Mortgage Rates Are Suddenly Going Up Again. Why?, Wall Street Gains Ground For A Winning Week and Crypto at All Time Highs, Thanksgiving in NYC

Your weekly market update has arrived. Brought to you by the Martin Eiden Team at Compass. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

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New and Noteworthy

Mortgage Rates Are Suddenly Going Up Again. Why?

The 30-year-fixed rate jumped to 6.90% last week, up from 6.86% a week earlier and its highest level since July. Despite the increase, overall mortgage loan application volume ticked up by 1.7% on a weekly basis. What’s driving this rise in mortgage rates? Look at the increase in 10-year Treasury yields since the Federal Reserve began slashing interest rates. (Read More)

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Wall Street Gains Ground For A Winning Week and Crypto at All Time Highs

Stocks rose trading on Wall Street Friday, giving the market its fifth weekly gain in a row.

The S&P 500 was up 0.3% and was solidly on track for a weekly gain that will erase most of last week's loss.

The Dow climbed 352 points, or 0.8%, and the Nasdaq composite rose 0.1%. Crypto is also at record highs with Bitcoin currently trading over at 97,000. (Read More)

Thanksgiving in NYC

Next Thursday is Thanksgiving already. Can you believe it? Here is a list of things you can do in NYC this Thanksgiving including: The Macy’s Thanksgiving Day Parade, go ice-skating at The Rink at Rockefeller Center, or shop the the Bryant Park Winter Village. If you're not cooking at home, enjoy the delicious Thanks-giving meals from NYC’s best restaurants. Don't forget about Black Friday deals too (See Full List Here)

Team News

🍁 Happy Thanksgiving 🍁

Happy early Thanksgiving wishes from the Martin Eiden Team! We hope you are gearing up for a festive night of fun with friends and/or family. Or if your tradition is to go to a restaurant on Thanksgiving, we love that too. Check out this link for ideas for things to do during the holiday: things to see, places to shop, and restaurants that offer a Thanksgiving special. Enjoy!

Celebrate

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Compass is a licensed real estate broker. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. All Coming Soon listings in NYC are simultaneously syndicated to the REBNY RLS. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.

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Mortgage Rates Are Suddenly Going Up Again. Why?, Wall Street Gains Ground For A Winning Week and Crypto at All Time Highs, Thanksgiving in NYC

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