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- Weekly Mortgage Rates Fall , But Fannie Mae Forecasts Higher Rates Ahead
Average 30-year fixed mortgage rates fell seven basis points to 7.34% APR in the week ending October 15, ending a seven-week streak of increases, according to rates provided to NerdWallet by Zillow. However, on October 12 Fannie Mae sharply raised its forecast, now expecting rates to average 7.4% in Q4 2026 and 7.5% in early 2027, versus earlier projections of 6.8% and 6.7%. Inflation rose 3.7% year over year in September, with gasoline up 9.1%, which briefly raised expectations of a Fed rate hike at its October 27-28 meeting before analysts projected a hold. For a $400,000 30-year loan, a 7.5% rate would raise the monthly payment to $2,797, compared with $2,581 at 6.7%, excluding insurance and taxes.
- Weekly Mortgage Rates Fall, But Fannie Mae Forecasts Higher Rates Ahead
Mortgage rates fell this week, ending a seven-week streak of increases. According to rates provided to NerdWallet by Zillow, the average 30-year fixed-rate mortgage APR dropped seven basis points to 7.34% in the week ending October 15. On October 12, Fannie Mae forecast average rates of 7.4% in Q4 2026 and 7.5% in early 2027, well above its previous forecasts of 6.8% and 6.7%, and noted that annual averages last reached this level in 2000. September CPI rose 3.7% year over year, with gasoline up 9.1%, raising odds of a Fed rate hike at its October 27-28 meeting, though expectations eased the next day as analysts projected a hold. The article notes that the slower homebuying season may give buyers more negotiating power on price.
- Weekly Mortgage Rates Fall, But Fannie Mae Forecasts Higher Rates Ahead
- Weekly Mortgage Rates Fall , But Fannie Mae Forecasts Higher Rates Ahead
The average 30-year fixed mortgage rate fell seven basis points to 7.34% APR in the week ending Oct. 15, breaking a seven-week streak of increases, according to rates provided to NerdWallet by Zillow. Fannie Mae, however, has sharply raised its forecast, now expecting rates to average 7.4% in the fourth quarter of 2026 and climb to 7.5% in early 2027, up from 6.8% and 6.7% last month. Inflation rose 3.7% year over year in September, driven by a 9.1% jump in gasoline prices, prompting traders to raise odds of a Fed hike at its Oct. 27-28 meeting. For a $400,000 loan, a 7.5% rate would mean about $2,797 a month, versus $2,581 at 6.7%, excluding insurance and taxes.
- Weekly Mortgage Rates Fall , But Fannie Mae Forecasts Higher Rates Ahead
- Weekly Mortgage Rates Fall , But Fannie Mae Forecasts Higher Rates Ahead
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- Iran warns US and Israel
Iran's Armed Forces Chief of Staff, Major General Ali Abdollahi, warned on October 18 that the US and Israel would face a far harsher response if they continue actions Tehran considers provocative. He said Tehran is awaiting their next moves and that Iran's armed forces remain ready for any scenario. Tehran accuses Washington and Tel Aviv of trying to weaken its government, and tensions have risen since earlier conflicts, including a 12-day war. Iran says it will not back down under external pressure.
- Is TC Energy (TRP) a Good or Bad Investment at Today's Multiple?
TC Energy trades at 21.19 times next year's expected earnings, closing at $61.74 on October 16 after a 1.5% return over 6 months, versus 10.5% for the Insider Monkey Billionaire Index and 9.3% for the State Street SPDR S&P 500 ETF Trust. The company operates natural gas transmission pipelines across Canada, the United States and Mexico, plus power generation, with a 44.25% operating margin, and latest-quarter earnings rose 18.00% on revenue up 5.70%. The article flags risks including debt at 170.37% of equity, the loss of crude oil pipelines to South Bow in 2024, and volumes that depend on North American gas demand from power and LNG exports. A 4.01% yield is cited as income while the market decides whether the stable business justifies the multiple relative to its growth.
- Should You Buy This Trump AI Stock Ahead of Earnings?
Microsoft (MSFT) reports quarterly results on October 28 and ranks eighth in Trump's latest stock portfolio, after Trump bought the stock five times in August. Bulls point to Azure growth of 43% last quarter, with management expecting about 45% in the current quarter, and to demand that exceeds available computing capacity. Bears cite rising capital spending that Deutsche Bank says could push free cash flow close to breakeven in fiscal 2027, about two-thirds of spending going to short-lived equipment such as chips, and OpenAI making up about 45% of the commercial backlog in the December quarter. The stock trades at 26.75 times forward earnings, a 27% premium to the sector median of 21.01 but 12% below its own five-year average of 30.47, with a PEG ratio of 1.70 versus a sector median of 1.14. The article concludes that investors pay more than for the average tech stock but less than they usually pay for Microsoft.
- What Is Williams' (WMB) Economic Moat, and Is It Steel or Permits?
Williams (WMB) closed at $71.28 on October 16, with a 0.5% return over 6 months, compared with 10.5% for the Insider Monkey Billionaire Index and 9.3% for the State Street SPDR S&P 500 ETF Trust. The article argues its main advantage is the Transco pipeline, which runs from the Gulf Coast up the eastern seaboard, where several attempts to build new pipe have been abandoned after failing to win approvals. A 39.54% operating margin and 21.50% return on equity are cited as evidence of this advantage, although revenue rose only 7.80% last quarter. Limits noted include debt at 200.37% of equity, rules that also restrict Williams' own growth, and a price of 26.81 times expected next-year earnings. The dividend yields 2.95%.
- Marvell Jumps 6% as GF Securities Says Google Chip Delay Won’t Dent Its Position; Broadcom Rises 3%
Marvell shares rose 6% to $241.27 in afternoon trading after a reported delay in Google's next TPU chip, while Broadcom gained 3%. GF Securities analyst Jeff Pu said the delay does not change Marvell's medium- to long-term position in Google's chip supply chain. Marvell reported Q2 FY2027 revenue of $2.74 billion, up 36.5% YoY, with its Data Center segment at $2.17 billion, or 79% of revenue. Google can acquire up to 7% of Marvell shares under a warrant tied to revenue targets, and management expects its custom business to more than double in fiscal 2028. Q3 revenue guidance is $3.15 billion, plus or minus 5%, with non-GAAP gross margin of 57.5% to 58.5%, and the article notes Marvell still needs to convert its Google programs into reported revenue.
- Is ONEOK (OKE) Cheap at 14 Times Next Year’s Earnings?
ONEOK (NYSE:OKE) closed at $93.31 on October 16 and returned 11.4% over six months, versus 10.5% for the Insider Monkey Billionaire Index. The stock trades at 14.49 times next year's expected earnings and yields 4.59%, and revenue rose 52.80% last quarter as the company grew through acquisitions. The article argues that much of this growth was bought rather than built, with only 13.25% of revenue remaining as operating profit and debt at 143.07% of equity. Because a large part of the business involves buying and reselling liquids rather than earning transport fees, the article views the discount as having a reason behind it. It concludes that investors should watch margins rather than revenue.
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