The average long-term U.S. mortgage rate climbed this week to its highest level in more than 20 years, grim news for would-be homebuyers already challenged by a housing market that remains competitive due to a dearth of homes for sale.Video above: Rossen Reports: Do you qualify for new 40-year mortgage?Mortgage buyer Freddie Mac said Thursday … Read more
After an epic first day of trading on the Nasdaq, VinFast (ticker: VFS) closed at $37.06, up 255%, giving the EV start-up a market capitalization of roughly $86 billion. That’s more than the market cap of Ford Motor (F), General Motors (GM), Volkswagen (VOW3.Germany), and BMW (BMW.Germany). It’s even more than Hyundai Motor (005830.Korea) and … Read more
Country Garden Holdings Co., once China’s biggest real estate developer, is edging toward a default. The distressed builder suspended trading in nearly a dozen onshore bonds Monday, paving the way for debt negotiations and a possible restructuring. Investment bank CICC International Capital Corp. has been engaged to explore optionsBloomberg Terminal for the company, including extending … Read more
What’s the true value of an apartment or office space in Hong Kong? No one really knows. Property sales, especially in the pre-owned segment, have slowed to a trickle. Li Ka-shing, nicknamed “Superman” for his rags-to-riches story, is the last one who has to worry about a possible property crash among the city’s tycoons. The … Read more
Latest mortgage news: Rates top 7% as Fed resumes inflation fight Brunswick News Source link
Talk of Japan’s yield curve control rattles markets. Trump faces fresh charges in secret documents probe. What Tesla owners really think of Elon Musk. Here’s what you need to know today. The yen climbed against all major peers after a report that the Bank of Japan plans to discuss tweaking its yield curve control policy … Read more
The big knock on the 2023 stock rally is that it rests on half-a-dozen companies thriving on hype. That criticism just took a hit. Beneath another rousing advance this week were signs of an increasingly equitable division of rewards, including the best week for small-caps since March and a trouncing of the S&P 500 by … Read more