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Mortgage rates plunged by nearly a half-percent this week, marking the largest week-over-week decline since November 1981. The rate on the average 30-year fixed mortgage fell to 6.61% from 7.08% the week prior, according to Freddie Mac, which this week changed its methodology calculating rates. The drop follows a sharp decline in the yield on the 10-year Treasury last week after a government showed inflation cooled last month. The sudden decrease gave price-strained homebuyers and sellers… Source link

When it comes to litigation, it’s surprising the kinds of revelations that come out when someone is under oath. And that includes what’s next for Tesla’s (TSLA) leadership. During testimony yesterday at trial over Elon Musk’s 2018 pay package, Tesla board member James Murdoch testified that Elon Musk has identified someone as a potential successor for his role as CEO at Tesla. “He actually has,” Murdoch said when a plaintiff’s attorney asked him to confirm that Musk has never… Source link

Aimee Garcia and Freddie Prinze Jr. star in the Netflix holiday movie, Christmas With You. (Photo: Netflix) Freddie Prinze Jr. has been one of Hollywood’s most prominent Latino actors since his ’90s teen movie heyday. But over the course of his quarter-century career, the son of late comedian and sitcom star, Freddie Prinze, has rarely had the opportunity to represent his culture onscreen. “I’ve received nothing but love from Latino taxi drivers to business owners talking about being… Source link

House construction in the U.S. declined in October more than expected, while the number of permits for single-family homes tumbled, another sign of growing reluctance among home builders to increase inventory as many buyers are pushed out of the market. Residential starts — including both single- and multi-family units — decreased 4.2% last month to a 1.425 million annualized rate, according to government data released Thursday. Economists surveyed by Bloomberg had forecast a 2.0%… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Thursday, Nov. 17, 2022 Today’s newsletter is by Jared Blikre, a reporter focused on the markets on Yahoo Finance. Follow him on Twitter @SPYJared. Read this and more market news on the go with Yahoo Finance App. U.S. stocks fell on Wednesday, likely raising concerns that the bear market won’t come to an end anytime soon. But certain sectors have… Source link

Thursday brings an odd schedule in the NBA. There are only three games, and all of them will be on the West Coast. The Trail Blazers will take on the struggling Nets, who gave up a staggering 153 points in a loss to the Kings on Tuesday. Those same Kings will also be in action, taking on the Spurs in Sacramento. The final game of the evening will feature the Clippers hosting the Pistons. Both teams will be shorthanded with Cade Cunningham (lower leg) and Kawhi Leonard (knee) having already… Source link

It’s another busy night in the NHL with 13 games on tap. The Blues are the only tired team playing Thursday, as they host the Capitals after a 5-2 win over Chicago on Wednesday. Below, you’ll find suggested options for crafting an effective lineup. GOALIE Linus Ullmark, BOS vs. PHI ($42): Ullmark has been absolutely sensational this season, going 11-1-0 with a 1.96 GAA and a .936 save percentage. He has taken over the No. 1 job in net in Boston and is the early favorite for the Vezina Trophy…. Source link

If quarterbacks are the NFL’s main characters, then this season has been playing out like one long Ozymandias episode for a spoiled generation. Tom Brady and Aaron Rodgers — along with more moderately aged stars Russell Wilson and Matthew Stafford — have suddenly been humbled by the game they dominated for so long. After years of outrunning the odds, age and offseason tumult, this simultaneous hitting of the skids has felt disorienting. In trying to grasp the implications, it has been… Source link

VettaFi’s head of research Todd Rosenbluth got active on Yahoo Finance to discuss tech’s ongoing slide, leveraged and inverse ETFs, and the performance of active funds, particularly on the fixed income side of the ledger. “This year, which we’ve had a down year for the equity markets [and]growth investing… investors are willing to take that risk on,” @Vetta_Fi Head of Research @ToddRosenbluth says on ETFs. Full comments: pic.twitter.com/X1qP2Wslsa — Yahoo… Source link

Have you driven a Prius lately? In the past that wasn’t question usually met with a positive response. But the all-new, fifth-generation 2023 Toyota Prius hybrid may change, at least from the looks point of view. Gone is the boxy, wedge-shaped body with snout nose and staid hatchback design; now it’s sporty, with a longer front end, sedan-like low profile roof design, and something akin to a Tesla Model Y-like hatch. Toyota (TM) says the Prius will have three powertrains, two “mild”… Source link