Hao Hong of GROW Investment Group says China’s total local government debt is likely much higher than official figures. He says investors who are attracted to Chinese high-yield dollar bonds are betting on ‘very substantial’ policy measures by the government.
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The average 30-year fixed rate mortgage was 6.78% on Nov. 14, unchanged from a week ago.
Commissions haven’t changed much since the NAR settlement terms went into effect, but early signs show where things may be heading, dueling surveys by AccountTECH and Inman Intel show.
Rating agencies are keeping a close eye on whether politicians in the nation’s polarized Capitol will rise to challenges including the rising national debt, looming debt ceiling and inflation.