Tag Archives: moneyprotects

The pandemic boom in home sales is over’: Mortgage rates soar to highest level since 2009 as the Fed pressures the housing market

The 30-year fixed-rate mortgage averaged 5.27% for the week ending May 5, according to data released by Freddie Mac FMCC, -0.46% on Thursday. That’s up 17 basis points from the previous week — one basis point is equal to one hundredth of a percentage point, or 1% of 1%

https://www.marketwatch.com/story/the-pandemic-boom-in-home-sales-is-over-mortgage-rates-soar-to-highest-level-since-2009-as-the-fed-pressures-the-housing-market-11651760108?link=sfmw_fb&fbclid=IwAR14JE4G-PIvrSuqUXZFYxstOPGt3e9-bcVJhCZMwq58qx8b-fawz1TCp_o

Record-high inflation could mean a bigger Social Security cost-of-living adjustment in 2023

Social Security beneficiaries started 2022 with a 5.9% cost-of-living adjustment to their monthly checks, the highest increase in about 40 years.

But as inflation climbs with each month, the buying power of those benefit increases has diminished.

The Consumer Price Index for all Urban Consumers, or CPI-U, rose 8.5% from a year ago, according to March data released by the U.S. Bureau of Labor Statistics on Tuesday.

https://www.cnbc.com/2022/04/12/inflation-could-mean-a-big-social-security-cost-of-living-adjustment-in-2023.html

Here are the bank and fintech stocks and trends to watch for in 2022

Wells Fargo signage on May 5th, 2021 in New York City.
Wells Fargo signage on May 5th, 2021 in New York City.
Bill Tompkins | Michael Ochs Archives | Getty Images

https://www.cnbc.com/2021/12/30/here-are-the-bank-and-fintech-stocks-and-trends-to-watch-for-in-2022.html?&qsearchterm=fintech

Opening Soon

Opening Soon

Albert Edwards And Scott Minerd Agree: US Yields Could Go Negative

Do you believe we’ve “crossed the Rubicon” where that means policymakers are increasingly inclined to view the world through the lens of Modern Monetary Theory even if they insist they’re doing no such thing? If the answer is “yes,” you’ll be forgiven. The superfluous middleman notwithstanding, central banks are engaged in debt monetization. That’s been true for a long time, of course. What’s new is that the “match” between government borrowing and central bank bond-buying became so glaring following the pandemic that the charade was difficult to obscure, even in countries where the public isn’t exactly famous for its capacity to grasp nuance (e.g., the US). The figure (below) is about as straightforward as it can be.

https://heisenbergreport.com/2021/03/04/albert-edwards-and-scott-minerd-agree-us-yields-could-go-negative/

My Bank offers me KYC as a service for fintech apps & my business

Fintech/Blockchain influencer – No.3 influencer in the finance sector by Refinitiv Global Social Media 2019.  As the year comes to an end, I am …

My Bank offers me KYC as a service for fintech apps & my business