12-18-2020: Mortgage Rates Hit Another Record Low
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.3 • 1.5K Ratings
🗓️ 19 December 2020
⏱️ 45 minutes
🧾️ Download transcript
Summary
According to Freddie Mac, the average interest rate on a 30-year fixed-rate mortgage is at a 50-year low-- yet, soaring buyer demand is keeping home sales at their highest pace in more than 15 years.
Today's Stocks & Topics: CMA - Comerica Inc., STRL - Sterling Construction Co. Inc., Bill Gates & QS - QuantumScape Corp. Cl A, AMZA - InfraCap MLP ETF, RIO - Rio Tinto PLC ADR, Life Insurance.
TRIVIA QUESTION: "Since the gold standard was removed, the amount of United States dollars in circulation has steadily INCREASED-- can you name the YEAR in which a U.S. President took us 'off gold'? And-- WHAT was our total money supply in that year?"
Plus: Key Benchmark Numbers and Market Comments for: Treasury Yields, Gold, Oil and Gasoline.
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Transcript
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| 0:00.0 | This podcast is produced by KPP Financial, Steve Peasley President, |
| 0:10.4 | KPP Financial, Independent Thinking, shared success. |
| 0:15.0 | And now today's podcast. |
| 0:17.0 | Good afternoon everybody and welcome to Invest Talk. It is Friday December 18th |
| 0:25.7 | 2020. December 18th we have one week to Christmas everybody seven days left seven days well actually six shopping days left I can't shop on Christmas I guess |
| 0:38.6 | But you're a week away from Christmas and two weeks away from New Years. Just two weeks and we're into |
| 0:45.7 | 2021. Man time goes by fast. We'll be there soon. Hopefully 2021 be a lot different than 2020. |
| 0:57.0 | Hopefully we'll get on top of this COVID thing. |
| 1:00.0 | That vaccine seems to be working. |
| 1:02.0 | Everybody's getting everybody I can't say everybody every |
| 1:05.8 | all the you know it's going to take months to get it all out there but they have millions of |
| 1:12.4 | doses already ready to go. |
| 1:14.0 | Especially the next one is in line that's got approved and that'll probably be out by |
| 1:19.6 | what Monday, Tuesday? I don't know. Very, very quick. |
| 1:24.0 | And I already have millions of doses, but of course they're going to go for the high-risk people first, |
| 1:30.0 | which of course is the health care people than the older people I think I fit in that group and |
| 1:36.4 | then on down you know people have pre-existing conditions just like they should. You know, I have no issue. |
| 1:43.8 | That's how it should be done. |
| 1:45.4 | People at risk first. |
| 1:47.3 | Anyways, that's happening and that's going to make next year a much better year. |
| 1:51.4 | By this time next year, all the restaurants that are left will be open, hopefully, in business. |
| 1:59.0 | I hope there's a big spur to everybody going out to dinner, going out to get a haircut, everybody going out to |
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