Hints and tips:
Related Special Reports
...Long-term mortgages: Rising mortgage rates have been a big contributor to the UK’s cost of living crisis. Can long-term mortgages, a norm in the US, help solve the country’s housing crunch?...
...If we are in a new rates regime, are we also in a new rate volatility regime? Bassman: Yes. The old rule of [the Move index] chart was that it ranged from 80 to 120, from 1985 to 2000....
...How certain could he have been that Incyte would rise on the Medivation deal news? Companies warn their employees about trading in their employer’s shares....
...At the end of 2023, about 70 per cent of mortgage holders had rates more than 3 percentage points below the market rate....
...From BofA: Mortgage rates have eased — now hovering just around 7% — and we expect the first Fed cut . . . in June....
...Fed governor Michelle Bowman will deliver opening remarks to the New York Fed regional and community banking conference....
...While new Fed proposals to increase bank capital (dubbed the “Basel endgame”) are being recalibrated, further adjustments to liquidity, capital rules and risk management practices are nonetheless likely....
...Profits may be hit by additional fees as part of the Federal Deposit Insurance Corporation’s plan to recover losses associated with rescuing Silicon Valley Bank and Signature Bank last year, most of which...
...Sales of new homes in the UK are picking up as mortgage rates stabilise and the housing market shows early signs of recovery, according to FTSE 250 developer Bellway....
...So new homebuyers are grappling with higher mortgage rates, high home prices and a lack of homes to buy....
...Shaw also expects a further improvement in consumer confidence helped by lower than expected inflation in January and the easing of mortgage rates....
...“The economy is performing well,” said Fed chair Jay Powell in the news conference after the FOMC announcement....
...New government incentives are drawing billions in investment to subsidised industries, from green tech to computer chips....
...Most Fed officials support reducing the central bank’s mortgage-backed securities holdings to zero, to avoid distorting the mortgage market....
...With decelerating inflation and the Fed officials’ “current expectations that they will lower the federal funds target rate next year, we likely will see a gradual thawing of the housing market in the new...
...They have also garnered the support of Republicans in the House, who called on the heads of the Federal Reserve, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency...
...The US president told a news conference later on Wednesday that he still believed the Fed would cut rates this year, but said the inflation data released earlier might delay the timing by a month or two...
...This would ease voters’ concerns that mortgages have become unaffordable ahead of November’s presidential vote....
...In that sense, then, the fact that the Fed sat on its hands on Wednesday is good news; indeed, for my taste it would do better to remain hawkish for longer....
...Financing the purchase of a new home or car is a much bigger burden now than it was five years ago....
...A group of Wall Street veterans is now setting its sights on a new target: failed banks....
...Mortgage rates for people coming off fixed deals are already falling, they added....
...But he added it could cut borrowing costs “even more as the further postponement of the first Fed rate cut might offset some easing of financing conditions in the euro area”....
...Markets liked the news — and the Fed’s relaxed mood. The S&P 500 and Nasdaq Composite closed at record highs on Wednesday. Government bond prices rose as yields fell....
...Not only do significantly higher rates inhibit construction; but they also make mortgages more expensive, thus forcing more people to rent instead of buy....
International Edition