The Federal Reserve is likely to raise interest rates more than the markets now expect, says Ricardo Reis, an economist at the London School of Economics. “Markets are going to Read more
Tag: Rates
Fed’s Kashkari backs interest rate hikes ‘at least the next few meetings’
The Federal Reserve should keep raising its policy interest rate until it is confident inflation has peaked and that means interest rate hikes “at least at the next few meetings,” Read more
Home price growth falls in October, as market feels effect of high mortgage rates
The numbers: The S&P CoreLogic Case-Shiller 20-city house price index rise fell 0.5% in October, its fourth monthly decline. Year-over-year appreciation rose 8.6%, slowing from 10.4% in the previous month. Read more
N.Y. Fed president reiterates that interest rates are going as high as necessary
N.Y. Fed president reiterates that interest rates are going as high as necessary
Dow sheds about 140 points, stocks end lower after Fed raises rates and signals more to come
U.S. stocks ended lower in choppy trade after the Federal Reserve raised rates another 50 basis points at its final rate-setting meeting of 2022, a year in which the central Read more
U.S. inflation slows again, CPI shows, as Fed prepares to raise interest rates
The numbers: The cost of living rose a scant 0.1% in November, the latest in a string of mild readings that suggest the worst U.S. inflation in 40 years is Read more
Private Jet Charter Rates
“Time is gold”. This popular saying is applicable to all situations in our lives. It is of vital importance to spend time wisely and productively. Particularly, in business, if ample Read more
Housing starts drop 4.2% as high mortgage rates scare off home buyers
The numbers: Construction on new houses fell 4.2% in October as high mortgage rates scared off buyers and forced builders to scale back, a situation that’s likely to fester through 2023. Read more
‘Many prospective buyers are waiting for the volatility in mortgage rates to subside’: Mortgage rates hit 7.08%, Freddie Mac says
The numbers: The housing sector continues to face headwinds. The 30-year fixed-rate mortgage averaged 7.08% as of Nov. 10, according to data released by Freddie Mac FMCC, +0.03% on Thursday. Read more
As mortgage rates dip below 7%, ‘millennials should jump at a 6% mortgage like bears grabbing for honey’
Mortgage rates took a slight dip below 7% after a better-than-expected economic report showed inflation was easing. One financial pro says the dip is an opportunity prospective homebuyers shouldn’t miss Read more