So we kick off tonight with housinand a new opinion on the impact of rapidly risg Interest Rates. Bank analyst dick bove says it makes no sense to think it was any effect on the Housing Market so why is lowering his rating on one of the major mortgage lenders just today . Joining me now is dick bove. Always such a pleasure to have you on the show, thank you for coming on. Thank you, melissa. Melissa why are you making this about Mortgage Rates . Why will it knocked the legs out from t housing recovery . Think about it. During the housing boom, the average Mortgage Rate was 6. 5 . If you take the average Mortgage Rate, it was 6. 75 . The average rate since freddie mac publish the figures in 1971, 8. 6 . The current Mortgage Rate up a lofrom the bottom is somewhere around 4. 35, 4. 50. Way bew what the average has been for any period in the last 30, 40 years. It is pretty hard to believe an increase in Mortgage Rates causing a slowdown in housing. There are other factors, however. Number
So we kick off tonight with housing and a new opinion on the impact of rapidly rising Interest Rates. Bank analyst dick bove says it makes no sense to think it was any effect on the Housing Market so why is lowering his rating on one of the major mortgage lenders just today . Joining me now is dick bove. Always such a pleasure to have you on the show, thank you for coming on. Thank you, melissa. Melissa why are you making this about Mortgage Rates . Why will it knocked the legs out from the housing recovery . Think about it. During the housing boom, the average Mortgage Rate was 6. 5 . If you take the average Mortgage Rate, it was 6. 75 . The average rate since freddie mac publish the figures in 1971, 8. 6 . The current Mortgage Rate up a lot from the bottom is somewhere around 4. 35, 4. 50. Way below what the average has been for any period in the last 30, 40 years. It is pretty hard to believe an increase in Mortgage Rates causing a slowdown in housing. There are other factors, howev
Telecommunications giant MTN has signed a memorandum of understanding with Mastercard to sell a minority stake in its fintech business worth over $5.2 billion.
Necessity of inflation targeting amidst investment-friendly policies: Nigeria zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.
The Central Bank of Nigeria (CBN) has extended the tenure of Chief Executive Officers (CEOs) of commercial banks in the country by two years. This was announced in a circular signed by Mr Chibuzo Efobi. Before now, chief executives of financial institutions were allowed to remain in office for a maximum of 10 years, but |