More options for a $1 million mortgage. Why people worry about yield curve inversions. Secrets to keeping wealth.
Home buyers could soon get $1 million mortgage with 3% down (Wall St. Journal)
New mortgage caps from Fannie Mae and Freddie Mac should help more people achieve the American dream.
A popular recession indicator is flashing bright red. Should we worry? (Carson Group)
I like this article because it does a nice job explaining what a yield curve inversion means. It also takes a look at its historical accuracy and then makes the case as to why it may not be such a great predictor of recession for the current environment.
As accurate as this signal has been, one thing I’ve learned about the economy and markets is not to place too much emphasis on one measurement. However, I’ve also learned to be wary of people who say ‘this time is different’. Time will tell if this recession indicator is correct.
Getting wealthy vs. staying wealthy (Morgan Housel)
An interesting read about how keeping wealth requires different skills than accumulating it.
Amateurs sit and wait for inspiration, the rest of us just get up and go to work.Stephen King