Interest rates on US mortgages soared and broke through 3% for the first time since June

Interest rates on US mortgages topped 3% for the first time in three months. Freddie Mac issued a statement on Thursday saying that the average interest rate for 30-year loans was 3.01%, up from 2.88% last week, and reached the highest level since June 24. Borrowing costs are at historically low levels. Coupled with the demand for larger houses during the COVID-19 pandemic and insufficient supply of housing, have contributed to rising housing prices. Freddie Mac chief economist Sam Khater said that if interest rates continue to rise, it may help mitigate the rise in housing prices. “We expect mortgage interest rates to continue to rise moderately, which is likely to have an impact on housing prices, causing house prices to rise last year

新浪美股Sep 30, 2021 22:15

What do you think of the rise in US bond yields? Analyst: value stocks are expected to regain market favor

Us value stocks are likely to reinvigorate as strong bets on the economy boost Treasury yields and boost cyclical-sensitive stocks. These stocks have stagnated in recent months after a strong rebound earlier this year. The s & p 500 index of value stocks is up 5.5% from last month's low, more than 1 percentage point higher than the tech-heavy index. The index has accelerated over the past week, and despite stagnating after a strong start to 2021, the value index is up 18 per cent this year. The move could herald a recovery in so-called reflation trading. Reflation trades bet against economic growth

新浪財經Aug 15, 2021 22:30

Fed Mester: it is important to understand whether inflation dynamics have changed

"both Europe and the United States have recently released new monetary policy frameworks, in part because of changes in inflation dynamics over the past 20 years," Cleveland Fed President Loretta Mester said. "it's important to really understand whether inflation is happening again after the pandemic," Mester said in a brief opening speech for a virtual event hosted by the Cleveland Fed. "as parts of the economy reopen, we are experiencing supply disruptions, pushing up prices and reigniting inflation concerns. The real question is whether this price rise will lead to a sustained rise in inflation.

新浪財經Aug 10, 2021 22:40