Although mortgage rates are still relatively close to their highest levels in 9 months, they continue moving lower after hitting those highs as the beginning of last week. Today's improvement follows news over the weekend that the U.S. and Iran are even closer to agreeing on a framework that would end the war. The war […]
The gap between where rates are and where households “need them to be” is suppressing labor mobility, distorting retirement decisions, and reshaping expectations about generational wealth building: 56 percent of working Americans have either turned down a job requiring relocation or say they would, and 20 percent have already turned down a job, promotion, or […]
On Sunday evening, the NYT ran a story that the U.S. and Iran had agreed in principle to end the war and reopen the Strait of Hormuz. The key distinction versus previous rumors/reports is that the issue of nuclear material is being left as "TBD." Subsequent headlines mentioned several military strikes, but the market didn't […]