According to Freddie Mac, rising mortgage rates and house price appreciation will continue driving a slowdown in the single-family purchase market. The Federal Reserves action to help manage inflation has created significant volatility in mortgage rates and, by extension, the housing market, said Sam Khater, Freddie Macs Chief Economist.
Risk Strategies, a leading national specialty insurance brokerage and risk management firm, today announced it has acquired Bonds, Inc., a specialist in surety bonds focused on the construction industry. Terms of the deal were not announced. Located in Hunt Valley, Maryland, Bonds, Inc. was founded in 1996 by its current President Michael Shaver.
Ark Invest, led by Tesla Inc. bull Cathie Wood, on Monday, limited its purchases to mostly healthcare stocks and some autonomous technology and robotics companies, daily trade information from the hedge fund showed. What Happened: Ark through its ARK Autonomous Technology & Robotics ETF purchased 76,805 shares of Kratos Defense & Security Solutions, Inc. , valued at about $998,465.
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