Financial Markets - Real Estate Investor Pulse

Dollar sags before inflation data, yuan weakens on rate cut

June 13, 2023 Mark Paul Cervantes Comments Off

LONDON/SINGAPORE, June 13 (Reuters) – The Dollar fell slightly on Tuesday as investors awaited U.S. inflation data, while China’s yuan slipped to a six-month low after the central bank lowered a short-term lending rate to […]

Central banks shelve guidance, in fits and starts, as inflation reigns

June 12, 2023 Mark Paul Cervantes Comments Off

Central bankers, who once considered obscurity central to their craft, are trying to wean the world from the predictability they’ve nurtured over 15 years of concrete guidance about their intentions and return to a time […]

IMF urges Fed, central banks to keep tightening to reduce inflation

June 9, 2023 Mark Paul Cervantes Comments Off

WASHINGTON, June 8 (Reuters) – The International Monetary Fund on Thursday urged the U.S. Federal Reserve and other global central banks to “stay the course” on monetary policy and remain vigilant in combating inflation. IMF spokesperson Julie […]

The Bank of Canada Is Likely Ready to Start Hiking Interest Rates Again

June 7, 2023 Mark Paul Cervantes Comments Off

(Bloomberg) — The Bank of Canada probably isn’t done raising interest rates. Whether they move now or in July, policymakers led by Governor Tiff Macklem are expected to resume their tightening campaign. About one in […]

High inflation and recession risk – the Bank of England’s dilemma

June 6, 2023 Mark Paul Cervantes Comments Off

LONDON, June 6 (Reuters) – The Bank of England is trying to curb an inflation rate that is running higher in Britain than in the United States and the euro zone, without pushing the economy […]

How Hong Kong plans to test its digital dollar in $229 bln mortgage market?

June 6, 2023 Mark Paul Cervantes Comments Off

HONG KONG, June 6 (Reuters) – Hong Kong ‘s central bank plans to test the use of its digital currency under a pilot project in its HK$1.8 trillion ($229 billion) mortgage market, with an aim […]

Inflation, interest rates will stay high amid poorer growth prospects, IMF chief says

June 5, 2023 Mark Paul Cervantes Comments Off

Continuous inflationary pressure and higher interest rates will remain the main problem for the global economy next year, together with the overriding concern about longer-term growth prospects, the managing director of the International Monetary Fund […]

European shares lifted by US debt deal optimism, Swedish real estate stocks

June 2, 2023 Mark Paul Cervantes Comments Off

European shares rose on Friday, with real estate and mining stocks in the lead as investors took comfort from the passing of the US debt ceiling bill and hints that the Federal Reserve could pause […]

Commercial real estate will suffer a recession if banks don’t start lending again, warns property billionaire Ross Perot Jr.

June 1, 2023 Mark Paul Cervantes Comments Off

The Commercial Real Estate sector is at risk of a recession, warned Ross Perot Jr. The real estate billionaire said banks needed to lend to the industry to avoid a sharp downturn. Some lenders have […]

Australia’s central bank warns of inflation risks, pain ahead for households

May 31, 2023 Mark Paul Cervantes Comments Off

The head of Australia’s central bank on Wednesday pledged to do whatever is necessary to bring inflation back to target, warning that risks to inflation are on the upside and households should brace for the pain ahead. Appearing before lawmakers, Reserve Bank of Australia Governor Philip Lowe […]

Rocket lost money last year, so why are its shares up?

February 25, 2024 Comments Off

Rocket Companies, the parent of Rocket Mortgage, lost money in 2023, but executives have expressed confidence about a big turnaround by touting investment in artificial intelligence (AI) to accelerate the company’s profitability. Despite reporting […]

Industry experts are closely watching delinquency rates, insurance costs

February 25, 2024 Comments Off

Mortgage servicers, regulators and economists are closely watching the delinquency rates for Federal Housing Administration (FHA) loans following a spike in the fourth quarter of 2023. Industry experts say that although there’s a correlation […]

Jobs data sends mortgage rates higher

February 3, 2024 Comments Off

Today we got a jobs Friday hat trick! Better headline jobs were reported, with positive revisions and more robust wage growth, which caught bond traders off guard and sent bond yields and mortgage rates […]