Mortgage rates today hold near 3-year lows as Fed meeting nears; homebuilder shares slip

Mortgage rates today hold near 3-year lows as Fed meeting nears; homebuilder shares slip

The average 30-year fixed mortgage rate holds near 6%, its lowest level in over three years, with Freddie Mac reporting 6.09% and Bankrate at 6.20%. Core PCE inflation remains above the Fed’s 2% target at 2.8%. Treasury yields and new inflation data are shaping rates ahead of the Federal Reserve’s meeting next week. Mortgage applications jumped 14.1% last week, according to the Mortgage Bankers Association.
Intel stock plunges in premarket, putting AI chip stocks and prices in play ahead of Big Tech earnings

Intel stock plunges in premarket, putting AI chip stocks and prices in play ahead of Big Tech earnings

Intel fell 13.6% in premarket trading after warning of supply shortages for AI data-center chips, erasing up to $31 billion in market value. Nasdaq 100 futures dropped 0.35% by 5:57 a.m. ET. Investors are watching a packed earnings week for signs that AI spending is translating into profit growth. Memory-chip prices are rising as AI infrastructure strains supply chains.
Bitcoin price today: BTC slips under $90,000 as ETF outflows mount ahead of Fed

Bitcoin price today: BTC slips under $90,000 as ETF outflows mount ahead of Fed

Bitcoin slipped 0.8% to $89,140 in early New York trading Friday, failing to hold gains from overnight. U.S.-listed spot bitcoin ETFs saw net outflows for a second straight session, totaling over $740 million this week. BitGo jumped 24.6% on its IPO debut, valuing the crypto custody firm at $2.59 billion. Traders await next week’s Federal Reserve meeting for signals on interest rates.
Natural gas pulls back after a brutal rally — here’s what traders watch next

Natural gas pulls back after a brutal rally — here’s what traders watch next

U.S. natural gas futures fell 6.1% to $4.737/mmBtu early Friday after a three-day, 63% surge driven by an Arctic blast and a larger-than-expected storage draw. The PJM Interconnection warned next week’s power demand could top 130,000 MW. Storage dropped 120 Bcf last week but remains above last year’s level. Traders cited freeze-offs and volatile weather as key risks.
Silver price surges toward $100 after record hit as Fed week looms

Silver price surges toward $100 after record hit as Fed week looms

Spot silver hit a record $99.34 an ounce in early Friday trading before easing to $97.85, as gold and platinum also reached new highs. The dollar index fell to a two-week low, down about 1% for the week. Traders expect the Federal Reserve to pause at its Jan. 27-28 meeting, with two rate cuts still forecast for 2026. Indian gold dealers reported strong investment demand ahead of the Feb. 1 budget.
UK stock market today: FTSE 100 slips as upbeat UK data meets rate-cut doubts; Babcock, C&C move

UK stock market today: FTSE 100 slips as upbeat UK data meets rate-cut doubts; Babcock, C&C move

The FTSE 100 fell 0.13% to 10,136.43 on Friday, reversing early gains as strong UK retail sales and a jump in business activity fueled speculation the Bank of England may delay rate cuts. Retail sales rose 0.4% in December, beating forecasts, while the UK Composite PMI hit 53.9, its highest since April 2024. Babcock shares slipped 1.2% after its CEO announced plans to retire. C&C Group dropped 9.6% on a profit warning.
CRISPR Therapeutics stock in focus as shares cool premarket after 11% surge and CEO sale filing

CRISPR Therapeutics stock in focus as shares cool premarket after 11% surge and CEO sale filing

CRISPR Therapeutics shares slipped 0.5% to $60.51 in premarket trading Friday after CEO Samarth Kulkarni sold 90,000 shares for about $5.2 million under a preset plan, an SEC filing showed. The stock had surged 11.1% Thursday on heavy volume. Options trading spiked, with focus on April $90 calls. Bank of America trimmed its price target to $89 but kept a Buy rating.

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