Key insight: Citi’s fourth-quarter net income fell 13% year over year, in connection with its pending exit from Russia. What’s at stake: Overall, the New York-based megabank reported strong results for 2025, including full-year revenue of $85.2 billion, the highest annual total since Jane Fraser was named CEO in 2021. Forward look: The bank reaffirmed […]
Citi’s profits fall as it gets closer to exiting Russia Read More »
US mortgage rates slid last week to one of the lowest levels in years, sparking a flurry of purchase and refinancing activity that offers hope for a plodding housing market. Processing Content The contract rate on a 30-year mortgage dropped 7 basis points to 6.18% in the week ended Jan. 9, according to Mortgage Bankers
Mortgage rates slide to one of lowest levels since 2022 Read More »
US previously owned home sales climbed in December to the fastest pace since 2023, a welcome sign for a housing market that has lacked momentum for several years. Processing Content Contract closings rose 5.1% to a 4.35 million annualized pace last month, the highest since February 2023, according to figures released Wednesday by the National
US home resales climb to strongest pace since 2023 Read More »