Oil and bond traders clearly believe a legit Iran peace deal is in the works (despite skepticism from almost everyone else), as both oil prices and interest rates have fallen.
I looked back at historical data to see how much stock market crashes bring down rates, and the results were both fascinating and encouraging (if you’re in the mortgage industry).
Today’s average mortgage rate hovers around the 6.75% mark - a full 3/4% higher than the 5.99% we saw prior to the Iran War. The mortgage industry, which had ramped up for what they thought...
The New Federal Reserve Chair: Kevin Warsh It is a well known fact that Mr. Trump desperately wants to see lower interest rates. As a former real estate guy, he […]
We are going to see a 1987-style stock market crash (only worse) for sure, and it is only a matter of when. I have blogged about this many times, but investing guru Mike Green was just on this...
I. In February, I Comically Predicted Rates Would Drop as Low as 5.5% This Year. I Missed Two Major Events That Are Very Likely to Keep Rates Elevated for Some Time. The Obvious: The Iran War. It...
If the spread between the average mortgage rate and the 10-Year Treasury Yield was at 2023 levels, today’s average rate would be 1% higher! (The average rate would be close to 7.4%!).
Europe and Asia are facing the worst energy crisis ever because of the Iran war. 50 countries have now imposed strict austerity measures as a result.
Interest rates shot higher yesterday after the Fed signaled there would be no further interest rate cuts this year. And because 99% of Americans mistakenly believe the Fed is all-powerful when it...
I predicted mid to low 5% mortgage rates later this year several times in blogs and talks – but I did not expect three things: Ukraine to get so good at attacking Russian oil facilities. The...
I woke up certain today that rates would be 1/4% HIGHER. I was very wrong. Oil prices are only a tad higher, and interest rates are holding, as investors clearly seem to think the ceasefire will...
Allbirds was a SHOE company that went public in 2021 with much fanfare. It then fell 99% from its peak (turns out their “sustainable” shoes, made from wool, sugarcane, and unicorn feathers,...
Oil Prices (WTI) Plummeted To $92 Per Barrel From $104 Per Barrel On Monday. Interest rates followed and are now almost 3/8% LOWER than they were a few weeks ago. This unprecedented plunge in...
It was an amazing thing to behold! I watched the 10-year Treasury yield fall almost 15 basis points or 0.15% (a huge drop) very quickly when the ceasefire was announced yesterday. I also watched oil...
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