Consumers can take steps now to prepare for the winter and conserve energy. “It’s November — there’s still time to get ready,” Mr. Wolfe said. Heating contractors are typically less busy right now, he said, before temperatures plummet. The most widely recommended step: Schedule a professional checkup of your heatingContinue Reading
Mortgage demand dropped again last week as rates climbed higher, but one type of loan is attracting borrowers. Adjustable-rate mortgages, or ARMs, which offer lower rates, are seeing renewed demand after getting very little interest over the last decade. Total mortgage application volume dropped 2% last week compared with theContinue Reading
GP: Homes for sale Brittany Murray Via Getty Images | Medianews Group | Getty Images In June the average rate on the 30-year fixed shot over 6% briefly, and that was enough to turn the once-hot housing market on its heels. Rates pulled back in July and August, but theContinue Reading
Not all big stock moves are equal. MarketBeat.com – MarketBeat Some are accompanied by heavy trading volume. Others come with but a whimper of activity. Which ones are more significant? Often it’s the high volume moves that pack the most punch. In stock investing, when a crowd forms it typicallyContinue Reading
Tight supplies of new cars, high prices and rising interest rates are making automobiles increasingly unaffordable for many Americans. In June, the average transaction price of a new car topped $48,000 for the first time, an increase of almost 13 percent from a year earlier, Kelley Blue Book reported thisContinue Reading
The Dow Jones Industrial Average traded lower late morning Wednesday, but was off its worst levels and the Nasdaq Composite index was higher in the wake of data showing U.S. inflation climbed to new 41-year high of 9.1% in June, as gasoline prices surged. How are stock indexes trading TheContinue Reading
Investors around the world are feeling some pain. But periods of turmoil like this also generate significant opportunity to put capital to work. Valuations across most sectors have fallen, which increases the margin of safety for buyers of shares today. It also increases the likelihood of capital gains. At theContinue Reading
FUTURE LIGHT | Photodisc | Getty Images Sales contracts for Manhattan apartments plunged by nearly a third in June as the city’s scorching real-estate market started to cool amid recession fears and declining stocks. New York real estate was on a tear through the early spring, with high prices andContinue Reading
Fixed asset investment data for the first five months of 2022 showed real estate investment declined at a greater scale than it did during the first four months of the year. Pictured here on May 16 is a development in Huai’an City in Jiangsu province in east China. CFOTO |Continue Reading
(Bloomberg) — Exxon Mobil Corp. shares rose to the highest intraday level ever Wednesday and are on track to close at a record, stoked by an almost 60% surge in crude prices that’s lifting oil supermajors and complicating efforts to fight global inflation. Most Read from Bloomberg North America’s largestContinue Reading