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Real Estate

“Mortgage rates hit an all-time low…”

“Mortgage rates fell to an all-time low this week, a boon for home buyers and owners alike who can lock in the rate. The rate for the 30-year fixed mortgage dropped to 3.15%, according to Freddie Mac, an agency that… Continue Reading…

Economy

“Record 103,415,000 Not in Labor Force; Participation Rate Sinks to 47-Year Low”

“The nation’s labor force participation rate reached a 47-year low of 60.2 percent in April, according to the Bureau of Labor Statistics, as the number of people not in the labor force jumped by 6,570,000 to a record 103,415,000. The participation rate… Continue Reading…

Economy

“U.S. Mortgage Rates Tumble to a Record Low”

“The average rate for a 30-year loan was 3.23%, down from 3.33% last week and the lowest in almost 50 years of data-keeping, Freddie Mac said in a statement Thursday. The previous record was 3.29%, reached in early March. The… Continue Reading…

Stocks

Stocks: Oil plummets

“Stock fell Monday, tracking declines in oil prices as concerns over weak energy demand in an oversupplied market built up even further. The May contract for U.S. West Texas intermediate crude oil (CL=F), which expires on Tuesday, dropped 40.78% to… Continue Reading…

Banking, Economy, Real Estate

Mortgage Rates At All Time Low

“According to Freddie Mac, mortgage rates hit a record 3.29% in the week, the lowest level in its nearly 50-year history. While rates were on the slide, mortgage applications jumped by 10% in the last week from 1-year ago, with… Continue Reading…

Banking, Economy

“Treasury Yields Hurtle Toward Zero With Bets on Fed Cuts Growing”

“Treasury yields plummeted to record lows Friday as concern about the global economic and financial impact of the coronavirus spurred demand for havens and traders amped up bets on further central bank easing this month. U.S. securities rallied, led by… Continue Reading…

Stocks

“Chesapeake Energy’s ‘very low’ stock price prompts reverse split plans”

“Shares of Chesapeake Energy Corp. tumbled to another record low Wednesday, after the oil and natural gas production company said it was planning for a reverse stock split and that the commodities pricing environment has “further deteriorated” in recent weeks…… Continue Reading…

Banking, Economy

“10-year Treasury yield falls to three-year low… 30-year rate hits record low”

“The 10-year Treasury yield hit its lowest level since July 2016. The 30-year Treasury yield hit a record low. The move into bonds came as stocks plunged with the Dow down more than 1,000 points. The yield on the benchmark 10-year… Continue Reading…

Banking

“30-year Treasury bond yield breaks to all-time low…”

“The 10-year Treasury note yield TMUBMUSD10Y, -3.79% was down 3 basis points to 1.495%, the lowest since last September, while the 2-year note rate TMUBMUSD02Y, -3.24%   edged 1.4 basis points lower to 1.381%. The 30-year bond yield TMUBMUSD30Y, -3.26%   slipped 4.2 basis points to 1.930%, falling below… Continue Reading…

Economy

“The U.S. Treasury Just Sold 30-Year Bonds at a Record-Low Yield. Demand ‘Was Amazing.’”

“The U.S. Treasury sold $19 billion of long-term bonds with a record-low yield of 2.061% on Thursday. Not only that, but investor demand was the highest for any sale of a new bond since August 2014, according to Tom Simons… Continue Reading…