InvestTalk 10-20-2023 – 7.7 % Mortgage Rates: What This Means for Housing Demand
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 21 October 2023
⏱️ 48 minutes
🧾️ Download transcript
Summary
The average contract interest rate for 30-year fixed-rate mortgages increased to 7.7% while applications for a mortgage were 21% lower than the same week last year.
Today's Stocks & Topics: LAC - Lithium Americas Corp., PMF - PIMCO Municipal Income Fund, Treasury Bills vs. CDs, I-Bonds, Law of Unintended Consequences, Dollar Cost Average, IHI - iShares U.S. Medical Devices ETF, Seniors.
Plus: Key Benchmark Numbers and Market Comments for: Treasury Yields, Gold, Silver, Oil and Gasoline.
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Transcript
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| 0:00.0 | This is Invest Talk, independent thinking, shared success. |
| 0:08.9 | Justin Klein and Steve Peasley stand ready to take your finance and investment questions |
| 0:14.1 | and share their unbiased answers. |
| 0:17.6 | Invest Talk is made possible by KPP Financial, a registered investment advisor firm serving |
| 0:23.2 | clients throughout the United States. |
| 0:26.1 | The clarity for your path forward starts now. |
| 0:30.4 | Here is KPP Chief Executive Officer, Financial Advisor Justin Klein. |
| 0:37.4 | Good afternoon fellow investors and welcome back. |
| 0:40.7 | This is Invest Talk, it is October 20, 2023 edition and it is Friday which means the weekend |
| 0:48.7 | is upon us but before we get to the fund we are going to recap what happened in the markets |
| 0:55.1 | today and this week and what is happening more broadly with the geopolitical situation |
| 1:02.4 | as well as the broader economy and markets. |
| 1:07.4 | So we are going to do our best this hour to help you take that next step in your path and |
| 1:12.4 | the path is about discovering, discovering the ways of this new world. |
| 1:19.0 | A world where we don't as easily go to bat for our allies, a world where money is not |
| 1:35.2 | as free as it once was, where capital actually costs something again, where the Fed isn't |
| 1:44.9 | just sitting at the zero bound forever and money is essentially free. |
| 1:50.3 | It is not the world we live in anymore. |
| 1:55.9 | So our job is to help you adjust to that, give you actionable material that you can use |
| 2:00.4 | to make good decisions with your money. |
| 2:08.5 | And so I am here to give you my unbiased perspective to your finance and investment questions |
| 2:13.6 | develop with over 20 plus years of investment experience and we are going to talk about |
... |
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