Wall Street is buzzing over the shift in Federal Reserve policy—the era of loose, rock-bottom interest rates is out. In are a series of rate hikes as the central bank tries to put the clamps on spending and cool off inflation.
Rental prices for single-family homes have skyrocketed to record levels across the U.S., increasing to an average of 7.8 percent in 2021. Apartment rents are up too.
30 Year fixed mortgage rates have jumped 160bp this year, reaching the highest since November 2018, with the latest Freddie Mac data showing an acceleration in mortgage rates which jumped a quarter point in just the past week, from 4.42% to 4.67%.
Newsfeed: Biggest Housing Affordability Shock In History Incoming Read More »
The Federal Reserve and other central banks took ownership of the bond markets during the pandemic with zero-bound rates. Now they are busy breaking them.
Newsfeed: The Fed Owned The Bond Market, Now It’s Breaking It Read More »
The deceleration in home prices seen last fall didn’t continue in January as home buyers rushed to lock in deals.
Annual inflation hit a 40-year high last month, at 7.9 percent. And that’s pushing house prices up even higher. NTD spoke with Russell Gray, co-host of “The Real Estate Guys” podcast, to learn more
Newsfeed: Real Estate Guy: Home Prices May Keep Rising Read More »
In life and investing, mindset is a powerful tool. Today’s guest is a successful entrepreneur and investor who found the courage, determination and information to overcome an extremely difficult situation … And in the process, transformed his life. Tune in to this inspiring episode for tangible tools to tap into the power of your
Podcast: From Adversity to Triumph – Taking Control of Your Brain Read More »
Signs of trouble continue to show up in the world’s largest, most liquid government-securities market as government bonds logged their worst week in years and the U.S. central bank’s interest rate hiking cycle gets under way.
US mortgage rates continued their near-vertical ascent, soaring to levels not seen since Jan 2019 at an almost unprecedented speed…
Newsfeed: Housing Affordability Crisis Imminent As Mortgage Rates Hit 3 Year High Read More »
The average rate on the 30-year fixed mortgage shot significantly higher Friday, rising 24 basis points to 4.95%, according to Mortgage News Daily. It is now 164 basis points higher than it was one year ago.
Newsfeed: Mortgage rate soars closer to 5% in its second huge jump this week Read More »