buy the rumor,sell the news
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Mortgage rates jump past 5%, signaling more home price cuts ahead
Millennials are in their prime homebuying years, and they're used to cheap credit. So they might be in for a rude awakening as mortgage rates jump. The average rate on the 30-year fixed loan sat just below 4 percent a year ago, after dropping below 3.5 percent in 2016. It just crossed the 5 percent mark, according to Mortgage News Daily. That is the first time in eight years, and it is poised to move higher. Five percent may still be historically cheap, but higher rates, combined with other challenges facing today's housing market could cause potential buyers to pull back. "Five percent is definitely an ... (full story)
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In trading, you have to be defensive and aggressive at the same time
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da n0o0b + $hit_Disturber
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One Good Trade