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Wholesale prices rose 10.8% in May, near a record annual pace

Wholesale prices rose 10.8% in May, near a record annual pace

by Third Party | Jun 15, 2022 | Industry Updates, News/Current Events

Source: CNBC —  Wholesale prices rose at a brisk pace in May as inflation pressures mounted on the U.S. economy, the Bureau of Labor Statistics reported Tuesday. The producer price index, a measure of the prices paid to producers of goods and services, rose 0.8%...
Opinion: ‘Liquidation panic’ has taken over the stock, bond and crypto markets — and this may be the beginning of the end

Opinion: ‘Liquidation panic’ has taken over the stock, bond and crypto markets — and this may be the beginning of the end

by Third Party | Jun 15, 2022 | Industry Updates, News/Current Events

Source: Market Watch —  The U.S. stock market is experiencing a liquidation panic where everything is getting sold. The good news is such panics usually don’t last long. Analysis from Rob Hanna of Quantifiable Edges suggests a rare Inverse Zweig Breadth Thrust...
Is the Housing Market Correcting?

Is the Housing Market Correcting?

by Third Party | Jun 15, 2022 | Industry Updates, News/Current Events, Real Estate Agent Tools

Source: Keeping Current Matters —  If you’re following the news, all of the headlines about conditions in the current housing market may leave you with more questions than answers. Is the boom over? Is the market crashing or correcting? Here’s what you need to...
Today’s mortgage refinance rates increase : June 14, 2022

Today’s mortgage refinance rates increase : June 14, 2022

by Third Party | Jun 15, 2022 | Industry Updates, Mortgage Information, News/Current Events, Real Estate News

Source: Bankrate —  Several benchmark mortgage refi rates floated higher today, June 14th, according to data compiled by Bankrate. 30-year fixed refinance rate: 5.89%, +0.38 vs. a week ago 15-year fixed refinance rate: 5.05%, +0.34 vs. a week ago 10-year fixed...
The crypto industry just had one of its worst days ever — Here’s what happened

The crypto industry just had one of its worst days ever — Here’s what happened

by Third Party | Jun 14, 2022 | News/Current Events

Source: CNBC —  Crypto has had a brutal first half of 2022, but few days have been this bad for the industry that’s built itself up around digital currencies. On Monday, trading platforms halted withdrawals, companies cut jobs, and panicked investors dumped...
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