Mortgage rates have soared to their highest in over a month. The 30-year fixed rate leaped 22 basis points on Monday and an additional 3 basis points on Tuesday, reaching 6.85%. This sharp increase reversed the decline seen the previous week when rates had dropped to their lowest since last October. The fluctuations in mortgage rates closely mirror movements in the bond market, which has been volatile recently. Last week’s rate drop was influenced by global tariff announcements that drove investors towards the safety of bonds, causing bond yields to fall. However, this week’s rise in rates came as officials discussed tariff negotiations, calming some market fears. Despite a significant rate drop earlier this year from 7.26% in January to 6.74% in February, pending home sales only increased by 2% from January to February and were 3.6% lower than in February 2024. The spring housing market remains sluggish due to high home prices and economic concerns among buyers.
PetroGirl
@PetroGirl1
·
Apr 8 SURGE Is Incredibly Inexpensive In Fact Just Their NEW HOPE VALLEY OIL FIELD IS WORTH $5 Per Share (Peters Co Says) $SGY Bought Back 1,419,300 Shares Since Dec. 1.5% $SGY.to #oott #oilandgas
Dazzy.inj
@DazzyPRMR
·
Apr 8 Bear market? No problem
You can still maximize your DeFi yield with Surge on
@SOFAorgDAO
!
Surge gives you access to advanced, on-chain investment strategies using structured products, which are designed to outperform traditional staking and farming, even in tough market
EthanOkura
@EthanOkura
·
Apr 4 A basis point is .01%, so .5% = $50 billion/year; $500 billion over 10 years. Your original calculation was correct.
Valorant
@Thehounds007
·
2h BREAKING: Mortgage rates poised to surge as 10-year bond yields soar by 60 basis points.
Larrell Stennett
@lrrllstnntt
·
Apr 7 Over the past three months, the 10-year yield has fallen by more than 1,500 basis points—a deliberate move. The stock market is being used as a short-term pawn to force the Federal Reserve into cutting interest rates swiftly. This, in turn, will trigger a surge in global
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