Weekly Update 12/27/2022

Your Weekly Update for Tuesday, December 27, 2022.

Beacon Rock Wealth Advisors is a dba of BR Capital, Inc. a financial planning and registered investment advisory firm in Camas, Washington. We are always available to answer your finance questions. Give us a call at (800) 562-7096 or send an email to [email protected].

If you or someone you know is worried about retirement, send us an email or give us a call for a no-obligation Retirement and Social Security Analysis.

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Have a great week!

Mike Elerath
[email protected]

Bill Roller
NMLS #107972
[email protected]

For more information about Beacon Rock Wealth Advisors, check out our brochure here:  https://beaconrwa.com/wp-content/uploads/2020/04/BeaconRockBrochure.pdf

Click on the image and go to https://vimeo.com/784436261 to see the weekly video in which Mike Elerath, Bill Roller, and Keller Williams Realtor Michael Harding discuss the financial markets and real estate.

Weekly Videoi

It was a mixed pre-holiday week on Wall Street last week. The Dow Jones Industrial Average rose 0.86% to 33203.93 while the S&P500 ended down 0.20% to 3,844,82. The Nasdaq Composite fell 1.94% to 10,497.86. The annual yield on the 30-year Treasury rose a whopping 29.40 basis point(s) to 3.827.

It is a quiet week for economic news. Look for our usual analysis next week. Have a happy and prosperous 2023.

Mortgage Rates

“Heading into the holidays, mortgage rates continued to move down,” said Sam Khater, Freddie Mac’s Chief Economist. “Rates have declined significantly over the past six weeks, which is helpful for potential homebuyers, but new data indicates homeowners are hesitant to list their homes. Many of those homeowners are carefully weighing their options as more than two-thirds of current homeowners have a fixed mortgage rate of below four percent.”

The 30-year fixed-rate mortgage averaged 6.27% as of December 22, 2022, down from last week when it averaged 6.31%. A year ago at this time, the 30-year FRM averaged 3.05%.

The 15-year fixed-rate mortgage averaged 5.69%, up from last week when it averaged 5.54%. A year ago at this time, the 15-year FRM averaged 2.30%.

Mortgage Rates

Freddie Mac made a number of enhancements to the Primary Mortgage Market Survey® to improve the collection, quality and diversity of data used. Instead of surveying lenders, the weekly results are now based on thousands of applications received from lenders across the country that are submitted to Freddie Mac when a borrower applies for a mortgage. Additionally, the PMMS® will no longer publish fees/points or adjustable rates.

Freddie Mac’s Primary Mortgage Market Survey® is focused on conventional, conforming, fully amortizing home purchase loans for borrowers who put 20% down and have excellent credit. Average commitment rates should be reported along with average fees and

points to reflect the total upfront cost of obtaining the mortgage. Borrowers may still pay closing costs which are not included in the survey.

Through our relationship with Prestige Mortgage Services Inc. dba Prestige Home Mortgage (NMLS#14216) in Vancouver, Washington we originate residential and reverse mortgages.

Selected Cryptocurrencies

Symbol Name Price 24h % 7d % Market Cap
BTC Bitcoin 16842.17 -0.07% 0.14% $324,135,521,226
ETH Ethereum 1218.77 0.02% 0.50% $149,162,287,995
BNB BNB 243.66 0.30% -2.32% $38,980,789,528
XRP XRP 0.3684 4.61% 7.16% $18,546,595,829
DOGE Dogecoin 0.07485 -1.09% 0.56% $9,930,680,732
ADA Cardano 0.2622 0.20% 1.26% $9,046,989,322
MATIC Polygon 0.8126 1.42% 1.36% $7,097,098,475
DOT Polkadot 4.53 0.48% -1.70% $5,208,340,505
LTC Litecoin 70.05 -0.68% 7.73% $5,037,842,165
TRX TRON 0.05422 -0.98% -0.34% $4,987,389,711
SHIB Shiba Inu 0.000008299 0.09% -1.04% $4,556,677,529
SOL Solana 11.11 -2.02% -10.08% $4,077,710,997
UNI Uniswap 5.26 1.48% -1.45% $4,009,273,185
AVAX Avalanche 11.73 0.29% -1.89% $3,655,890,542
LEO UNUS SED LEO 3.56 -1.54% -4.31% $3,394,516,333
WBTC Wrapped Bitcoin 16800.11 0.18% -0.11% $3,099,698,330

Information current as of 5:20 AM PST, Tuesday, December 27, 2022. Source: https://coinmarketcap.com/

Check us out at https://beaconrwa.com and our affiliated websites at https://reverse-mortgages.us and https://socialsecurityquestionsanswered4u.com.

Sources: Ryan Long, CFA, FocusPoint Solutions, American Association for Individual Investors (AAII), Associated Press, Barclays Capital, Bloomberg, Citigroup, Deutsche Bank, FactSet, Financial Times, Goldman Sachs, JPMorgan Asset Management, Marketfield Asset Management, Morgan Stanley, MSCI, Morningstar, Northern Trust, Oppenheimer Funds, PIMCO, Standard & Poor’s, StockCharts.com, The Conference Board, Thomson Reuters, T. Rowe Price, U.S. Bureau of Economic Analysis, U.S. Federal Reserve, Wall Street Journal, The Washington Post. Index performance is shown as total return, which includes dividends, with the exception of MSCI-EM, which is quoted as price return/excluding dividends. Performance for the MSCI-EAFE and MSCI-EM indexes is quoted in U.S. Dollar investor terms.

The information above has been obtained from sources considered reliable, but no representation is made as to its completeness, accuracy or timeliness. All information and opinions expressed are subject to change without notice. Information provided in this report is not intended to be, and should not be construed as, investment, legal or tax advice; and does not constitute an offer, or a solicitation of any offer, to buy or sell any security, investment or other product. FocusPoint Solutions, Inc. is a registered investment advisor.

Notes key: (+) positive/encouraging development, (0) neutral/inconclusive/no net effect, (-) negative/discouraging development.