From the Real Deal:
Mortgage applications jump as buyers worry about rising rates
Mortgage activity increased anyways, suggesting homebuyers and homeowners are concerned rates aren’t done rising.
Applications for mortgage purchases and refinancings rose 3.3 percent on a seasonally adjusted basis from the prior period for the week ending on Apr. 12, according to the weekly Mortgage Bankers Association survey. The average rate for a 30-year fixed-rate mortgage increased too, from 7.01 percent to 7.13 percent.
Purchase-loan applications increased 5 percent on a seasonally adjusted basis from the previous week. On an unadjusted basis, it rose 6 percent from the previous week, but was 10 percent below last year’s activity.
The refinancing index, meanwhile, increased a minimal 0.5 percent from the previous week and 11 percent year-over-year.
Last week was the second in a row with rising rates, driven in part by data showing a strong economy and persistent inflation; last week’s average rate was the highest since December.
“Despite these higher rates, application activity picked up, possibly as some borrowers decided to act in case rates continue to rise,” MBA chief economist Joel Kan said in a statement.
…
The average contract interest rate for a 30-year rate with jumbo loan balances (greater than $766,550) increased 27 basis points to 7.4 percent, while the average contract interest rate for a 15-year fixed-rate mortgage rose from 6.46 percent to 6.64 percent.
First.
And LW, watch one minute of this:
https://youtu.be/SGJ5cZnoodY?t=641
Test pricing and billing
The cost of the Galleri® test may vary depending on the healthcare practice or provider who orders the test. The list price for the Galleri test is $949.
Most health insurance plans do not cover the cost of the Galleri test.
Of course they don’t. They are not interested in your health.
“It’s a shame….good company [DNA]. It’s all because of rates….wrong time wrong place.”
Again, if you believe it’s rates please stay away from investing…look at PLTR, same profile, public through a SPAC, in the same low rate environment, a pop, then an 80% decline yet now up into the 20s…DNA’s problems are not rates, but its valuation and that it missed nearly every operating milestone itself laid out…unlike PLTR.
That explains the different trajectories, and is the basis of investing.
“I also thought Lax/ Chavez was a teacher, but it know seems he is retired. He appears to be enjoying his life.”
And he kindly thanks you for funding his vacation and early retirement in sunny CA through the taxes you paid three days ago, as he sits by the pool and enjoys the breezes off Catalina.
Now back to the NJ grinder 3b, that NJ pension of his is sacrosanct and needs more funding.
How else could he be one of the ‘good’ liberals lecturing you about the ‘fairness’ of the system if he can’t sit idly by with a bong or martini on your tab.
Get off the blog and back into the office to make your contribution to his leisure, motherfucker.
Legal Fight Over Trump Media’s Ownership Adds to Its Woes.
Two ex-contestants on “The Apprentice” sold the former president on the idea of a social media platform. Now, the company and the pair are wrangling over their stake.
Now, they might as well be starring in an episode of “Family Feud.”
For weeks, Mr. Moss and Mr. Litinsky have been fighting with Trump Media & Technology Group, the parent company of Truth Social, over their roughly 8 percent stake in the company. In February, they sued the company, claiming that Trump Media — which made its trading debut last month at an $8 billion valuation — was trying to deprive them of the full value of their shares. Now they also claim the company is trying to prevent them from selling those shares.
Lib, it’s a nothing story until someone throws a brick through you window because of your ethnicity.
Love when you guys blast pensions as unsustainable….again, the teacher pension was f’ing robbed blind. Tell the truth instead of advocating for taking the pension away from teachers…hater move based on pure nonsense.
“The $260 billion New York State Common Retirement Fund, which serves police, firefighters and other public workers, is almost fully funded. But officials still decided earlier this month to shift money into private equity, real estate and real assets after a change in state law increased the cap on private market investments. The fund is reducing its target stock allocation to 39% from 47%.”
Yes, the rates have everything to do with it.
The rich valuation was reflective of low rates and the expectation that they would continue.
The high rates destroy a sector like biotech that requires borrowing till profitable. Have you even looked at what has happened to biotech over the last 2 months?! Slaughtered because of this pick up in inflation again. There is opportunity at current prices…not all doom and gloom because price dropped. If you have some balls, money to be made. Their prices are beat to chit.
Also, DNA lives off biotech investment in innovation. You think biotech companies are trying to invest in this high rate environment?!! They are trying to stay alive till borrowing costs drop. If DNA lives, they will grow to be strong when the tide changes. The tide (rates) has been absolutely against them since 2022.
leftwing says:
April 18, 2024 at 7:49 am
“It’s a shame….good company [DNA]. It’s all because of rates….wrong time wrong place.”
Again, if you believe it’s rates please stay away from investing…look at PLTR, same profile, public through a SPAC, in the same low rate environment, a pop, then an 80% decline yet now up into the 20s…DNA’s problems are not rates, but its valuation and that it missed nearly every operating milestone itself laid out…unlike PLTR.
That explains the different trajectories, and is the basis of investing.
How much have the staff/executives at DNA pocketed now?
How much profit have they generated?
Will people keep investing in them long enough to turn a profit?
In my eyes, this company existed only to put money in their employees pockets from sucker investors. IE, Jason Kelly’s remuneration last year was $380 million!
What innovation? Does DNA have anything that is even proprietary? They Pivot more than a startup company, with loads of M/A from other failed ventures and have all the earmarks of a complete fraud.
They are now selling Labs as a Service….Fucking scam folks. Ginkgo is just another CRO Contract Research Organization……you get that in Pune for 10 cents on the dollar.
They are not a scam. You guys think what you want. Look at who they are working with…think they would do deals with a scam..
They just built the new facility in Boston…
Give them some time…this is a long-term play. This is a company run by real scientists that want to change the world. If they do, and i believe they will, there will be money to be made. They might have to reverse split..see what happens.
You guys only want to invest in low risk profitable companies…that’s why you will never make serious money…only maintain it. Mine as well buy multi family properties and rent them out…will make more with less risk.
Btw,
I own zero shares. I plan to buy back in. Just riding this crypto bull for this year.
Juice,
They have a ton of data they are building. AI play right here. F the price…do you believe in the science and technology?!
So Speaker of the House Johnson was down at Mar A Largo last weekend and now he is ramming thru new increased war funding bills. They expect to vote on Saturday evening!
Ukraine 60 Billion
Israel 26 Billion
8 billion for the Indo-Pacific ( Billions for Nuclear submarines for Australia?)
There will be no USA border security bill. This is all to secure other countries and their sovereignty and borders. Trump wants no border security this election year that is for sure..
re: do you believe in the science and technology.
What science? I see more smoke and mirrors than the Wizard of OZ.
https://www.youtube.com/watch?v=amclN9RG49c
I believe they don’t have anything proprietary, and well are using a commodity to pretend they are now an AI Shop. CEO was just out selling data as a service model for their CRO work…Nothing special here at all. No secret sauce…
I mentioned their AI pivot previously, to go with Google as their cloud provider in August when it was announced as it was strange they picked Google.
Read the SEC Filing..For an $8 million spend commitment to Google they got loads and loads of press and all of a sudden are now an AI company.
Ginko commitments to Google.. $8.0 million in year one, $28.0 million in year two, $54.0 million in year three, $86.0 million in year four, and $113.0 million in year five.
https://d18rn0p25nwr6d.cloudfront.net/CIK-0001830214/3d04cc4c-7dc2-46fa-9dcd-5767399fa8c4.pdf
Juice,
Where is the bill to help Americans?
Looks like its our own government saying “Death to Americans.”
Juice Box says:
April 18, 2024 at 10:09 am
re: do you believe in the science and technology.
https://youtu.be/IFgBFYkBZ6E?t=11
You don’t understand bro, all their directors are from MIT!
*Foreign aid to Ukraine
*Missiles
*Socialist Universal Government healthcare for the 65 and older.
*College for our next generation of young Americans
All tax funded but rightwinger gets triggered by only one of these options.
It’s gonna take till 2025 just to find a jury for the Trump trial.
Some very smart people performing a very smart scam.
A prosecutor, Joshua Steinglass, said that juror #4 or someone with their name seems to have been arrested in the 1990s in Westchester for tearing down political advertisements. After some additional research, he says, they also found that the juror’s wife was previously involved in a corruption inquiry and cooperated with the D.A.’s office. This means that the juror, if they’ve identified the right person, lied in response to one of the questions on the questionnaire, Steinglass says.
Looking like there will be an election before a trial.
Then Trump can pardon himself.
It’s good to be the King.
Hehe.
Very Stable: You did not answer my question from the other day. So, I will ask you again, are you in favor of paying back the young people who have paid off their loans and or are still paying them. A simple yes or no answer is all that’s required.
3b,
VSG is a bot. There is no dialog; good, bad or otherwise. It’s the same anemic statements repeatedly. Very weak. Whoever programmed the algorithm did a poor job. There’s no substance to anything posted. Then again, maybe it is designed that way as symbolism over substance is the hallmark of the liberal mind.
Juice,
Do you understand that they are trying to become the R & D for companies? I don’t think you understand what they are trying to do. That’s what is proprietary. You think all the people working for them to bring this all together believe they are working on a scam? Get real.
A very very smart girl I graduated with that became a scientist recently went to their ferment event held in boston. This is what she told me:
“yes they are going to be big. I have bought stock. Encourage you to do the same. It’s not going to give you a return tomorrow. It’s a long haul”
Tell her it’s a scam…tell her that the science is bs. You guys are clueless. You either see it or you don’t…..wall st types only care about profit “now.” When they become profitable, watch out.. and they will.
Fast: He does wear expensive suits though.
Pumps – large aspirations no doubt, but where are the killer new products from hundreds of new programs?
It is very far from reaching break-even profitability and are burning though the cash from the SPAC merger in 2021. $1.6 billion Poof and it’s Gone….
$1.6 billion Poof and it’s Gone….
60 billion to Ukraine. Poof and it’s Gone….
Very Stable: You did not answer my question from the other day. So, I will ask you again, are you in favor of paying back the young people who have paid off their loans and or are still paying them. A simple yes or no answer is all that’s required.
Their average debt relief is $25,500+ and average household income is $312,000+. With that household income, if you haven’t paid of your loans, it’s because you refuse to. Glad the plebs could help them out with the Audi payments.
I was talking to a guy I graduated high school with who was at the bottom of our class. He’s now Assistant VP of flipping pancakes at the local IHOP after going in and out of jail and drug rehab over the years. Anyway, he was invited to the technology day event at Nate’s Food Co. (NHMD) where they showed off their new turbocharged “Batter Blaster” pancake in a can technology. He thinks he’s going to have to retire from pancake flipping because the batter-blaster “blows away” his own batter ladling techniques. “It’s going to make me obsolete the way driverless trucks have killed the truck drivers” he lamented. “My only choice now is to load up the truck on NHMD stock to hedge my career risk.”
I heard he was only working at IHOP for the Boysenberry Syrup.
Do you understand all biotech companies are hurting in this economic environment? Do you get it? How are they supposed to be blowing up right now in this environment when their customers are f/ing trying to survive instead of taking risks with a company like DNA. It will change….they are still getting a bunch of companies to work with them in this dire climate. They have big names working with them. Open your eyes, or be negative….this company is the future…going to take time.
Look at those evaluations and all that money they got when times were good in biotech….that’s a taste of what is to come. You think all those people were idiots that funded the initial evaluations….the economic climate changed….rates went through the roof…why can’t any of you understand this? Instead yell scam. Get real.
Juice Box says:
April 18, 2024 at 11:47 am
Pumps – large aspirations no doubt, but where are the killer new products from hundreds of new programs?
It is very far from reaching break-even profitability and are burning though the cash from the SPAC merger in 2021. $1.6 billion Poof and it’s Gone….
rightwingers don’t like college people because the highly educated votes democrat
The analyst predicted housing supply will ramp up as the elderly relocate
Meanwhile, men disinterested in families will cause demand to fall
Single women now make up an increasing proportion of American homebuyers
A financial analyst nicknamed the ‘Oracle of Wall Street’ has said a ‘growing crisis of the young American male’ will cause house prices to fall as much as 30 percent.
Meredith Whitney, who earned the title after predicting the financial crisis of 2007 – 2008, suggested young men increasingly living with their parents and disinterested in starting families will drastically reduce housing demand.
12:55 and all the Congress Critters Thank YOU for their unpaid Covid loans.
Donald Trump’s main 2024 White House campaign fundraising operation sharply increased spending at the former president’s properties in recent months, funneling money into his businesses at a time when he is facing serious legal jeopardy and desperately needs cash.
Trump’s joint fundraising committee wrote three checks in February and one in March to his Mar-a-Lago club in Palm Beach, Florida, totaling $411,287 and another in March to Trump National Doral Miami for $62,337, according to a report filed to the Federal Election Commission this week.
Federal law and FEC regulations allow donor funds to be spent at a candidate’s business so long as the campaign pays fair market value, experts say. Trump has been doing it for years, shifting millions in campaign cash into his sprawling business empire to pay for expenses such as using his personal aircraft for political events, rent at Trump Tower and events at his properties, which has included hotels and private clubs.
rightwingers don’t like college people because the highly educated votes democrat
What’s your degree in?
BRT
I think VSG’s degree is in trollism with a minor in douchebaggery.
…because the highly educated votes democrat
“I’ll take ‘Oxymorons’ for $1,000, Alex.”
I don t care for bags of douches.
Very Stable Genius says:
April 17, 2024 at 4:28 pm
Grim – I just noticed your Hat Tip to ChiFi for todays lead article.
But it was me who first pointed that article yesterday.
Please acknowledge.
You poor little baby , I just wanted to make sure you were acknowledged. Wouldn’t want you to be sulking and pouting. Just like a women you need to be told you are needed, but you aren’t sweetheart. Nothing but an obnoxious Troll… and a women.
“The rich valuation was reflective of low rates and the expectation that they would continue.”
Nooooo….the valuation was priced to match the founders’ egos….which is why they went SPAC because notwithstanding the hugely juicy IPO fee that would have accompanied a proper underwriting even the whores at GS, MS, and JPM could not get there…because they knew down 92% would be the outcome…and did not want their name attached. So DNA went with a blank check company who literally does not care because their shares are effectively carry [free] and so the SPAC would give them the totally unsupportable valuation management sought.
“Do you understand that they are trying to become the R & D for companies?”
This will not happen. Big Pharma is not going to broadly outsource its R&D…R&D is the reason they exist. Not to mention confidentiality issues of putting it with a third party.
Well, put it this way. If i would have talked to you in 2019 about ginko going public and getting a 10 billion evaluation….you would have said impossible. Yet, they made it happen. Let’s see what they do long-term before you write them off.
On the issue of R & D, money talks and bs walks. If they make it much cheaper and efficient than doing it in-house, guess what companies are going to do. Aka what do you think their partners are doing right now…bayern dude…what do you think their partnership is based on? And get this…every single day, gingko is becoming more efficient and cheaper. That’s the scary part…and how big they can become.
Every single day, they are getting more data.
Every single day, they are becoming more efficient at using said data.
Every single day, AI computing becomes stronger and faster. Aka their models get stronger and faster with each passing day.
You are underestimating innovation. You really are. I don’t care about current price…they are not a profitable company in this environment. This does not mean they are a bad investment long-term. It means there is opportunity…not like company isn’t improving each quarter.
Oopsy. Monkey Branching agent. Hehe
https://www-nbc4i-com.cdn.ampproject.org/v/s/www.nbc4i.com/news/local-news/chillicothe/ohio-tax-agents-targeted-a-business-owner-over-wifes-affair-inspector-general-says/amp/?amp_js_v=0.1&_gsa=1#webview=1&cap=swipe
Jim don’t like wimmen? First Phoenix now you??
See article above….
Gas prices back to $3.50 per gallon for regular, $4 coming up. Mortgage rates back up, wages vs. headline inflation getting hammered, protests against Israel growing violent, terror cells crossing the southern border, the Ukraine drain still in full tilt… how can this administration run on anything positive? It’s one fuck up after another.
This administration reminds me of the Ray Handley era with the Giants. Rod Rust was the defensive coordinator and was running the ‘read and react’ defense which is the sports equivalent of symbolism over substance or print, tax and spend. Handley garnered zero respect from the team. It was so bad that Pepper Johnson was calling plays from the Parcells era and ignoring anything from the bench. The whole defense complied with Johnson.
This is the O’Biden administration. Our allies, especially Israel, have stopped coordinating with the vegetable’s regime and making moves on their own. Even NATO is turning a blind eye to the freak show that has become the U.S. of A. Little by little, we’ve replaced qualified people in the name of DEI. Now, we have gender and raced-based appointments using their positions for payback, resentment and revenge. Practically no one is calling them out are taking them to task for fear of being called a rac1st or a threat to democracy. What a fucking mess. Make no mistake about it though, they’ve already got 500,000 votes stored away in Philadelphia ready to be used accordingly. It’ll come down to the state of PA and they’re not about to give it up.
“they’ve already got 500,000 votes stored away in Philadelphia ready to be used accordingly”
Where exactly are they stored?
Fast Eddie says:
April 18, 2024 at 6:37 pm
“This administration reminds me of the Ray Handley era with the Giants”
Good analogy, Ed. With SlowJoe running the show this country is truly Handley-capped!
Where exactly are they stored?
Same place they stored the last 500,000. 3:00 AM, the count for Trump becomes frozen, windows are papered over and the ticker for the vegetable looked like the national debt clock. They didn’t even bother to make it look close. DEI at its finest, the revenge tour in full swing, constitutional fundamentals stepped on like that cunt Megan Rapinoe stepping on the American flag.
The dark secret of capital gains tax during inflation—it taxes you for gaining nothing:
If you have $400k in retirement assets, and 25% more money is “printed”, your assets are now worth $500k, but you are no richer. The dollar just became 25% less valuable.
Although you are no richer, you will be taxed as if you made $50k-$66k (in Canada). You really made $0. You just became poorer and experienced no upside. This is an effect that can impact every middle class person saving for retirement, owning a cottage, running a small business, owning startup stock options etc.
Canada is a mess right now…
Bystander,
Dickie Betts, RIP.
I’m sensing a trend in “return-to-office” so far this month.
(The upgrade is BMO) $SLG #RTO #NYC
Link:
https://x.com/carlquintanilla/status/1780972997018353890?s=46
Any thought on Hulu or Sling TV, and downsides?
Gary,
You do realize, they papered over the windows because a whole bunch of maga morons were protesting outside driving the election board people insane. They can’t generate votes. This is not Russia and election boards take a lot of pride in the accuracy of our elections. You do realize, they risk 2-12 years in prison and a class D felony charge for tampering with the election. That’s an awful lot of risk to take especially considering the system of checks and balances is so incredibly thorough, it’s nearly impossible to get away with it, evidenced by so many attempted tamperers ending up in jail.
MAGAs only real evidence of election fraud in 2020 was that their leader lost.
“There were over 60 court cases where judges, including judges appointed by President Trump and other Republican presidents, looked at the evidence in many cases and said there is not widespread fraud.”
But since there was paper on the windows, they must have cheated!
So pissed. The $4,000 high-end TV I purchased in August of 2020 just died! Won’t turn on. I checked Reddit and tons of people who bought this model said it died prematurely. No more Sony large screens for me. I did the research and they are not worth fixing. I need a 77″ to fit my spot, so I think I’m going with an $1800 Samsung QN77S89C this time around. Consumer Reports and other reviewers rated it really highly and I’ve never had a Samsung TV break on me.
Lib,
LG G series has been flawless for me. Bought two of them. I am a minimalist, but the things I value, I don’t cheap out on.
https://www.cnet.com/tech/home-entertainment/lg-g3-oled-tv-review-the-new-picture-quality-champ/
Sony is supposed to be quality…sorry to hear. Prob just bad luck based on brand reputation. Negative reviews are dangerous to go by as they are anecdotal.
LAX says:
April 18, 2024 at 5:52 pm
Jim don’t like wimmen? First Phoenix now you??
Sorry Essex it went right over your head not surprised, I dislike ignorant trolls. I love women always will.