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 »
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 »
Analysts and authors, myself included, have been warning about the collapse of the dollar as the global reserve currency for years. I described this prospect in my first book …
Newsfeed: Rickards: Collapse Is Happening Before Our Eyes Read More »
Mortgage rates in the U.S. resumed their upward climb, reaching the highest level since August 2009.
Newsfeed: U.S. Mortgage Rates Jump to 5.27%, Highest Since 2009 Read More »
Federal Reserve Chairman Jerome Powell beat back the market’s most aggressive predictions for the path of interest rates Wednesday, setting off a dovish surge in stocks and bonds.
Newsfeed: Bond Turmoil Threatens to Erupt Anew With Inflation Haunting Fed Read More »
Mortgage rates are skyrocketing thanks to the Fed, but buyers who can tough out this difficult, changing market will be rewarded.
In times of Treasury turmoil, the biggest investor outside American soil has historically lent a helping hand. Not this time round.
After dismal earnings by such mammoth retailers as Walmart, Targets and this morning’s “horror report” by Abercrombie and Fitch, on Tuesday afternoon we actually got a solid report by Nordstrom, which not only printed strong earnings but also hiked guidance sending the stock higher as much as 12%.
Newsfeed: U.S. Foreclosure Activity Sets Post Pandemic Highs in First Quarter of 2022 Read More »
High housing prices continue to be a concern in many major markets. While there are varying opinions on how to solve the problem, history says … and recent headlines concur … that adding fuel to the fire will be the likely “solution.” Here’s how it works and why it’s likely to create a lot of equity right up until it doesn’t … First, it’s important
Adding fuel to the high housing price fire … Read More »