Mortgage rates could fall below 5% next year, emboldening US consumers and allowing banks to ‘re-liquify,’ Fundstrat’s Tom Lee says

By: Mortgage rates could fall as low as 4.75% next year, according to Fundstrat’s Tom Lee. Lower rates could be a positive for consumers and “re-liquify” banks, he told CNBC. Markets are expecting the Fed to cut interest rates next year, See the full article on mortgage interest rates, or, read more Arizona real estate…

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U.S. unemployment claims rise slightly, remain at low levels despite higher interest rates

The number of Americans applying for unemployment benefits rose slightly last week but still remained at historically low levels despite high interest rates. WASHINGTON (AP) — The number of Americans applying for unemployment benefits rose slightly last week but still remained at historically low levels despite high interest rates intended to slow hiring and cool…

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