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,...
Banks’ Funding Questions Aren’t Going Away
Even banks need to go to the bank sometimes. With the Federal Reserve both raising interest rates and seeking to reduce the size of its...
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...
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...
‘Buyers of a median-price home are looking at a monthly mortgage payment that is almost 50% higher than it was a year ago.’ The 30-year mortgage rate dips slightly to 5.1%
The interest rate on the country’s benchmark mortgage product edged downward for the first time since early March, but that doesn’t mean the housing market...
Decade-High Mortgage Rates Pose Threat to Spring Housing Market
U.S. housing sales are heating up again this spring, but the highest mortgage rates in more than a decade threaten to cool the sales pace...
Interest-Rate Surge Ripples Through Economy, From Homes to Car Loans: WSJ
The market is finally getting the message that the era of cheap money is ending. Just look at mortgage rates. At the beginning of 2022,...
U.S. Housing Wealth Skewed Even More Toward Affluent Over Past Decade
The past decade’s booming residential real-estate market has enriched almost every U.S. homeowner, but the gains have largely benefited the wealthiest, a new analysis shows....
That Vacation Home Listed on Airbnb Might Be Owned by Wall Street
Investment firms are buying up more vacation homes, aiming to cash in on growing demand from tourists and remote workers. Most vacation-rental homes are owned...
Shoppers Are Caught Off Guard as Prices on Everyday Items Change More Often
Everyday items, from grocery staples to home décor, are being priced more like airline tickets and gasoline, where the sticker prices can move frequently within...