between MPC voters voting to hold or cut interest rates. The BoE’s interest rate setting guild voted five-to-four to keep interest rates on hold until the MPC’s next interest rate decision, a notably tighter gap between holders and cutters than initially expected. Central banks would typically be loathe to trim interest rates at a time when the UK’s national inflation rate has remained stubbornly high, near 3. 8% since July. That figure is nearly double the top end BoE’s preferred inflation rate band, however, a lopsided economy and lagging growth metrics may be prompting the BoE to reconsider it’s primary focus. This Friday would have seen the release of the US’s latest Nonfarm Payrolls (NFP), however, the longest US government shutdown in history has crimped the flow of official datasets. Investors have defaulted to paying additional attention to private data releases despite a tendency to produce volatile results on a release-to-release comparison. University of Michigan Consumer Sentiment and Consumer inflation expectations survey results are still due on Friday, and could take on additional weight for investors who are missing out on meaningful government-level inflation and labor metrics. GBP/USD daily chart Pound Sterling FAQs The Pound Sterling (GBP) is the oldest currency in the world (886 AD) and the official currency.
Silver dips as US Dollar strength, rate cut doubts weigh on gains
The post Silver dips as US Dollar strength, rate cut doubts weigh on gains appeared com. Silver (XAG/USD) trades around $50. 80 on Thursday at the time of writing, down 0. 70% on the day. The white metal is paring part of the earlier weekly advance, after prices briefly tested the $52. 00 area before being rejected as the US Dollar (USD) regained strength. The renewed firmness of the US Dollar is weighing across the commodities space, as investors reassess the likelihood of another Federal Reserve (Fed) rate cut in December. The Federal Open Market Committee (FOMC) Minutes released on Wednesday revealed significant resistance within the committee to further easing, reducing expectations for additional cuts and limiting the appeal of non-yielding precious metals. Silver is also affected by the broad market pause ahead of the delayed Nonfarm Payrolls (NFP) report for September due later in the day. The Bureau of Labor Statistics (BLS) confirmed that the October report will be published together with November’s data due to the government shutdown, reducing short-term macro visibility. Markets will therefore focus on the available indicators, including jobless claims, hourly earnings and participation, which could help shape rate expectations ahead of the December Fed meeting. Meanwhile, improved risk appetite following Nvidia’s strong earnings has triggered a modest rotation out of safe-haven assets, weighing on demand for Silver. Silver Technical Analysis: XAG/USD compresses between falling resistance and rising support Silver 4-hour chart. 80, down for the day by $0. 47 from the opening price. The 100-period Simple Moving Average (SMA) rises to $49. 85, and price remains above it, suggesting underlying support. The Relative Strength Index (RSI) stands at 47, neutral and pointing to fading momentum. A descending trend line from $54. 39 caps gains with resistance near $51. 77, while a rising line from $45. 56 underpins the price around $49. 74. A topside break of the descending barrier could.