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The average 30-year fixed mortgage rate hits 8.00% for the first time since 2000.
Taking into account mortgage rates, incomes, and house prices, October 2023 stands out as the least affordable month for U.S. housing this century.
Spread: 308 bps pic.twitter.com/2MH8BlaXJM
— Lance Lambert (@NewsLambert) October 18, 2023
Ladies and gentlemen:
Introducing the Nasdaq 100 Index…….. also known as the next shoe to drop. pic.twitter.com/bfdCRafrPs
— Otavio (Tavi) Costa (@TaviCosta) October 18, 2023
Fed governor Chris Waller blesses a November pause:
After that, if growth cools along the lines of the Sept SEP, then stay on hold
But if strong demand stalls recent progress on inflation, failing to respond "in a timely way” risks “unwinding the work that we have done to date" pic.twitter.com/EYJPsUWwZr
— Nick Timiraos (@NickTimiraos) October 18, 2023