US MBA mortgage applications w.e. 22 August -0.5% vs -1.4% prior

Private markets' secondaries surge to $61.1B in Q2'25, up 2.2% QoQ. SPVs up 545%! High valuations, but transparency is key.

Spain's wildfires scorch 400K hectares. Banco de España offers aid for destroyed cash, requiring >50% of banknote remains.

Nvidia's $4T valuation tested as tech sector nears 50% of S&P 500. Traders eye earnings for AI rally's fate.

30-yr mortgage rates dip to 6.45%, 15-yr to 5.61%. Lower rates boost refi potential but watch for higher monthly payments on shorter terms.

Fed rate cuts push savings rates down, but HYSA still offer ~4% APY. EverBank, Western Alliance lead with 4.30% APY.

HELOC rates hover near 9%, with potential dips if Fed cuts rates. Homeowners tap equity, but beware variable rates post-intro.

Nvidia's $4T valuation & 30% YTD gain drive S&P 500. AI stocks up 170% since '22, but P/E ratios near 4-yr highs signal caution.