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Data shows the average rate on a 30-year fixed mortgage just soared to 6.87%, up from 3.3% at the start of the year and the highest since 2001. This spells trouble for the real estate market.
We’ve got a parade of Fed officials and central bankers speaking this week, plus tons of economic data, including home sales data and the second revision of the GDP.
For the first time since 2008, 30-year mortgage rates are above 6%.
With everything that happened after the FOMC meeting and the data that’s emerged, it’s clear we’re already in a recession. What we need to understand is how bad it’ll be.
Financial News Anchor Jessica Borg interviews Senior Analyst Sean Brodrick about the surging price of copper, long-term global demand and investments across 2 soaring industries.
King Charles III won’t pay taxes on his $28 billion inheritance. Meanwhile you could pay up to 40% depending on where you live.
The market’s likely headed lower. Insulate yourself from the bumps on the way down with stocks that have a nice cushion of dividends.
A recession could create an environment where essential goods providers succeed.
Even if annual inflation falls from its recent 8.5% rate, it’ll still be higher than the Fed wants, probably for some time to come. Look to this industry for a cushion against the ‘force-Fed’ recessio
Surging inflation knocked markets to the mat this week. What does that mean for stocks headed into year-end?