Recession Fears Hit Risky Mortgage Debt Amid Default Concerns
Markets Finance Faltering home prices are hurting investors’ demand for junk-rated mortgage securities sold by housing giants Fannie and Freddie [ad_2] Source link...
As Mortgage Rates Top 6%, More Borrowers Choose Adjustable-Rate Loans
Mortgage rates surged past 6% this week, pushing already pricey homes further out of reach for many borrowers. Discouraged buyers might choose to hold off,...
Why recent homebuyers have regrets about their purchases
A ‘for sale’ sign hangs in front of a home on June 21, 2022 in Miami, Florida. According to the National Association of Realtors, sales...
The Bursting Chinese Housing Bubble Compounds Beijing’s Economic Woes
China’s deflating property bubble is imperiling the world’s second-largest economy with effects that could ripple for years. Home prices are dropping in many cities after...
Home Sellers Cut Prices as Housing Market Cools
Listen to article (1 minute) There are a lot of unhappy people in the housing market right now. Among the most miserable are sellers realizing...
Opinion: The Fed’s inflation promises are simply not credible
With inflation running high for the last 14 months, we can sadly conclude it’s entrenched, will be difficult to conquer and is hardly the province of...
Home builders slash prices and slow construction as buyers pull back, survey shows
Home builders are feeling jittery. That’s according to a June survey of home builder sentiment by John Burns Real Estate Consulting. Demand for new homes...
The U.S. housing market is teetering on recession. Will the economy soon follow?
The last time the housing market suffered a major meltdown in 2006, it took the entire U.S. economy with it. But history never follows the...
Even Deep-Pocketed Buyers Are Starting to Back Away From the U.S. Housing Market
Two years ago, Austin real-estate agent Amy Deane, of Moreland Properties, was working with so many wealthy out-of-state buyers that she showed one $15 million...
‘The pandemic boom in home sales is over’: Mortgage rates soar to highest level since 2009 as the Fed pressures the housing market
Mortgage rates are skyrocketing thanks to the Fed, but buyers who can tough out this difficult, changing market will be rewarded. The 30-year fixed-rate mortgage...