Elon Musk, the billionaire CEO of Tesla and SpaceX, stoked debate about the future of retirement savings by saying that in the coming years, traditional retirement planning could become “irrelevant” amid technological advances. “One side recommendation I have is: Don’t worry about squirreling money away for retirement in 10 or 20 years,” Musk said on […]
Elon Musk says retirement savings could become ‘irrelevant’ Read More »
Mortgage rates briefly fell below 6% on Friday for the first time in nearly three years — driven by President Donald Trump’s proposed $200 billion push in the secondary market. If they stay that low, they are expected to spur refinance activity. Historically, a 22–basis-point decline in the 30-year fixed mortgage rate, such as the
Sharp decline in mortgage rates revives hopes of a refi surge, LOs say Read More »
Residential construction fell to its lowest point since May 2020, according to an October U.S. Census Bureau report that was delayed by last year’s government shutdown. Widening air pockets of demand over the past year led to an overbuild of speculative homebuilder inventory in — formerly booming — Sun Belt and Mountain West markets. Builders
Housing starts fall to lowest point since 2020, led by a stall in the Sun Belt Read More »