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Pending home sales rebounded sharply in October, despite rising mortgage rates

A single family home is shown for sale and in escrow in San Marcos, California.Mike Blake | ReutersBuyers came roaring back to the housing market in October, even as mortgage rates rose.Signed contracts on existing homes, so-called pending sales, jumped 7.5% from September,...

Dow climbs nearly 200 points but Nasdaq falls again as rising rates divide the market

The Nasdaq Composite fell for the second consecutive day as higher interest rates appeared to put pressure on high-flying tech stocks, but shares of banks and industrial names moved higher in a split market on Tuesday.The tech-heavy index fell 0.50% to 15,775.14, while...

Massive inflation to likely push Fed to hike rates 6 times: Federated

A long-time market bull is tempering his outlook due to inflation.Federated Hermes' Phil Orlando expects the Federal Reserve will lift interest rates six times over the next two years to tame massive price increases from vehicles to shelter to food."Our best guess is...

Fed ready to raise interest rates if inflation continues to run high, minutes show

Federal Reserve officials at their meeting earlier this month expressed concern about inflation and said they would be willing to raise interest rates if prices keep rising.The committee that sets interest rates for the Fed on Wednesday released the minutes from the November...

Homicide Rates in 2020 Surged to a 24-Year High. It’s Another Sign of a Failing Regime. – Silver Doctors

Government officials appear either unwilling or unable to deal with the realities of crime and social disorder. The public appears to… by Ryan McMaken of Mises Institute By mid 2020, it was already becoming clear that the United States was experiencing a spike in...

Mortgage refinance demand continues its free fall, as interest rates rise again

Rising mortgage interest rates continue to take their toll on demand, especially in the refinance market. Total mortgage application volume fell 2.8% last week compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index.The average contract interest rate for...