Intel is the Dow’s biggest loser
CNN Business – 9/25/2022
September is historically the worst month for the stock market. The Dow has plunged more than 6% so far this month and is not far from a 52-week low. That follows a more than a 4% drop in August.
Inflation and higher rates are a ‘dangerous mix’ for consumers already stretched thin, says chief financial analyst
CNBC – 9/23/2022
Households are feeling the squeeze as borrowing costs jump while inflation remains high.
Americans Are Tapping Home Equity Despite Jump In Rates
Financial Advisor – 9/23/2022
Soaring house prices in recent years have left Americans with record levels of equity in their homes.
REAL ESTATE NEWS
FHFA Report Shows a Substantial Decrease in Mortgage Refinancing in Q2 2022
MortgageOrb – 9/23/2022
Fannie Mae and Freddie Mac completed 96,945 foreclosure prevention actions during the quarter, raising the total number of homeowners who have been helped to 6,591,002 since the start of conservatorships in September 2008.
Homebuilder’s Q3 results reflect housing industry woes
Mortgage Professional America – 9/23/2022
KB Home – one of the nation’s largest homebuilders in the US – revealed its third quarter earnings this week, offering a snapshot of the economic forces that have beset the housing industry amid inflation and supply chain backlogs.
Fannie Mae Continues to Forecast 2023 Recession
DS News – 9/23/2022
Fannie Mae’s Economic and Strategic Research Group says the housing market is expected to further cool and predicts recession conditions in 2023.
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