March 2022
Soaring mortgage rates may not cool housing market rising wages are offsetting some of the higher borrowing costs
Mortgage rates have risen 8 straight days and are up 1.25% in 2022. Matt Graham at Mortgage News Daily explains why.
After Elon Musk said on Twitter that Tesla and SpaceX were feeling inflation, Tesla raised prices on its entire vehicle lineup. Cheapest Model 3 now $47k.
Elizabeth Warren’s anti-crypto crusade draws line between supporting innovation & industry crackdown
The lack of consensus among Democrats means it's unlikely Congress will act anytime soon to pass major legislation on the direction of regulation of the new market.
A year ago, cash buyers were 14% of existing home sales. Now they’re 27%. This is one of a few key factors wearing on first time buyers.
Russia has debt payments due this week to Western investors, but it’s unclear if they’ll pay. This FT briefing covers what could happen if they don’t.
Elizabeth Warren is a longtime opponent of cryptocurrency. Now, in the teeth of Russian aggression and a humanitarian crisis on the ground, Warren’s focus has been proposed legislation to prevent crypto-based sanctions evasion – despite assurances from within Treasury itself that further rules aren’t necessary.
“We deeply regret that this incident occurred,” Bank of America said in a statement about filmmaker Ryan Coogler being presumed a bank robber when making a withdrawal
Realtors like “Black Rifle Real Estate” target conservatives & say relocation business is booming thanks to ‘insane’ left wing politics
New York City’s real estate market is flooded with Russian oligarchs and sellers trying to liquidate their assets ahead of possible U.S. sanctions.
Among all major lenders, Wells Fargo was alone in rejecting more Black homeowners than it accepted.
For the year leading up to February, consumer prices (aka inflation) is 7.9% total. Excluding food and gas prices, this number drops to 6.4%.
The hunt for Russian crypto is on. Blockchains never forget, and crypto isn’t exactly anonymous.
“Headwinds affecting the residential real estate market” prompt Better mortgage to lay off 35% of team. CFO says “It is in no way a reflection on the personal performance of any departing team members, all of whom have contributed to Better’s success.”
“We’re banning all imports of Russian oil and gas and energy. That means Russian oil will no longer be acceptable at U.S. ports and the American people will deal another powerful blow to Putin’s war machine." - President Biden
