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

The Tokyo Olympic Games officially opened under the haze of COVID-19. The game without spectators is about to begin.

The opening ceremony of the Tokyo Olympic Games kicked off on Friday night, officially opening the international event, which was postponed and plagued by scandals due to the COVID-19 epidemic. Spectators were banned because of the epidemic, and the opening ceremony to showcase Japanese culture was held in the empty National Stadium. There were only about 950 people in the audience, including US first Lady Jill Biden, French President Macron and the Emperor of Japan. There was a lot of trouble before the start of the Olympic Games, including the dismissal of a number of relevant responsible persons. The recent rapid rise in the number of COVID-19 cases in Tokyo has further dealt a blow to public sentiment. The number of new COVID-19 cases in Tokyo reached a six-month high on Thursday. Open

新浪財經Jul 23, 2021 21:25

Well-known analyst Munster: Tesla and Ford's new car inventory will continue to be tight due to chip shortages

Gene Munster (Gene Munster), a well-known technology analyst and co-founder of Loup Ventures, wrote in his latest research report that new car inventories of Tesla and Ford cars are likely to continue to decline due to the global shortage of chips and other components. Currently, American customers waiting to buy a new car are facing the problem of extended delivery cycles. Due to the shortage of chips, the delivery cycle is sometimes as long as 6 months. According to data from Loup Ventures, the average delivery time for Ford's F-150, currently the best-selling pickup in the US, is about 4 to 6 months, while Tesla's

新浪財經Jul 12, 2021 16:01

Bank of New York Mellon: the dollar will benefit from a more hawkish path to raise interest rates in the short term

Commenting on the latest Fed interest rate resolution, Bank of New York Mellon said Fed policy makers expect an increase in interest rates to push up real interest rates and boost momentum for the dollar, at least in the short term. This is a foreseeable short-term result of the bitmap showing a more hawkish path to raising interest rates and adjustments to managed interest rates. The Fed sharply raised its inflation expectations for this year on Wednesday and advanced the time frame for its next rate hike, but did not say when to start cutting back on its aggressive bond-buying program. (FOMC), Federal Open Market Committee of the United States, Thursday, June 17, Beijing time

新浪財經Jun 17, 2021 03:38

Bloomberg Economist: the Federal Reserve may scale back its bond purchases ahead of time

Commenting on the latest Fed interest rate resolution, Bloomberg economist Douglas Zehr said that as more Fed members hardened and hinted that the Fed might start raising interest rates next year, this increased the possibility of scaling back bond purchases ahead of time, perhaps before the end of the year. Zehr said that if bond purchases were scaled back ahead of time, the middle of the Treasury yield curve could perform poorly, which would be driven by yields on inflation-protected bonds, while inflation expectations remained modest, similar to the tapering phase in 2013.

新浪財經Jun 17, 2021 03:36