interest rates

Interest Rates

‘Shark Tank’ Investor Kevin O’Leary Warns Of ‘Real Chaos’ In The Coming Months As High Interest Rates Batter The US Economy

September 18, 2023 RickMad Comments Off on ‘Shark Tank’ Investor Kevin O’Leary Warns Of ‘Real Chaos’ In The Coming Months As High Interest Rates Batter The US Economy

BusinessInsider.com: “Shark Tank” star Kevin O’Leary thinks high interest rates are about to spark a fresh bout of chaos in the US economy. The famed investor pointed to high interest rates as the result of […]

Housing Market

Expert Says ‘Some Kind Of Miracles’ Needed In ‘World Of Real Estate’ To Reverse Trends

September 5, 2023 RickMad Comments Off on Expert Says ‘Some Kind Of Miracles’ Needed In ‘World Of Real Estate’ To Reverse Trends

FoxBusiness.com: Freddie Mac reported rates for a 30-year fixed mortgage averaged 7.18% as of Thursday. The housing market continues to leave homebuyers struggling to find affordable options as mortgage rates surge and inventory remains scarce.  One industry […]

Housing Market

Mortgage Rates Finally Drop—But Is It Enough To Revive the Fall Housing Market?

September 4, 2023 RickMad Comments Off on Mortgage Rates Finally Drop—But Is It Enough To Revive the Fall Housing Market?

Realtor.com: After rising for an alarming five weeks straight, mortgage rates have at long last cooled a bit. For the week ending Aug. 31, rates for 30-year fixed-rate loans averaged 7.18%, according to Freddie Mac. […]

Federal Reserve

The Fed is Keeping Its Options Open For More Rate Hikes, Powell Says

August 25, 2023 RickMad Comments Off on The Fed is Keeping Its Options Open For More Rate Hikes, Powell Says

Investopedia.com: If you were looking to Federal Reserve Chair Jerome Powell for clues about whether the Fed will raise rates again at future meetings, his most recent speech probably left you in the dark. The […]

Credit and Debt

Americans Have A Frightening New Financial Problem – And It’s About To Get Worse

August 23, 2023 RickMad Comments Off on Americans Have A Frightening New Financial Problem – And It’s About To Get Worse

The Street.com: Many Americans could deplete their savings this fall, a study says. U.S. households are blowing through their pandemic-era savings, with many consumers’ accounts going bust in the third quarter of 2023, the Federal Reserve […]

Housing Market

Existing Home Sales Continue To Slide Amid supply Shortage, Steep Mortgage Rates

August 22, 2023 RickMad Comments Off on Existing Home Sales Continue To Slide Amid supply Shortage, Steep Mortgage Rates

FoxBusiness.com: Existing home sales slump in July as supply shortage, high mortgage rates limit buyers’ options. U.S. existing home sales continued to slide in July as a combination of steep mortgage rates and a worsening supply shortage […]

Housing Market

Homebuilder Sentiment Drops Sharply, As Mortgage Rates Surge Over 7%

August 15, 2023 RickMad Comments Off on Homebuilder Sentiment Drops Sharply, As Mortgage Rates Surge Over 7%

CNBC.com: Rising mortgage rates are hitting potential homebuyers hard, and that is taking steam out of the homebuilding market. Builder sentiment in the market for newly built homes dropped 6 points to 50 in August, […]

Housing Market

Former ‘Million Dollar Listing Miami’ Star Reveals The ‘Game Changer’ In Real Estate Heading Into 2023

December 27, 2022 RickMad Comments Off on Former ‘Million Dollar Listing Miami’ Star Reveals The ‘Game Changer’ In Real Estate Heading Into 2023

FoxBusiness.com: Real estate expert Sam DeBianchi weighs in amid ‘tricky’ market to close out 2022, gives predictions for 2023 Real estate has proved to be a “tricky” market to navigate, but one industry expert argues […]

Economy

Fed Holds Rates Near Zero, But Lifts Growth Outlook as US Economic Recovery Strengthens

March 17, 2021 RickMad Comments Off on Fed Holds Rates Near Zero, But Lifts Growth Outlook as US Economic Recovery Strengthens

FoxBusiness: Economic outlook has changed drastically since policymakers met at the end of January. The Federal Reserve said Wednesday that it would continue holding interest rates near zero and reaffirmed its commitment to other easing policies despite […]