Controversy Continues Over Whether Hot Water Freezes Faster Than Cold

Space was limited in the students’ refrigerator, and in the rush to nab the last available ice tray, Mpemba opted to skip waiting for his boiled-milk-and-sugar concoction to cool to room temperature like the other students had done. An hour and a half later, his mixture had frozen into ice cream, whereas those of his … Read more

Mortgage Rates Are Rising Much Faster than Treasury Yields. What’s the Deal?

1648166090 728 Mortgage Rates Are Rising Much Faster than Treasury Yields Whats

Is this spread heading to what happened in the 1970s and 1980s when the Fed battled blow-out inflation? By Wolf Richter for WOLF STREET. The average 30-year fixed mortgage rate tracks the 10-year Treasury yield, running roughly in parallel but higher. It tracks the 10-year yield because the average 30-year mortgage gets paid off in just under 10 … Read more

Mortgage rates are surging faster than expected, prompting economists to lower their home sales forecasts

Mortgage rates are surging faster than expected prompting economists to

A home is offered for sale on January 20, 2022 in Chicago, Illinois. Scott Olson | Getty Images The average rate on the popular 30-year fixed mortgage hit 4.72% Tuesday, moving 26 basis points higher since just Friday, according to Mortgage News Daily. As a result of the recent spike in rates, economists are now … Read more