US Mortgage Rates Highest Since Last Year’s Peak
According to a new report released Wednesday by the Mortgage Bankers Association (MBA), as newly arrived economic data last week sent “mixed signals,” mortgage rates hit the highest levels since…
Musk Warns, After Commercial Real Estate Tanks, US Home Prices Will Follow
Elon Musk has sounded the alarm over fears the US housing sector is heading for a meltdown. On Monday he tweeted, “Commercial real estate is melting down fast. Home values…
Morgan Stanley Says The Credit Crunch Has Begun
Morgan Stanley’s top stock strategist Mike Wilson says the collapse of Silicon Valley Bank and the subsequent banking crisis, have set off a credit crunch in the US. He cited…
