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 »
Federal Reserve Governor Christopher Waller said longer-run structural issues will continue to put upward pressure on home prices and rents even as the central bank begins a campaign to raise borrowing costs.
Newsfeed: Inflation measures risk understating housing costs, Fed governor says Read More »
Despite the unexpected plunge in existing home sales, analysts expected new home sales in February to rebound modestly from January’s drop but they were wrong (again) as new home sales fell 2.0% (+1.1% exp) and worse still January’s 4.5% drop was revised drastically worse to a 8.4% plunge.
Newsfeed: New Home Sales Unexpectedly Tumble In February As Mortgage Apps Crash Read More »
As the latest existing home sales report cautioned, with NAR chief economist Larry Yun warning that “housing affordability continues to be a major challenge…”
Newsfeed: Housing Affordability Is About To Crash The Most On Record Read More »
After unexpectedly plunging in January, pending home sales were expected rebound very modestly in February (despite both new- and existing-home-sales tumbling as mortgage rates soar).
Newsfeed: US Pending Home Sales Plunge For 4th Straight Month Read More »
As a result of the recent spike in rates, economists are now lowering their home sales forecasts for this year.
The U.S. bond market reeled further on Tuesday, extending Monday’s declines after Federal Reserve Chair Jerome Powell’s aggressive rate hike comments drove yields on short-dated Treasuries to one of their biggest daily jumps of the past decade.
Newsfeed: Bonds Extend Drop After Fed Sparks One of Worst Days in Decade Read More »