doldrums

Riders On The Storm! Buying Conditions For Housing Rises To 39, But Remains In The Doldrums (Home Prices UP 35.4% Under Biden, Mortgage Rates UP 148%)

by confoundedinterest17 We are all riders on the Biden housing storm. Existing-home sales have finally started to improve on a seasonally adjusted basis after a three-year decline. Cause? Raging home prices combined with higher than normal mortgage rates. Home prices are up 35.4% under Biden while conforming 30Y mortgage rates are up 148%.  

Stocks Soar for Economy in Doldrums

BY DAVID HAGGITH And Fed feints toward a September rate cut because the economy is slowing. Photo by Annie Spratt on Unsplash Traders are now betting 100% odds that Powell & Co. will lower interest rates in September, and Powell’s dovish tones, as talked about in my last editorial, certainly sound like he is preparing to move that …

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