Today: 21. Nov, 2024
The mortgage market landscape exhibits a complex interplay of declining interest rates and waning mortgage demand. According to the Mortgage Bankers Association’s (MBA) seasonally adjusted index, there has been a notable decrease in mortgage applications despite a drop in rates. This trend…
In a recent address at the 2023 New York Times DealBook Summit, JPMorgan Chase CEO Jamie Dimon presented a sombre outlook for the global economy. His speech highlighted concerns about escalating inflation and the looming possibility of a recession. Dimon’s insights carry…
As the leaves turn and the air chills, November arrives with a reputation as the harbinger of good tidings for stock market investors. Historically celebrated as the strongest month for stocks, this November is shaping to continue that legacy. “November is typically…
Despite the stock market’s upward trend this year, the attractiveness of equities compared to more secure investments has diminished significantly, as per certain metrics. While the S&P 500 index has witnessed a 16% uptick this year, driven primarily by the tech sector’s…
Wall Street witnessed a tentative drift, with stocks showing a mixed response, following a decline the previous day amidst a turbulent August. By midday, the S&P 500 was slightly down by 0.1%, extending its 1.2% drop from the prior day. The Dow…
Amid ongoing concerns about lasting inflation and an economy showing signs of slowing, analysts predict that the Bank of England might increase interest rates to 5.25% this week, marking a 14th consecutive rise in borrowing costs. The looming increase, which might add…
The latest actions from prominent lenders such as Nationwide, HSBC, and TSB, who have slashed their fixed mortgage rates, indicate that the peak of home loan costs might be near after escalating to almost 7%. This move is in response to data…
The U.S. economy displayed an unexpected growth spurt from April to June, achieving a 2.4% annual growth rate. This resilience was exhibited even amidst steadily rising interest rates due to the Federal Reserve’s ongoing 16-month efforts to curb inflation. On Thursday, the…
Yale University’s Economics Professor Robert Shiller has predicted the end of the U.S. home price rally that has been ongoing for a decade, contingent on the Federal Reserve ceasing its cycle of rate hikes. According to the S&P CoreLogic Case-Shiller U.S. National…
