All right, we got the latest reading on the housing market, mortgage rates higher for the first time in five weeks.Hey Rebecca, hey Shana, we have seen mortgage rate, the fixed 30 year average rate increase about nine basis points this week according to Freddie Mac.
And the reason is because with a more stabilized mortgage rate, more homeowners are willing to list their home by giving up their lower mortgage rate because and the reason is because they are getting a lot more used to the higher rate environment that we are seeing today.Maybe they have a new baby, maybe they need a new school district.Now, from the home buyer side, we have yet to see a return of demand at the activity on the mortgage activity.
My wife and I are both 56. We have around $1.2 million saved – approximately $450,000 in company 401s, $650,000 in a managed account, and approximately $70,000 in personal stocks. We also have approximately $22,000 in savings. Our home is worth $700,000 or more and we owe $197,000 with a 3.875% interest rate. Our advisor The post Ask an Advisor: We’re 56 With $1.2 Million in Investments and Savings.
Nvidia shares are falling back today following the chipmaker's recent market high. Rosenblatt Securities senior research analyst Hans Mosesmann joins Market Domination to explain why he is not worried about the stock's bumpy previous weeks. Mosesmann has issued the highest price target for Nvidia on Wall Street. Mosesmann has a long-term view, explaining that the sale pressure is negligible when one considers that Nvidia is going to be the "best way to play AI for the next 10 years.
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