Why mortgage costs are rising despite interest rate cut
Mortgage costs are rising – with the average rate on a two-year fixed deal now at 5.5% – despite a recent cut in interest rates.
A string of lenders, including Barclays, HSBC, NatWest and Nationwide, have increased the rates charged on new fixed deals in recent days.
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Read MoreInterest rates fell, but inflation rose. What you need to know
Interest rates fell, but inflation rose. What you need to know
» Read more about: Interest rates fell, but inflation rose. What you need to know »
Read MoreGary Black Defends Tesla Strategy Amid Clash With Elon Musk Bulls: 'We Don't Trade Tesla… We Trim When The Price Goes Higher'
The Future Fund LLC, Managing Partner Gary Black pushed back against accusations of short-term trading, clarifying his firm’s Tesla Inc TSLA investment approach focuses on strategic position adjustment rather than active trading.
What Happened: Black revealed that The Future Fund’s average Tesla stock purchase price since early 2023 has been $162,
Americans are investing in ‘hurricane-resistant’ homes
Editor’s Note: Design for Impact is a series spotlighting architectural solutions for communities displaced by the climate crisis, natural disasters and other humanitarian emergencies.
CNN
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Flood insurance in hurricane-prone Crystal River, Florida would have cost Gene Tener $12,000 a year.
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Read MoreThe Burst
1 Stock Down 41% To Buy Now
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Read MoreThe Ivy
Market Commentary: 53.4% of Money Manager’s Portfolio In Just 7 Stocks
Recently, I stumbled across a little-known New York investment manager, called Wall Street Access Asset Management. What intrigued me about their portfolio is that it holds about 25 positions, however 53.4% of the portfolio is concentrated in just the top 7 holdings.
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