Support the fact-based journalism you rely on with a donation to Marketplace today. Give Now!

Is private equity in trouble?

Trader Jared Dillian says PE firms are having problems exiting their investments, and he worries that the sector poses systemic risk.
Blackstone, helmed by CEO Stephen Schwarzman, is one of the world's top private equity firms.
Alex Wong/Getty Images

High prices, interest rates, fading buyer incentives all dent new car purchasing

Oct 2, 2024
Several carmakers reported soft sales in the third quarter, and average loan rates for new cars exceeded 7%.
New vehicle prices have gone up considerably since the last time most would-be buyers purchased a new car.
Getty Images

Homebuyers are still waiving inspections. Could the latest Fed rate cut help turn the tide? 

Sep 30, 2024
In a competitive housing market, buyers are forgoing their right to an inspection, or the right to walk away from a property if it’s not in good condition.
The housing market is so competitive in some areas that buyers feel pressured to waive home inspections.
Marje/Getty Images

Falling mortgage rates have some homeowners ready to refi — but only some

Sep 26, 2024
Many are paying interest rates well below today's.
"Forty percent of folks that have taken out their mortgages in 2023 or 2024 could save at least  .75% through a refinance at today’s interest rate," said Andy Walden at Intercontinental Exchange.
Mario Tama/Getty Images

Mortgage rates are falling. Will it offer buyers any relief?

Sep 25, 2024
It all depends on what happens with home prices.
Mortgage rates fell in anticipation of the Fed's interest rate cut last week.
Christopher Furlong/Getty Images

The Fed cut rates, but the yield on the 10-year T-note is up

Sep 24, 2024
So far, the bond market seems to be doing the opposite of the Fed's plan. But the cut was anticipated, and recession fears have eased.
The Fed's interest rate moves don't translate directly or immediately to the Treasury bond market. Above, Chair Jerome Powell.
Getty Images

Assumable mortgages give buyers a second chance at low rates

Sep 23, 2024
But they come with some caveats.
“Unfortunately, 98% of sellers don’t actually know that they’re eligible for the opportunity to include their mortgage in their home sale,” said  Raunaq Singh, founder and CEO of Roam.
Joe Raedle/Getty Images

For public good, not for profit.

November's Fed meeting will move to avoid Election Day

Sep 18, 2024
Because there happens to be an election on the Tuesday when the Fed would normally meet.
Stefani Reynolds/AFP via Getty Images

What actually happens once the Fed announces an interest rate cut

Sep 16, 2024
The Federal Reserve is likely to cut rates when it meets this week. Once Fed officials announce a rate cut, the gears of monetary policy start turning.
Interest on things like credit card debt and home equity lines of credit will drop as soon as the Federal Reserve starts lowering interest rates.
Mandel Ngan/AFP via Getty Images