Mortgage Rates

New Home Sales Rise for Third Straight Month as Mortgage Rates Fall

Sales of new U.S. homes rose for the third straight month in December as high mortgage rates continued to decline, offering some relief for prospective homebuyers.

Double-Digit U.S. Home Price Growth Streak Skids to an End

Annual price growth in the increasingly fragile U.S. housing market slid into the single digits in October for the first time in about two years when mortgage rates that month surged above 7% and further stifled demand, a pair of closely watched surveys showed on Tuesday.

The Pain Isn’t Goin’ Away: Inflation Cost Households an Extra $10K

Inflation is over, the administration crows, even as Congress works to pass another massive spending bill — this time, $1.7 trillion.

More Than 40 Percent of Americans Expect the Housing Market to Crash Next Year

A lot of consumers have a very gloomy outlook about the market due to news of mass layoffs, high inflation, and rising credit card debt, according to a new survey that shows 41 percent of Americans believe the housing market will crash next year.

Americans Now Need a Six-Figure Salary to Afford a Median-Priced Home

Homebuyers in the United States must earn six-figure salaries in order to afford a median-priced home, according to an analysis from real estate brokerage Redfin.

California Faces $25 Billion Budget Deficit, Could Be Worse if Recession Hits

California could face a $25 billion budget deficit in 2023–24, despite raking in a record-setting $98 billion budget surplus this year, according to an analysis that comes days after midterms election, in a state where the Democratic party enjoys a supermajority.

Americans Look For Inflation-Proof Investments as Financial Situations Deteriorate Ahead of Mid-Term Elections

It seems that every day continues to bring more bad news about the future of the economy and the state of Americans’ financial health.

Will the Housing Market Collapse Next?

The U.S. housing market continues to stumble as rising interest rates reduce the demand for mortgages and make homes more difficult to sell.

NELLES: Will The Housing Market Collapse Next?

THERE'S A LOT OF CONCERN OUT THERE, AND RIGHTLY SO. BUT IT MIGHT BE SAFER TO STAY PUT FOR NOW.

U.S. Home Prices Drop at Fastest Pace Since 2009

Home prices in the U.S. are sinking at the fastest monthly pace since the Great Recession, evidence that rising mortgage rates are rapidly slowing activity in the housing market.

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