‘A ray of hope’: As mortgage rates fall for a fourth week, experts say homes may soon become affordable again — even if volatility is here to stay Mortgage rates are continuing their downward trend as...
Tag: Rates
Fed to keep interest rates high all next year, making a recession very likely: Survey
The Federal Reserve is likely to keep interest rates elevated through 2023, dashing Wall Street’s hopes for rate cuts in the second half of 2023 and almost guaranteeing a recession. That’s...
Fed Expected to Keep Peak Rates for Longer, Dashing Hopes for 2023 Cuts
(Bloomberg) — The Federal Reserve is set to disappoint Wall Street as it keeps rates at their peak throughout 2023, dashing hopes markets have priced in for rate cuts in the second half and maki...
What’s happening with the housing market? Mortgage rates, home prices and affordability
Potential buyers remained reluctant to take the plunge on financing a home purchase even as mortgage rates fell for the fourth straight week. Mortgage applications decreased 2% the week ending Dec. 2 ...
Ethereum upgrade doubled energy efficiency rates, study reveals
Ethereum’s recent upgrades showcase a cut in the power demand by cryptocurrency networks, with the study indicating the crypto could be going green. The Ethereum post-merge era Ethereum, one of the mo...
JPMorgan looks at ‘Armageddon scenario’ of Fed jacking rates up to 6.5%. Its conclusion may come as a surprise.
The market’s expectation is that the Federal Reserve will keep lifting its policy interest rate until it brings it to 5% before pausing for some time. But it’s possible that the Fed could decide that ...
The Fed is expected to raise rates once more before 2023. If you’re shopping for a new CD, you may want to hold off
With inflation still at an all-time high, consumers could see one more rate hike from the Fed before 2022 comes to an end. The Federal Open Market Committee holds eight regularly scheduled meetings du...
US Mortgage Rates Fall a Fourth Week, Longest Stretch Since 2019
(Bloomberg) — US mortgage rates fell for a fourth week in a row, the longest such stretch of declines since May 2019. Most Read from Bloomberg The contract rate on a 30-year fixed mortgage eased...
Mortgage demand falls again even as interest rates sink further
A “For Sale” sign in front of a home in Sacramento, California, on Monday, Dec. 5, 2022. David Paul Morris | Bloomberg | Getty Images Lower mortgage rates are pulling some current homeowne...
Cramer’s 4 Reasons Why The Fed Can’t Stop Raising Interest Rates
IPOs, Oil etc… Jim Cramer has listed four reasons why Fed can’t stop raising interest rates The CNBC investment pundit has issued a warning regarding Oil. The ‘Mad Money’ host Jim Cramer listed four r...
Is The Real Estate Market Slowing Down Due To Mortgage Rates?
| Getty Images Key Takeaways Mortgage rates have nearly tripled since this time a year ago. However, housing prices have continued to rise, making new mortgages unaffordable. Overall, the result is a ...
Fed can’t stop raising interest rates due to these 4 factors
CNBC’s Jim Cramer on Monday listed four reasons why the Federal Reserve can’t stop tightening the economy just yet. Not enough people are reentering the workforce. That makes it more diffi...
How Your Savings Can Benefit From Higher Interest Rates In 2023
The Federal Reserve has hiked rates aggressively in 2022, that’s a benefit for savers (Photo by Mark … [+] Wilson/Getty Images) Getty Images The Fed has hiked rates aggressively. That’s cr...
New York’s ‘zombie’ office towers teeter as interest rates rise
During a prolonged bull market fuelled by historically low interest rates and nearly free money Doug Harmon and his team presided over record-breaking sales for many of Manhattan’s trophy office build...
Homebuyers should heed old shopping adage as mortgage rates seesaw
Mortgage rates hit their highest level in 22 years last month before retreating for the last three weeks. Experts say homebuyers can use this volatility to their advantage — especially as more lenders...
Fed Could Be Pushed by Overheated Wages to Higher Peak Rates
(Bloomberg) — Federal Reserve officials have enough worrisome inflation data to consider raising interest rates to a higher peak than investors expect and potentially follow the half-point hike ...
‘Optimism grows’ as mortgage rates post biggest three-week drop since 2008 — but despite this ‘silver lining,’ experts see dark clouds ahead
‘Optimism grows’ as mortgage rates post biggest three-week drop since 2008 — but despite this ‘silver lining,’ experts see dark clouds ahead Mortgage rates continued their plunge from a peak of 7.08% ...
Elon Musk wants the Fed to ‘cut interest rates immediately’ — but Jerome Powell just said inflation ‘remains far too high.’ Here are 3 sectors for safety if costs keep soaring
Elon Musk wants the Fed to ‘cut interest rates immediately’ — but Jerome Powell just said inflation ‘remains far too high.’ Here are 3 sectors for safety if costs keep soaring ...
Larry Summers Says Fed Will Need to Boost Rates More Than Markets Expect
(Bloomberg) — Former Treasury Secretary Lawrence Summers warned that the Federal Reserve will probably need to raise interest rates more than markets are currently expecting, thanks to stubbornl...
Tora Inu is the Next Meme Coin to Watch Since Dogecoin’s Price Retraced After the SEC Raised Rates
There is no denying that Dogecoin has had the best performance in the most recent period. Elon Musk, a contentious businessman who is known to be a fan of the meme coin, had the good fortune to purcha...
Gold & Silver Stocks Perk Up
closeup of silver eagle and golden american eagle one ounce coins on black background getty The precious metals sector is showing strength after Fed Chair Jerome Powell said interest rates increases m...
Mortgage Rates Fall As Inflation Eases And Fed Signals Smaller Hikes Ahead
Fed officials signal the pace of rate hikes may slow. getty Mortgage rates fell to a two-month low this week as bond investors bet inflation will continue easing and the Federal Reserve signaled it wi...
Mortgage rates fall for the third straight week, but demand still drops further
A For Sale sign appears in front of a house on Oak Street in Patchogue, New York, on May 17, 2022. Steve Pfost | Newsday | Getty Images Mortgage rates soared over 7% just a month ago, but since then t...
Elon Musk Implores Fed to Cut Interest Rates or Risk Economy Tumbling into ‘Severe’ Recession
Tesla boss Elon Musk opines that the Fed’s attempts to stem inflation may inadvertently induce a full-blown recession. Elon Musk believes that the Federal Reserve must cut interest rates immediately o...
Elon Musk Warns of Severe Recession — Urges the Fed to Cut Interest Rates Immediately – Economics Bitcoin News
Tesla CEO and Twitter boss Elon Musk has warned of a severe recession in the U.S. The billionaire stressed that the Federal Reserve needs to cut interest rates “immediately,” emphasizing that the Fed ...
Elon Musk says the Fed must cut rates ‘immediately’ to stop a severe recession
Tesla Motors CEO Elon Musk unveils a new all-wheel-drive version of the Model S car in Hawthorne, California October 9, 2014. Lucy Nicholson | Reuters Elon Musk thinks a recession is coming and worrie...
Economic Uncertainty, Higher Interest Rates Curb Demand For Used Cars, Trucks
Used cars for sale in El Cerrito, Calif. Getty Images Inflated used-vehicle prices have started to come down at the wholesale level, and that implies consumer demand may also have declined, due to hig...
Bank of Ghana raised rates to 19-year high; Debt-ridden government launches a unique gold-for-oil plan
Rocketing inflation in Ghana has forced a supersized 2.5% rate hike by the central bank to a 19-year high of 27%, in its meeting yesterday. October retail inflation reached 40.4%, over 4 times the cou...
In mid-November, mortgage rates saw their biggest decline since 1981. Here’s what 6 pros say will what happen next
The latest mortgage rates Getty Images/iStockphoto For most of 2022, the trend of mortgage rates was generally up and then up some more. But in mid-November something big happened: Thanks to better-th...
Here’s why the smart money is betting on value stocks to outperform growth
You should be skeptical of the growth story that periodically captures stock investors’ attention. That’s because the companies that Wall Street believes will grow the fastest in the future rarely liv...