2 Question Tuesday – 01/21/2025 – What Affect Will the California Fires Have on the Insurance Industry and Stock Market? Will Rising Mortgage Rates Hurt the Stock Market?
Welcome to 2 Question Tuesday. This week’s client submitted questions were:
- What affect will the California fires have on the insurance industry and stock market?
- Will rising mortgage rates hurt the stock market?
Phil, Mike, and Larry talk about the California wildfires and what affect this will have on the American insurance industry and the stock market. They then discuss the average interest rate on a 30-year fixed-rate mortgage, which hit 7% last week, an eight-month high, after rising for five weeks. They address how this is squeezing would-be homebuyers already facing rising house prices and limited supply and what affect this will have on the financial markets.
Submit your questions to question@2questiontuesday.com
As always, if you have any questions at any time, please feel free to call your adviser directly at (845) 691-4035.