Economic News

[ChileG]

US Mortgage Rates March Higher to Seven-Month High of 6.57%

(Bloomberg) -- US mortgage rates climbed for a fourth straight week, rising to the highest since August and denting refinancing and home purchase activity. The contract rate on a 30-year mortgage increased 14 basis points to 6.57% in the week ended March 27, according to Mortgage Bankers...

finance.yahoo.com

It was not a secret on November 5, 2024 that electing Trump would result in higher mortgage rates for the foreseeable future.

 

[heelinhell]

Looks like Trump's "speech" went over like a lead balloon...

oil approaching $108/barrel and today's market may be a rough one

futures :
Dow down 655
S&P down 103
NASDAQ down 485

Today is a good day to make a TACO trade...buy and hold until Monday and when Trump gooses the market with some catnip lie , then sell baby sell and that is the TACO trade .Get on board with Trump and his buddies and just follow what they have been doing, and then you can become a billionaire.

 

[heelinhell]

According to Freddie Mac, the 30-year fixed mortgage rate rose eight basis points to 6.46% for the week ending Wednesday, the highest rate since Sept. 4.

WINNING !

 

[1moretimeagain]

Amazing that the S&P 500 was green today despite oil surging more than 10% to over $110.

 

[Delta74]

Amazing that the S&P 500 was green today despite oil surging more than 10% to over $110.

With the buy the dip mentality of today’s investors, only one thing (besides stupid wars or the like) will bring the stock market down and that’s a serious recession. Which is very possible but won’t happen overnight.

 

[Duke Mu]

With the buy the dip mentality of today’s investors, only one thing (besides stupid wars or the like) will bring the stock market down and that’s a serious recession. Which is very possible but won’t happen overnight.

Market manipulation. Watch the shorts collect soon.

 

[Duke Mu]

Fox Business leaks a couple of truth bombs.

 

[nycfan]

 

[nycfan]

 

[nycfan]

 

[altmin]

Fox Business leaks a couple of truth bombs.

 

[nycfan]

 

[nycfan]

 

[pspsps]

This is behind a paywall but the first few lines mention that 31k is attributable to nurses that returned from a strike. Do you know the other reasons the article claims the job number are false hope?

 

[nycfan]

 

[nrsair]

My mom (big MAGA lady) loved to talk about the number of people who stopped looking for work during the Obama and Biden years. Might have to bring this up at Easter dinner this year

 

[nycfan]

This is behind a paywall but the first few lines mention that 31k is attributable to nurses that returned from a strike. Do you know the other reasons the article claims the job number are false hope?

More that it’s a mixed bag

 

[nycfan]

 

[nycfan]

 

[UNCMSinLS]

Incoming revisions downward coming next month.