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Just spoke with a major lender – their 30-year fixed rate no points hit 5.00% today.
— Bill McBride (@calculatedrisk) March 21, 2022
Bond mutual funds keep bleeding, another week of outflows has them at $65b on the year, which is worse than any year since we started tracking this data in 2007. It’s also a sharp reversal after they did a record $400b in inflows last yr. pic.twitter.com/bkRo8F9tRg
— Eric Balchunas (@EricBalchunas) March 18, 2022
Inflation stings most if you earn less than $300K. Here’s how to deal:
➡️ Take the bus
➡️ Don’t buy in bulk
➡️ Try lentils instead of meat
➡️ Nobody said this would be fun https://t.co/HGJEoXL5ZZ— Bloomberg Opinion (@bopinion) March 19, 2022
Demand is still heating up! According to GasBuddy data, weekly (Sun-Sat) US gasoline demand rose 3.3% from the prior week and was 4.8% above the four week rolling average to the highest since the week of 8/8. #oil #mogas pic.twitter.com/s3nt8LbmdT
— Patrick De Haan ⛽️📊 (@GasBuddyGuy) March 20, 2022
Net wealth held by millennials and zoomers has more than doubled during the pandemic, growing from $4.55 trillion to $9.13 trillion—or about $86,000 per adult—in current dollars.https://t.co/y0TrC4jE7u pic.twitter.com/dn42Xk6Ioi
— Ryan Radia (@RyanRadia) March 21, 2022
Housing starts increase to 1.769 million (SAAR) in February. SF housing starts increase 5.7% on monthly basis, while the rate for units in buildings with 5+ units increased 0.8%. More groundbreaking is welcome news for a supply starved housing market. pic.twitter.com/OO1VWVu6Dr
— Odeta Kushi (@odetakushi) March 17, 2022
Median home price in 1990 = $126,800
Median today = $408,100Average 30-year mortgage rate in 1990: 10.26%
Average today: 4.16%1990 mortgage payment = $1,137
1990 payment adjusted for inflation = $2,486
Mortgage payment on today’s median house at today’s average rate = $1,986— ValueStockGeek (@ValueStockGeek) March 20, 2022
Housing Starts continue to trend higher, avoiding the “recessionary rollover” for now: https://t.co/VQ02ufT79P pic.twitter.com/dVrUMUM4tJ
— Bespoke (@bespokeinvest) March 17, 2022
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