Forums Discussions
-
Discussions tagged with 'GCA Forums News For Monday April 13 2026'
-
Monday, April 13 2026- TRENDING NEWS
REAL ESTATE AND HOUSING MARKET
Rising mortgage rates caused home sales to drop to their lowest point in nine months, according to the National Association of Realtors. Sales averaged 3.98 million per year, down 3.6% from last month and below the Dow Jones forecast of 4.05 million. At the same time, the typical home price rose 1.4% over the past year, reaching $408,800.
INTEREST RATES AND MORTGAGE RATES
Mortgage costs went up in March, with 30-year loan rates reaching 6.64%, according to Mortgage News Daily. Since the US-Iran ceasefire, rates have dropped by about 0.25%. Changes in the 10-year Treasury note, which fell slightly from 4.30% to 4.29%, also affected mortgage and consumer loan interest rates.
Gold prices rose 1% to $4,730 per ounce amid increased demand. Bitcoin bounced back to $71,100 after falling to $69,000. Bitcoin ETFs saw $786.31 million in new investments last week, the biggest amount since late February.
STOCK MARKET PERFORMANCE
On Monday, Wall Street’s main indexes moved in different directions as investors reacted to the failed US-Iran talks and sought new buying opportunities. By late morning, the Dow Jones Industrial Average had fallen 255.39 points (0.53%) to 47,661.18. The S&P 500 stayed steady, while the Nasdaq Composite rose 64.35 points (0.28%) to 22,967.24. Goldman Sachs led the Dow’s drop, falling 3.14%. Lawmakers are rushing to pass a new resolution to stop the Iran conflict and require President Trump to get Congress’s approval before any more military action. There were no updates on Trump’s cabinet members, including Bondi and Noem.
POLITICAL SCENE
The report leaves out details about blue and red states or Trump’s current popularity. Expected increases in fuel costs, caused by rising oil prices, hurt travel stocks. Delta Air Lines and Southwest Airlines fell 2.81% and 2.77%. On the other hand, energy stocks did well amid higher oil prices and ongoing uncertainty, lifting the S&P 500 energy sector by 1.75%. This year, the energy sector has gone up about 35%.
View Last Reply:
replied 4 weeks ago
| Participants: 2 Members
|
1 Reply
