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Not Your Advisor
1% Down Mortgages are Back! 🎧 #516 (Aug 27)
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-5:52

1% Down Mortgages are Back! 🎧 #516 (Aug 27)

THERE IS NOTHING NEW ON WALL STREET. JUST THE PARTICIPANTS!
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Important legal disclosures

Client will be required to pay a 1% down payment, with the ability to pay a maximum of 3%, and Rocket Mortgage will cover an additional 2% of the client’s purchase price as a down payment, or $2,000. Maximum grant amount is $7,000. Offer valid on primary residence, conventional loan products only. Maximum loan amount of $350,000. Cost of mortgage insurance premium passed through to client effective January 2, 2024. Offer valid only for home buyers when qualifying income is less than or equal to 80% area median income based on county where property is located. Not available with any other discounts or promotions and cannot be retroactively applied to previously closed loans or loans that have a locked rate. This is not a commitment to lend. Rocket Mortgage reserves the right to cancel/modify this offer at any time. Additional restrictions/conditions may apply.


And did an important company report after close today?

All bets in. No more bets. NO MORE BETS PLEASE

As of August 27, 2025, Nvidia (NVDA) accounts for approximately 14.4% of the Nasdaq 100 index

It accounts for roughly 8% of the S&P 500

PS Your kids better learn to code for AI. Soon AI will Code for itself. But I am talking master of universe control the AI type coding.

20 somethings are going to get filthy rich, anecdotal conversation with neighbors.

Chart before the close

Chart after hours and after earnings…

4:25pm

Still very early. The call is scheduled for 2pm Pacific. 5pm NY

Nvidia beats on top and bottom lines as data center revenue surges 56%

  • Nvidia beat on earnings and revenue for the quarter and issued guidance for the current period that topped estimates.

  • Data center revenue soared 56% from a year earlier to $41.1 billion, accounting for 88% of total sales.

  • Nvidia said there were no sales of H20 processors to China-based customers in the period, but the company benefited from the release of $180 million worth of inventory to a client outside of China.

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