Home prices rose at a nice clip in 2016 as buyers, encouraged by job growth and exceptionally low mortgage rates, competed for slim pickings. Prices increased 5.8% nationally, compared with 4% in 2015, according to Clear Capital, a provider of real estate data and analysis. But with home prices out of reach for many first-time ...
In the past week, mortgage rates have spiked tremendously, now averaging 4.02% for a 30-year fixed-rate, up from 3.77% before the election of Donald Trump.
According to David H. Stevens, president and CEO of the Mortgage Bankers Association, it’s the biggest week-over-week increase since the “taper tantrum” in June 2015. “Investor expectations of faster growth and ...
The overwhelming majority of business leaders at America’s biggest companies — Republicans included — are supporting Hillary Clinton for president. But we’d be remiss to overlook the CEOs fervently campaigning for Donald Trump.
Last month, 101 entrepreneurs and business leaders signed an open letter supporting Trump and his economic policy. Among the supporters is Tom Maoli, ...
Amid the “hands down” most contentious presidential election, Richard Handler, the CEO of investment bank Jefferies and its parent company Leucadia National (LUK), circulated a letter offering some personal perspective.
At the end of the day, the “American Way” is bigger than any one candidate.View post
Many Wall Street analysts point to the expensive market—especially amid uncertain times—as a key reason for downside ahead.
After all, the S&P 500 (^GSPC) price-earnings multiple is up 55% over the past five years, increasing from 10.5x to 16.2x currently. It’s not surprising that many investors would question the sustainability of this rise.View post
Mortgage rates are near all-time lows, and it might be hard to imagine them going even lower. And yet, some loan experts say, many banks aren't giving borrowers the lowest rates they deserve.