Stock Market Today: Blue-Chip Indices Close Out the Week on Top
The Dow and other major indices managed to scratch out new all-time highs with modest gains in a quiet Friday session.
The Dow and other major indices managed to scratch out new all-time highs with modest gains in a quiet Friday session.
Recovery prospects, renewed focus on stimulus, inflation concerns, a brighter covid outlook, etc… All of these are reasons for an ongoing, gradual trend toward higher rates in 2021 (i.e. general bond market weakness) but none of them really explain why the bond market had its worst day in months today specifically. Still, pundits are pointing to the laundry list of usual suspects to explain the move. In their defense, that’s all anyone can really do on a day like today. At a certain point market momentum becomes its own justification and bond prices snowball to lower and lower levels. When bond prices fall, rates rise–a fact which is abundantly clear in comparing today’s rates to those seen late last week. The average lender is quoting conventional 30yr fixed rates that are roughly 1/8th
The shift to remote work for many people has been a game changer for real estate markets across the country, even in the traditionally slow winter season.
The post Most Affordable (and Warm) Places to WFH This Winter appeared first on Real Estate News & Insights | realtor.com®.
A short squeeze is a quick path to getting a lot of juice out of a stock. We explain the phenomenon, and the short selling that fuels it.
If you invest in the stock or bond markets, enjoy your Monday off. The markets will be closed in honor of George Washington’s birthday.
Today’s mortgage and refinance rates Average mortgage rates edged higher yesterday. There have been a lot of small, daily ups and downs recently. But they’ve generally canceled each other out. […]