Mortgage application volume barely moved last week, falling 0.5% compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Rates, meanwhile, dro...
Tag: Rates
Economists Warn of Severe Recession as Fed Continues Raising Interest Rates to Fight Inflation – Economics Bitcoin News
A growing number of economists have warned about a severe recession in the U.S. if the Federal Reserve keeps up its fight against inflation. “Each adverse development in the outside world implies the ...
Fed will keep hiking interest rates longer than you can stay solvent
Surging inflation and weak growth have been plaguing the global economy for months, but the rising CPI and a devaluating national currency first seen in the U.S. have now spread to Europe as well. The...
Here’s exactly where ‘whiplash-inducing’ mortgage rates are headed this year, according to 6 economists and real estate pros
Where are mortgage rates headed? Getty Images Rates are trending upwards, pros say. Indeed, many pros say estimate that the Federal Reserve will raise interest rates in November and December. And for ...
Mortgage Giant Rocket Plunges Back to Earth, Hit by Rising Rates
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African Fintech Sector Had One of the Highest Year-on-Year Growth Rates in Funding in 2021 – Fintech Bitcoin News
In 2021, African fintech startups accounted for 61% of the $2.7 billion in venture capital funding that was deployed on the continent, a new study has found. While its share of global fintech funding ...
Fed expected to again raise rates by 75 basis points then ‘lay the ground for a step down’
The Federal Reserve is widely expected to raise its benchmark interest rate by three-quarters of a percentage point for the fourth meeting in a row on Wednesday after two days of Federal Open Market C...
Fed Could Hike Interest Rates By 75 BPS, Here’s What It Means For Bitcoin
The FOMC meeting is currently looming above the financial markets, including bitcoin, given that it is just a few days away. Previous interest rate hike trends and the fact that inflation remains a pr...
Why Are Mortgage Rates Going Up?
Key Takeaways Mortgage rates have increased dramatically, with the average 30 year fixed rate increasing from around 3% at the start of 2022 to around 7% now. This is down to the Fed’s policy of...
The Global Treasury Market Is Under Pressure As Fed Raises Rates
The Fed’s next crisis is already brewing. Unlike 2008, where “subprime mortgages” froze counter-party trading in the credit markets as Lehman Brothers failed, in 2022, it might just be the $27 Trillio...
Goldman Sachs Now Sees Fed Rates Peaking at 5% in March
(Bloomberg) — Goldman Sachs Group Inc. economists said they now expect the US Federal Reserve to raise interest rates to 5%, higher than previously predicted. Most Read from Bloomberg The centra...
Bitcoin Is Good to Buy Before FED Pivots and Stops Hiking Rates: Robert Kiyosaki
Yuri Molchan “Rich Dad, Poor Dad” author says that Bitcoin will stay, while stocks and real-estate will crash Contents Raising interest rates will kill economy Bitcoin reclaims $20,800, CEX outflows s...
Homebuyers are having a ‘come to Jesus’ moment as mortgage rates now top 7% — here’s when things are expected to get better
Homebuyers are having a ‘come to Jesus’ moment as mortgage rates now top 7% — here’s when things are expected to get better The rate on America’s most popular home loan has topped 7% for the first tim...
Bitcoin Failed at $21K as ECB Raises Interest Rates by 75 Basis Points (Market Watch)
Bitcoin was stopped after touching $21,000 after the European Central Bank said it will raise the key interest rates once more. The altcoins are back in the red as well, with the most notable losses c...
US home prices could plunge 20% next year as mortgage rates surge
Home prices are already falling at the fastest rate in decades as mortgage rates march higher, and could tumble another 20% next year, according to a noted Wall Street economist. Ian Shepherdson, the ...
Watch Christine Lagarde speak after the ECB hikes rates once again
[The stream is slated to start at 08:45 a.m. ET. Please refresh the page if you do not see a player above at that time.] European Central Bank President Christine Lagarde is giving a press conference ...
Bank of Canada raises rates by 50bps, trouble for crypto?
On Wednesday, the Bank of Canada increased its overnight lending rate for the sixth time this year. The central Bank is aiming to curb inflation. In addition, the Bank of Canada issued a warning that ...
Will High Government Debt Create Problems As Rates Rise?
Will elevated debt to GDP create problems for the U.S. government as interest rates rise? … [+] Photographer: Sarah Silbiger/Bloomberg © 2022 Bloomberg Finance LP In 2022 interest rates have sho...
Mortgage bankers expect rates to drop to 5.4% in 2023. What will home prices do?
NASHVILLE, Tenn. — High mortgage rates and recession fears are hurting home prices, so expect growth to be flat this year, one expert says. “Our forecast is for home-price growth moderation to continu...
JPMorgan president Daniel Pinto says a recession is likely and markets may fall further as the Fed raises rates
Daniel Pinto, co-president and chief operating officer of JPMorgan Chase & Co., speaks during the Institute of International Finance (IIF) annual membership meeting in Washington, D.C., Oct. 18, 2...
The top 1-year CD rates for October 2022
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With Prices Dropping And Interest Rates Rising, Is Now A Good Time To Invest In Real Estate?
One of the biggest decisions a person will make is whether or not they will buy real estate — maybe a house, rental property, duplex or apartment building. Making such a decision can be very emotional...
Fed Anticipated To Raise Interest Rates by 75 Basis Points
44 seconds ago | 2 mins read Bitcoin News The interest rate hike has previously affected cryptocurrencies badly. Bitcoin and Ethereum both saw price drops in September after the hike. The WSJ reported...
Bullard Says Strong Job Market Gives Fed Room to Raise Rates
(Bloomberg) — Federal Reserve Bank of St. Louis President James Bullard said the strong US labor market gives the central bank room to raise interest rates so it can curb inflation that’s runnin...
Tron (TRX) and Shiba Inu (SHIB) Step up Burn Rates
Tron (TRX) and Shiba Inu (SHIB) are changing the narrative of their meme coin status by stepping up their burn rates. The Tron (TRX) price and Shiba Inu (SHIB) price remain unaffected and we look at w...
Core Scientific Again Raises Bitcoin Mining Hosting Rates
“All units outside of the [Bitmain Antminer] S19 XP [go] into negative gross margin territory,” at above 9 cents per kilowatt hour, said Ethan Vera, chief operating officer at mining servi...
Fed likely to hike interest rates by 75 basis points in November meeting
Federal Reserve officials are working on introducing another 75 basis point rate hike at the upcoming meeting from Nov. 1-2, according to a report by The Wall Street Journal. In the last three meeting...
The Fed Will Raise Rates Again in November, But May Slow Hikes Afterwards
Key Takeaways Federal Reserve officials will likely raise interest rates by 75 basis points during their November meeting. The interest rate has already seen three raises of that size this year; this ...
‘From Bambi to Godzilla.’ Strategist David Rosenberg skewers the Federal Reserve as he sees a 30% hit to home prices and the S&P 500 returning to an early 2020 low
The last time David Rosenberg shared his outlook for the U.S. stock market and the economy with MarketWatch, in late May, it was depressing enough. Rosenberg is the widely followed president and chief...