Investors struggling with the shape of the recovery of Covid-19 have the same blind spot as they did after the financial crisis: They do not know how inflation works. The S&P 500 hit new highs this month, despite the devastating effects of the pandemic. However, market expectations of inflation returned …
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Mortgage rates are still close to record lows, but that makes owning a home no longer cheaper for home buyers. The 30-year fixed-rate mortgage averaged 2.91% for the week ending August 27, falling eight basis points the week before, Freddie Mac FMCC, + 0.46% reported Thursday. The 15-year fixed-rate mortgage …
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BEIJING – While the rest of the world is struggling to contain the coronavirus, China’s recovery is gaining momentum, and it is positioning itself to close its gap with the US economy further. Throughout China, restaurants and gyms are busy again. Metro cars and lounges for departure from airports are …
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Home sales grew in July, signaling how much the pandemic is adapting to where and how Americans want to live in this period of social distance and work from home. Buyers of homes that were restless in March and April when a large part of the country was under siege …
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Americans are in a hurry to buy a home right now. But should you be one of them? Sales of former homes in the U.S. rose 24.7 percent between June and July to an annual adjusted annual rate of $ 5.86 million, the National Association of Realtors reported Friday. Not …
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