Mortgage Rates

Good Luck Buying That House

Oh, you want to buy a house? The bad news is that right now, you would pay a historically high price for a home, and as of today, you’d also hand over more money in interest for the privilege to do so — a whopping 5 percent, on average.

Wall Street Set for Worst Quarter Since Pandemic Crash of 2020

U.S. stocks edged lower on Thursday on worries about the raging conflict in Ukraine and the outlook for U.S. interest rate hikes, putting the main indexes on course for their worst quarter since the pandemic crash in 2020.

U.S. Existing-Home Sales Reached a 15-Year High of 6.1 Million Last Year

Housing economists expect the market frenzy to subside in 2022 as mortgage rates rise

Economy at Tipping Point

It had to happen.

The Federal Reserve Keeps Buying Mortgages

Runaway house price inflation continues to characterize the U.S. market. House prices across the country rose 15.8% on average in October 2021 from the year before. U.S. house prices are far over their 2006 Bubble peak, and remain over the Bubble peak even after adjustment for consumer price inflation.

One homebuilding giant is turning down orders due to red-hot demand

Red-hot demand for houses sounds like great news for homebuilders. But builders aren’t as thrilled as you might expect, and one builder is actually turning down orders.

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