Author: Lending Agent
Heightened tensions around President Donald Trump’s tariffs have weighed on the market in recent days, but some stocks could provide investors safety amid persistent uncertainty, according to Piper Sandler. All three major averages closed the past week lower after Trump on Monday said that 25% tariffs would be imposed on goods from Canada and Mexico and that an additional 10% tariff on Chinese goods would go into effect. That sent stocks into a tailspin, with stocks seeing their worst week since September. “Unlike selloffs in recent years, where the transmission mechanism that would provide relief for the market’s primary issues…
There’s a slew of buy-rated stocks that are just too attractive to ignore, Goldman Sachs says. The firm said companies such as Walmart are well positioned to ride out the macro uncertainty. Other stocks include Cheesecake Factory , Smithfield Foods and Ducommun. Walmart Shares of Walmart have plenty of room to run, even as they are up more than 50% over the past 12 months. Analyst Kate McShane said she is sticking with the retail giant after its fiscal fourth-quarter earnings report . The company beat expectations on the top and bottom lines, but it offered disappointing guidance. McShane is…
With rising incomes and a willingness to spend, Generation Z could have a profound impact on the economy and the market. The cohort’s global income levels are expected to increase from $9 trillion in 2023 to $36 trillion around 2030 and $74 trillion by 2040 — the largest of all generations, Bank of America said in a January note. In addition, more than $84 trillion in assets is expected to be transferred to younger generations, including Gen Z, by 2045, according to Cerulli Associates . At the same time, Gen Z is expected to grow their spending power to an…
Premier Mortgage Resources, LLC, has announced the launch of premier home start, a new down payment assistance program designed to make homeownership more accessible for buyers across the nation. This initiative offers flexible assistance options that help homebuyers secure financing without the burden of significant upfront costs. National affordable housing innovator Arrive Home has been named a Top 25 finalist for the 2025 Ivory Prize for Housing Affordability. The Ivory Prize is an award recognizing solutions to housing affordability. It is designed to award innovators for their efforts and provide material support to advance their work. The Ivory Prize is…
Images by Getty Images; Illustration by Issiah Davis/Bankrate Key takeaways Not to be confused with private mortgage insurance (PMI), mortgage protection insurance (MPI) helps cover your mortgage payment if you die or become disabled and can’t work. MPI is similar to life insurance, but the beneficiary is the deceased’s mortgage lender. MPI is not as flexible as other types of insurance like disability insurance and life insurance. What is mortgage protection insurance? Mortgage protection insurance is an insurance policy that pays off the remainder of your mortgage if you pass away or if you become disabled and can’t work. In…
Key takeaways Many lenders offer no-closing-cost mortgages, meaning you don’t need to pay the closing costs upfront when you buy a new home. Instead, closing costs are rolled into the loan balance or compensated for in the form of a higher interest rate. On the plus side, no-closing cost mortgages mean less immediate outlay. On the downside, these loans tend to cost more over their lifetimes. What is a no-closing-cost mortgage? A “no-closing-cost mortgage” is a mortgage that doesn’t require you to pay closing costs upfront, in cash, on closing day. But the name is a bit of a misnomer…
Some of the biggest artificial intelligence plays have sold off dramatically during the recent market turmoil, and here’s how to trade them right now according to Quint Tatro, founder and president of Joule Financial. Tatro broke down his views on Nvidia , Snowflake and Palantir on Friday on CNBC’s “Three-Stock Lunch.” Nvidia Nvidia has fallen 12.7% week to date, on pace for its third down week in a row. Tatro believes investors could start selling on any future relief rally as an oversold bounce is due. “If you are caught in this name and you have watched it decline and…
Americans are flocking to cash amid the market turmoil, with money market fund assets hitting a record $7.03 trillion as of the week ended Wednesday, according to the Investment Company Institute . Markets have been rocky of late as investors grapple with uncertainty around President Donald Trump’s tariffs and their impact on the economy. “Recent strong inflows may be a response to the spike in volatility in the financial markets we’ve seen lately,” said Shelly Antoniewicz, ICI chief economist. “With short-term interest rates still at elevated levels historically, money market funds — which pass earned interest on to their shareholders…
Key takeaways Adjustable-rate mortgages (ARMs) come with an interest rate that changes at predetermined intervals, such as annually or semi-annually. ARMs typically have a low introductory rate, which translates to more affordable monthly mortgage payments initially. ARMs are generally better for borrowers who plan to leave the home or to refinance before the introductory rate period ends. What is an adjustable-rate mortgage (ARM)? An adjustable-rate mortgage, or ARM, is a home loan that has an initial, low fixed-rate period of several years. After that, for the remainder of the loan term, the interest rate resets at regular intervals. This means…
The average mortgage lender was briefly able to offer noticeably lower rates this morning compared to yesterday’s latest levels. Credit goes to this morning’s jobs report for coming in a bit weaker than expected. What do jobs have to do with rates? Rates are based on bonds and bonds are heavily influenced by the state of the economy. Today’s jobs report is traditionally the single most important economic report as far as bonds are concerned. In general, weaker economic data begets stronger bonds and lower rates. The fact that rates didn’t make a huge move in the morning was our…