Today: 5. Nov, 2024
Mortgage Demand: A Tepid Response to Falling Rates Mortgage rates dropped last week for the fourth consecutive time, reaching their lowest level since April 2023. Despite this trend, neither homeowners nor prospective homebuyers rushed to take advantage of the situation. According to…
The S&P 500 index continues its upward trajectory in 2024, boasting a significant 16.8% gain so far this year and firmly establishing itself in bull market territory. This surge is underpinned by favorable economic indicators such as declining inflation rates, potential interest…
Today, Wall Street opened on a cautious note as investors awaited crucial employment data that could shed light on the state of the U.S. job market. The S&P 500 began the day down 0.3%, reflecting early market jitters. Similarly, the Dow Jones…
The stock market in the United States showed signs of retreat from recent highs on Thursday, reflecting a mixed bag of economic reports and sectoral performances. The S&P 500 dipped by 0.4% in afternoon trading after reaching its 31st all-time high of…
As mortgage rates experienced a modest decline last week, a noticeable uptick in refinancing interest emerged, particularly following a sustained period of rate increases. This trend underscores a complex landscape in the housing finance sector, where rate fluctuations continue to dictate market…
In a startling prediction that has sent ripples through the financial world, Jon Wolfenbarger, a seasoned market strategist with 30 years of experience, is sounding the alarm bells. He warns of a looming yearlong recession and the onset of a bear market,…
In a recent shift, the demand for mortgages has decreased after weeks of steady increase, highlighting buyers’ challenges in an increasingly competitive housing market. The Mortgage Bankers Association’s seasonally adjusted index reveals a 7.2% decline in total mortgage application volume compared to…
Wall Street experienced a significant rebound on Thursday, showcasing its resilience in economic uncertainty. This surge followed a considerable setback on Wednesday, marking the first substantial pullback since the rally in late October. The S&P 500 witnessed a 0.7% rise in midday…
As the United States braces for its presidential election in under a year, investors and financial experts speculate on the potential impact on stocks. With a historical trend of stock market gains during the fourth year of presidential terms, the S&P 500…
In a startling turnaround, the landscape of the housing market has shifted, with mortgage rates experiencing the sharpest decline seen in over a year. This drop has invigorated the mortgage sector, marking an upturn in demand that has been stagnant for weeks.…
