• The real estate market is finally getting less competitive. Here's why that's bad news for both renters and potential buyers - at least for now

    10 days ago - By Business Insider

    An American neighborhood. Getty Images
    Mortgage rates just reached 6% - more than double the rate borrowers were offered during June 2021.
    As rates rise, an expert says fewer investors are purchasing homes.
    Waning demand could cool off the market, but it won't make housing of any kind affordable in the short term.
    The average U.S. fixed interest rate for a 30-year mortgage rose above 6% this week. It's more than double the 2.98% borrowers were offered during the same time period in 2021. Spurred on by the Federal Reserve 's interest rate hike , mortgage rates are likely to continue rising...
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  • Billionaire investor Jeff Gundlach says he won't be shocked if bitcoin falls to $10,000, as 'blow-ups' rattle the crypto market

    10 days ago - By Business Insider

    Jeffrey Gundlach is the CEO of investment firm DoubleLine. CNBC/Getty Images
    Billionaire investor Jeff Gundlach told CNBC he wouldn't be surprised if bitcoin plunged to $10,000.
    The "Bond King" pointed to "blow-ups" in crypto that helped drive a fall in bitcoin to just above $20,000.
    Worries about the financial health of hedge fund Three Arrows and lender Celsius have shaken confidence.
    Billionaire investor Jeff Gundlach says it wouldn't surprise him if bitcoin falls further to hit $10,000, after a series of "blow-ups" that have raised worries about the stability of crypto markets. The...
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