US mortgage rates jumped again this week, extending a steep climb that is shutting some would-be homebuyers out of the market.
Newsfeed: Mortgage Rates in US Rise to 5.3%, Highest Since July 2009 Read More »
Since the Fed is rushing to hike the US into a deep recession just so inflation will (supposedly) slide ahead of the November midterms, in line with Biden’s demands, the housing market is eager …
Newsfeed: There Goes The Housing Market Read More »
Housing in all of the top 100 markets in America is selling at a premium, but in some, that premium is much smaller.
ARMs — which carry variable interest rates that reset based on the market at predetermined times — accounted for 10.8% of total home-loan applications …
Newsfeed: Adjustable Loans Form Largest Share of US Mortgages Since 2008 Read More »
There’s no end in sight for Wall Street’s Sunbelt sojourn. A pair of Goldman Sachs-backed ventures gobbled up an entire rental home community in Florida last month for a cool $45 million, according to reports.
Newsfeed: Goldman Sachs-backed firms buy entire Florida community for $45M Read More »
Stocks fell on Wednesday, dialing back earlier gains as investors continued to digest the latest U.S. inflation data.
Nearly every community in the U.S. is feeling the effects of an overvalued housing market, particularly in some smaller cities in states like Idaho and Tennessee where many sought out a new home during the pandemic.
Newsfeed: Here are the top 25 most overvalued housing markets in the US Read More »
While Powell may remain oblivious to the stock market turmoil crushing momo daytraders and billionaire Tiger cub “hedge funds” who have no idea how to trade when the Fed is not propping up their books, once the equity chaos spreads to bonds and other credit products, that’s when the Fed always begins to panic.
In the week ending May 5, mortgage rates rose for the eighth time in nine weeks. 30-year fixed rates jumped by 17 basis points to 5.27%. 30-year fixed rates slipped by one basis point in the week prior.
Newsfeed: US Mortgage Rates Spike Again as the Markets Respond to the Fed Read More »
After years of plowing money into boosting production and thus depressing oil prices, the U.S. shale patch emerged from the pandemic-inflicted slump with unwavering capital discipline which, combined with $100+ oil, is paying off with record cash flows for American oil producers.
Newsfeed: U.S. Shale Swings From Losses To Record Cash Flows Read More »