Benzinga – Good Morning Everyone!
Over half of US mortgages were originated in 2020 or later, including refinances.
Think anyone with a 3% mortgage locked in is going to sell anytime soon?
Prices as of 4 pm EST, 3/3/23; % YTD
MARKET UPDATE
This week
- Tuesday: Jerome Powell speaks at 10 a.m. – Senate panel
- Wednesday: Jerome Powell speaks at 10 a.m. – House Committee
- Friday: Nonfarm payrolls, unemployment at 8:30 a.m.
Market has priced in another 90 basis points in hikes
- That would take the Upper Bound from 4.75% to 5.65%
Crude 78.50 -1.2%
- China’s National People’s Congress forecast only 5% GDP growth
- CERA starts today (Cambridge Energy Research Associates), expect a lot of headlines
Earnings None
CRYPTO UPDATE
DeFi crypto funding
- DeFi attracted 41x more capital in 2022 than in 2020
- DeFi firms raised more than 3x raised in 2021
- Notable recent raises: Few and Far, Conflux, Avalon Corp, Term Finance, Insrt Finance, Impossible Cloud
SEC & Binance
- Official says Binance.US is operating unregistered securities exchange
- Think sale of VGX tokens by Voyager Digital also breaks laws
- Binance.US plans to buy Voyager (part of latter’s restructuring plan)
Crypto Fear & Greed
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