As the 30-year, fixed-rate mortgage hit 7.67% for the week ending Oct. 6, mortgage applications remained near historic lows. However, an uptick in adjustable-rate mortgage (ARM) applications edged total applications up slightly. Mortgage applications picked […]
Fall’s lower temperatures come with slower home sales — particularly as high interest rates cast a chill in the air. But according to a new Realtor.com® report on America’s Hottest Housing Markets of August 2023, […]
Mortgage rates kept climbing this week as spreads on the 10-year Treasury yield widened, reaching a 16-year high. Freddie Mac‘s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down […]
The cost of financing a home surged again this week as the average long-term US mortgage rate climbed to its highest level since December 2000, further dimming the affordability outlook for many would-be homebuyers. The […]
Mortgage interest rates rose again last week, reaching the highest level in nearly a quarter century and further sidelining mortgage borrowers. The Mortgage Bankers Association (MBA) reported that its Market Composite Index, a measure of […]
NEW YORK, Aug 23 (Reuters) – A recent spike in U.S. bond yields has come alongside muted expectations for inflation, a sign to some bond fund managers that economic resilience and high bond supply are […]
One year on, the Inflation Reduction Act has sparked a green revolution in the US. Tax breaks have seen a surge in sales of electric vehicles and heat pumps. The World Economic Forum’s Future of […]
As policy ideas go, the minimum wage has had a great run of it. Productivity might have been disappointing after the financial crisis, average pay growth might have been weak, but the minimum wage was […]
“The construction and real estate industries represent around 30% of China’s economy. A steep drop in Chinese demand from a real estate-based economic downturn could cause South Korea’s growth rate to fall by as much […]
Washington, DCCNN — The Federal Reserve has raised interest rates to their highest level in 22 years in an aggressive bid to curb inflation, and there’s a chance that more rate increases may still be on tap if […]
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