With so many people locked into a very favorable mortgage rate, it may not make financial sense for them to sell. My first house loan had a rate of 6%. Nine out of ten American mortgages carry an interest rate of less than 5%, the official level at which most… Read More »Mortgages and Mortgage Rates
Looking forward to tomorrow’s WATT (Women at the Top) meeting as I always learn so much from these amazing ladies. Thank you to our members who generously share their knowledge and sometimes even provide surprise gifts. A special shout out to Shannon Fox (Kiss me Kate) for the lovely purse and Kay… Read More »Thank You
We may need more than the fed to reign in Inflation. Corporate credit is defying the Fed’s push for tighter money, Axios’ Neil Irwin writes. Recently, corporate bond yields have fallen relative to Treasuries, meaning businesses lending conditions are still highly stimulative. It is one of many signs that markets… Read More »Corporate Bond Rate
They just never want to retire! For business owners, it can be difficult and certainly understandable — losing the prestige of owning a business, control over their own destiny, caring for and respect from their employees. But by delaying the inevitable, there are too many stories of lost opportunity, lost… Read More »Tip #041 Football Players and Business Owners have in common?”
According to BLS (https://www.bls.gov/charts/consumer-price-index/consumer-price-index-by-category.htm?utm_source=newsletter&utm_medium=email&utm_campaign=newsletter_axioscloser&stream=top) data alot of items are above the 8.5% inflation rate. Some hopefully are transitory, like used cars and truck, gasoline, others may not be.
As auto manufactures are cranking up their factories, previously owned vehicles are beginning to drop. Not to mention Tesla have started production at the Austin facility. High used car prices are a post-COVID fact of life — but a key data point offers some hope, Matt writes. Why it matters:… Read More »Previously Owned Vehicle Prices Are Settling Down
By the looks of it people expect inflation to settle down in a couple of years. U.S. consumers’ inflation expectations over the next year hit a new high last month, rising to 6.6% in March, Axios’ Pete Gannon writes. By the numbers: The median expectation for inflation three years from… Read More »Inflation Projections
Economist Steven Chiavarone states that a whopping 40% of the world’s palladium comes from western Russia, near its border with Ukraine. No palladium, no catalytic converters. No catalytic converters, no cars. Additionally, Russia is a top producer of nickel…a key ingredient in steel and electric car batteries. Experts can’t predict… Read More »Palladium: Russia, Ukraine, and You?
With mortgage rates inching up and turmoil in the markets the Corporate Debt rates are heading higher. Rapidly rising rates aren’t just affecting regular folks who want a mortgage — they’re rippling through the corporate debt market too, Axios’ Kate Marino writes. Why it matters: The speed and volatility at… Read More »Corporate Debt Market
Home sales are declining and this could be bad indicator for the busy spring season as we are facing economic uncertainty and rising interest rates Homebuying trends are reversing course amid higher mortgage rates and continued growth in home prices, Hope reports. Catch up quick: Pending home sales last month… Read More »Home Sales Are Declining