rates

Housing expert: 'We can expect mortgage rates to come down'

Housing expert: ‘We can expect mortgage rates to come down’

Homebuyers may finally be taking a breather this year, an expert says, as signs of lower inflation could push mortgage rates down as early as this month. “Mortgage rates are down nearly a full percentage point since peaking in November,” Melissa Cohn, vice president of William Raveis, a real estate brokerage firm, told Yahoo Finance …

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Investors are “desperate” for a recession that forces the Fed to cut interest rates, but what will happen to markets if the economy remains healthy?

Investors are “desperate” for a recession that forces the Fed to cut interest rates, but what will happen to markets if the economy remains healthy?

As 2023 kicks off, markets are clinging to expectations that the U.S. economy will slide into a recession that effectively forces the Federal Reserve to start cutting interest rates, slashing bond yields and borrowing costs, and perhaps help stock market valuations. U.S. economic data released over the past few months shows that inflation has moderated, …

Investors are “desperate” for a recession that forces the Fed to cut interest rates, but what will happen to markets if the economy remains healthy? Read More »

Image source: J. Wilson, Wccftech.

AMD Radeon RX 7900 XTX Failure Rates Reportedly 11%, RMAs Piling Up But Users Not Getting Cards

Last Friday, Scott Herkelman, Senior Vice President of AMD and General Manager of Radeon Graphics at AMD, sat down with PCWorld Editor-in-Chief Gordon Mah Ung to discuss current cooler malfunctions in AMD RX graphics cards. 7900 XTX during CES 2023. During the discussion, AMD Senior said that issues with new graphics cards are in a …

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Fed officials predict higher rates for 'some time' to come

Fed officials predict higher rates for ‘some time’ to come

WASHINGTON — Federal Reserve officials are determined to fight inflation and expect higher interest rates to stay in place until more progress is made, released minutes show. Wednesday of the central bank’s December meeting. At a meeting where policymakers raised their policy interest rate another half a percentage point, they expressed the importance of keeping …

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Minneapolis Fed's Kashkari explains why it missed inflation, calls for higher rates

Minneapolis Fed’s Kashkari explains why it missed inflation, calls for higher rates

Minneapolis Federal Reserve Chairman Neel Kashkari said Wednesday he was wrong to think inflation would prove “transient” last year, and said more rate hikes would be appropriate this year to continue to reduce price pressures. “While I think it’s too early to definitively declare that inflation has peaked, we are seeing growing evidence that it …

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Rates, growth and China: what will cause economic headwinds in 2023

A A safe prediction to make for 2023 – or any year – is that many predictions will be wrong, especially in the world of economics and financial markets. As Nobel Prize-winning economist Daniel Kahneman notes in his book, Thinking, Fast and Slow, “[everything] makes sense in hindsight… The illusion that what we understand of …

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'A welcome development': As mortgage rates drop for a fifth week, experts say the market has tipped 'a bit more in favor of buyers' despite lingering 'affordability hurdles'

‘A welcome development’: As mortgage rates drop for a fifth week, experts say the market has tipped ‘a bit more in favor of buyers’ despite lingering ‘affordability hurdles’

‘A welcome development’: As mortgage rates drop for a fifth week, experts say the market has tipped ‘a bit more in favor of buyers’ despite lingering ‘affordability hurdles’ Mortgage rates continued to fall for the fifth straight week after the Fed announced its seventh rate hike of the year. Sam Khater, Freddie Mac’s chief economist, …

‘A welcome development’: As mortgage rates drop for a fifth week, experts say the market has tipped ‘a bit more in favor of buyers’ despite lingering ‘affordability hurdles’ Read More »

ECB hikes rates, forecasts significant hikes ahead as it announces plan to shrink its balance sheet

ECB hikes rates, forecasts significant hikes ahead as it announces plan to shrink its balance sheet

European Central Bank President Christine Lagarde attends a hearing of the European Parliament’s Economic and Monetary Affairs Committee on November 28, 2022 in Brussels, Belgium. Thierry Monasse | Getty Images News | Getty Images The European Central Bank opted for a lower rate hike at its meeting on Thursday, raising its key rate from 1.5% …

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The Federal Reserve is raising interest rates - again.  Here's what that means for your wallet.

The Federal Reserve is raising interest rates – again. Here’s what that means for your wallet.

With inflation still high, albeit declining, the Federal Reserve is once again turning to its most effective weapon in its fight against soaring prices: another rate hike. The central bank on Wednesday raised its key rate by 0.5 percentage points, marking its seventh consecutive rise this year. There are signs that its highest inflation campaign …

The Federal Reserve is raising interest rates – again. Here’s what that means for your wallet. Read More »