Illustration: Chris Harnan Industry pros offer their best ideas on where to deploy cash in commercial and residential property. April 30, 2024, 8:00 AM UTC Sign up to get an email each time a new edition of our Where to Invest series publishes – look for it about once a month. This was supposed to
People looking to buy or sell a home this spring are paying close attention to mortgage rates. The average 30-year, fixed-rate mortgage rose to 7.17% for the week ended April 25, according to Freddie Mac data via the Federal Reserve. The rate was 7.10% the prior week. Buyers and sellers may not see any relief
TOKYO (AP) — Asian shares were trading higher Monday amid optimism over the rally that ended the week on Wall Street, although eyes were on the Federal Reserve policy meeting set for later this week. Sydney’s S&P/ASX 200 added 0.6% in early trading to 7,621.40. South Korea’s Kospi surged nearly 1.0% to 2,681.73. Hong Kong’s
MARCH 18, 2010. NEWPORT BEACH, CA. The bond trading room at PIMCO, is a global investment management … [+] firm in Newport Beach, CA. (Photo by Don Bartletti/Los Angeles Times via Getty Images) Los Angeles Times via Getty Images We seem to be living in a world of two realities when it comes to forecasting
Yuri A // Shutterstock If you’re like most borrowers, your monthly loan and credit card payments have increased, even from a few months ago, according to Experian data. As of February 2024, the average amount consumers needed to repay all of their monthly debt obligations climbed to $1,225. For each major type of loan—credit cards,
After an unexpected jump in February, existing home sales in the US fell back to disappointing levels in March, according to the National Association of Realtors.https://t.co/N0mGDscBry#mortgageindustry #homesales #housingmarket #economy — Mortgage Professional America Magazine (@MPAMagazineUS) April 19, 2024 Plenty of work is also often needed to get creditworthiness to the required level to
Stocks rebounded from their recent slump on Monday, but some bearish Wall Street strategists still see concerns that aren’t going away anytime soon for investors. With expectations that the Federal Reserve will cut interest rates fading, signs of inflation remaining sticky, and stocks still trading at higher-than-average valuations, many believe the market is in a
Housing is all out of whack. Real estate is cyclical, and typically when mortgage rates shoot up, sales decline, and home prices fall; and eventually because home prices tumble, sales return. But none of that has happened. Home prices rose substantially during the pandemic housing boom as historically low mortgage rates and remote work fueled
Markets in Asia apart from Shanghai’s were broadly higher Monday, shrugging off the blues on Wall Street after big technology stocks logged their worst week since the COVID crash in 2020. Oil prices fell while U.S. futures advanced. Hong Kong’s Hang Seng led the region, gaining 1.8% to 16,516.63. But the Shanghai Composite index shed
“There’s no need to be concerned,” he said. “It’s a question of how you can play to your strengths going forward. And therefore I wouldn’t even make that comparison whether it is still the number one capital for luxury goods or whether it’s the number one capital for this or that. It’s overall a pretty