Tag Archives: jump

Mortgage rates jumped more than a quarter point this week and remain at the highest level in 14 years, offering no relief to sidelined homebuyers. The average rate on the 30-year fixed mortgage increased to 6.29% from 6.02% last week, according to Freddie Mac, marking the highest point since the last week of October 2008. Rates are more than 3 percentage points higher than at the start of the year. Rapidly rising rates this year have only made what was an unaffordable housing market for many… Source link

Mortgage rates jumped again this week, giving no relief to the price-weary homebuyers still in the market. The rate on the 30-year fixed mortgage increased to 5.66% from 5.55% the week prior, according to Freddie Mac, and is up more than a half-point from two weeks ago. While lower than the 5.81% registered in June, the rate remains over 2 percentage points higher than the start of the year. Higher borrowing costs have left cash-strapped homebuyers at a divide. Some folks have opted to put off… Source link

(Bloomberg) — Investors should stay wary of US stocks and bonds as inflation remains a threat and recession looms, according to Rebecca Patterson, chief investment strategist at Bridgewater Associates. Most Read from Bloomberg The stock market, which finished its best month since November 2020, has mistakenly given the benefit of the doubt to the Federal Reserve’s ability to engineer a soft landing, as officials try to cool inflation by raising rates without triggering a recession,… Source link

Mortgage rates are back up again following two weeks of declines that did little to boost homebuyer demand. The rate on the 30-year fixed mortgage jumped to 5.51% from 5.30% the week prior, according to Freddie Mac. While lower than the 5.81% registered in late June, the average rate is still more than 2 percentage points higher than the beginning of the year. Rates add to the challenging affordability conditions homebuyers are facing that include persistently high inflation and now newfound… Source link

(Bloomberg) — The housing slowdown is helping to solve the US real estate market’s most intractable problem: tight inventory. Most Read from Bloomberg With fewer buyers competing, the number of active US listings jumped 18.7% in June from a year earlier, the largest annual increase in data going back to 2017, Realtor.com said in a report Thursday. And new sellers entered the market at an even faster rate than before the pandemic housing rally began. The Federal Reserve is cooling off the… Source link

Al Michaels may be done in the “Sunday Night Football” booth, but he’s not leaving NBC just yet. Michaels has been given “emeritus status” and will “continue to broadcast and contribute across NBC Sports’ high-profile properties,” the network announced on Tuesday. Among other things, Michaels is expected to work NFL playoff games on NBC and help with Olympics coverage again in 2024. Michaels is set to take over calling “Thursday Night Football” broadcasts for Amazon Prime… Source link

To say the 2021 quarterback class underwhelmed would be an understatement. The hyped 2021 group posted the lowest combined completion percentage since the 2018 class and the fewest yards per attempt since 2016. Five rookies attempted at least 100 passes this past season — Trevor Lawrence, Zach Wilson, Justin Fields, Mac Jones and Davis Mills — and only Jones and Mills completed more than 60% of their passes. Jones was also the only passer to finished with more than 7 yards per attempt…. Source link

Stock futures opened lower Thursday evening to give back some gains from the regular trading day, as traders remained upbeat about the Federal Reserve’s measured first move on raising interest rates. Contracts on the S&P 500 edged lower. The index posted a third consecutive day of gains during Thursday’s session in its longest winning streak in more than a month. U.S. crude oil prices rose for the first time in four sessions to settle back above $100 per barrel, and the 10-year Treasury yield… Source link

Stock futures jumped Wednesday morning as traders awaited the Federal Reserve’s latest monetary policy decision and updated economic projections later in the day. More positive developments on the outlook for Russia-Ukraine talks also helped boost U.S. and global equities. Contracts on the S&P 500, Dow and Nasdaq were each higher by more than 1% in pre-market trading. These moves built on gains from Tuesday, when the S&P 500 closed higher by more than 2% to shake off some of the volatility… Source link

Home sales in the U.S. jumped in the first month of 2022, while the number of homes for sales hit a new record low. Existing home sales rose 6.7% to a seasonally adjusted 6.50 million million units in January from a month earlier, the highest rate in 12 months, according to the National Association of Realtors (NAR). The number of sales was down 2.3% from the same month a year ago. Home sales in December were revised down to 6.09 million from 6.18 million. The results far exceeded analysts’… Source link