Morningstar, Inc. - October 16, 2025
Why Mortgage Rates Might Not Keep Falling
Plus, the best dividend-paying stocks to buy today.
Morning DigestOctober 16, 2025 Sarah Hansen The Fed is cutting interest rates, but analysts expect mortgage rates to remain relatively steady at around 6% in 2026. Editor's Picks An investor and policymaker emphasizes the importance of alternative strategies in an uncertain macro environment. Dan Lefkovitz Shifts in capital formation are affecting public stock and bond markets. Dan Lefkovitz Semiliquid funds can falter fast when markets shift due to leverage and limited liquidity. Robby Greengold Investing Insights Key takeaways for fund and ETF investors. Daniel Sotiroff, Eugene Gorbatikov Revamp your bond portfolio with these exchange-traded funds. Lan Anh Tran Recent Earnings New Stock Analyst Reports Progressive's (PGR) third-quarter results remain quite strong, but there are signs that results might start to weaken a bit going forward. Progressive continues to enjoy tailwinds across its business, which has led to an outsize return on equity of 36% over the past 12 months. The company appears to still be taking share, but the rate of growth has moderated over the past couple of quarters. We appreciate the company's current strength and expect tailwinds to persist in the near term, but we see some signs of a weakening market picture. Based on results from Progressive and peers, we think pricing increases have dissipated, and pricing may be starting to decline. New Fund Analyst Reports Vanguard Global Equity’s (VHGEX) trio of subadvisors is well-resourced with strong investment processes, making the strategy a solid choice for core global equity exposure. The Tools You Need to Invest Like an Analyst |





