By Agencies The Governor of the Bank of Korea, Rhee Chang-yong, cautioned on Thursday that "excessive" cuts to policy interest rates could trigger another surge in property prices and heighten volatility in currency markets, despite a sluggish domestic economy. In remarks prepared for the bank's 75th...

By Agencies The average rate for a 30-year mortgage in the U.S. climbed this week to 6.89%, marking its highest point since early February. This increase further raises borrowing costs for homebuyers. According to mortgage buyer Freddie Mac, the rate rose from 6.86% last week. A...