Existing home sales in the US fall for the seventh straight month in August and the Fed is about to cause ‘some pain’ with a 75 basis point rate hike – here’s how to prepare your wallet and your portfolio

Hi, MarketWatchers. Don’t miss these top stories. Brace yourself: the Fed is about to get ‘some hurt’ with a 75 basis point rate hike. Here’s how to prepare your wallet and your wallet. This marks the Federal Reserve’s third rate hike of 75 basis points this year. read more US existing home sales fall for … Read more

Mortgage rates hit 6.29%, says Freddie Mac and rents fell in August for the first time since November 2021

Hi, MarketWatchers. Don’t miss these top stories. Rents fell in August for the first time since November 2021, but tenants are still struggling. This is why. Rents fell from July to August and annual growth appears to be slowing down. read more How much should I tip my housekeeper? My husband says we should tip … Read more

‘Housing market may have to go through a correction’: Mortgage rates hit 6.29%, says Freddie Mac

The numbers: Mortgage rates in the US continue to rise, driving potential homeowners hundreds of dollars in costs. The rise in mortgage rates followed the Federal Reserve’s hike in interest rates to address the worst inflation the economy has faced in 40 years. The 30-year fixed-rate mortgage averaged 6.29% on Sept. 15, according to data … Read more

Mortgage rates hit 6.29%, says Freddie Mac and rents fell in August for the first time since November 2021

Hi, MarketWatchers. Don’t miss these top stories. Rents fell in August for the first time since November 2021, but tenants are still struggling. This is why. Rents fell from July to August and annual growth appears to be slowing down. read more How much should I tip my housekeeper? My husband says we should tip … Read more

US home sales and prices fell in August as mortgage rates rose

The US housing market slowed for the seventh straight month in August, the longest period of declining sales since 2007, as higher mortgage rates continued to undermine buyer demand. Home sales look set to decline further in the coming months, economists say, as mortgage rates recently climbed above 6% for the first time since 2008, … Read more

The number of millionaires worldwide will nearly double by 2026 and the US economy is losing billions of dollars a year due to the sharp decline in the number of refugees

Hi, MarketWatchers. Don’t miss these top stories. Mark Cuban says Gen Z is ‘biggest generation’ and calls baby boomers ‘disappointing’ “Boomers will go down in history as the most disappointing generation ever,” Cuban said. read more Which recession? The number of millionaires will almost double worldwide by 2026 And China will add more millionaires than … Read more

The number of millionaires worldwide will nearly double by 2026 and the US economy is losing billions of dollars a year due to the sharp decline in the number of refugees

Hi, MarketWatchers. Don’t miss these top stories. Mark Cuban says Gen Z is ‘biggest generation’ and calls baby boomers ‘disappointing’ “Boomers will go down in history as the most disappointing generation ever,” Cuban said. read more Which recession? The number of millionaires will almost double worldwide by 2026 And China will add more millionaires than … Read more

Weekend reads: This could spark the next financial crisis and these are the most – and least – vulnerable housing markets as the US heads into recession

Hi, MarketWatchers. Don’t miss these top stories. Weekend reads: This could trigger the next financial crisis Also a preview of the Federal Reserve’s next steps to fight inflation and a painful warning from FedEx. read more These are the most – and least – vulnerable housing markets as the US heads into recession Housing markets … Read more

Since the mortgage interest rate is above 6%, more borrowers are opting for adjustable-rate loans

Mortgage rates rose to more than 6% this week, pushing the already expensive homes further out of reach for many borrowers. Discouraged buyers may choose to wait and see, on the gamble that prices and rates will fall in the coming years as the market cools and inflation slows, as some economists predict. For those … Read more

Why RBA continues to raise interest rates despite falling house prices

House prices in Australia are falling and experts predict a significant crash on the horizon – but that hasn’t stopped the Reserve Bank from aggressively raising interest rates in the coming months. Earlier this month, international banking giant Goldman Sachs issued a terrifying forecast for the local real estate market, warning that as fears of … Read more