Author: super@dmin

Even if Federal Reserve Chair Jerome Powell stops hiking policy rates soon, the 30-year fixed rate mortgage still would climb to 10%, says Christopher Whalen, chairman of Whalen Global Advisors.

Housing markets across the country are seeing home price growth slow, led by Sacramento, Calif., according to a new report by First American.

Stocks ended the first full week of earnings season on a strong note Friday. It gets more hectic next week, with 165 S&P 500 companies due to report results.

The 30-year mortgage rate is averaging at 6.94%, Freddie Mac said in its latest weekly survey on Thursday.

Ford Motor Co.’s third-quarter earnings report shouldn’t be too dramatic since the company already warned about rising costs and inventory problems, but General Motors Co.’s report could be a different story as Wall Street analysts have boosted their estimates at a time of growing worries of weakening demand.

Texas Instruments Inc. and KLA Corp. are two areas of the chip sector that will be tested early in the week ahead of Intel Corp. earnings as early chip-industry reporters have produced beat-and-raise quarters in an environment when many have slashed forecasts.

Raymond James analyst Buck Horne lowered ratings on all of the home-builder stocks he covers, as he believes the recent “relentless” climb in mortgage rates has ensured a housing recession.

Hurricane Ian victims in Florida, North Carolina and South Carolina are still trying to get their bearings after last month’s epic wind, water and flooding caused billions in damage.

Parity Technologies CEO Gavin Wood is stepping down but will retain his position as chief architect of the crypto company. Björn Wagner will replace Wood as CEO.

Friday’s top personal finance stories.