Mortgage demand drops to a 25-year low, as interest rates climb
Mortgage demand, which has suffered four straight months of declines, fell last week to the lowest level since 1997, as interest rates continued to rise....
Home asking prices tumble at record pace as mortgage rates surge
Home sellers are slashing their asking prices at a record clip as surging mortgage rates drive a downturn in the US housing market, according to...
Mortgage refinancing drops to a 22-year low
Mortgage rates drove even higher last week after the Federal Reserve signaled it would continue its aggressive action to cool inflation. That, and rising uncertainty...
Carl Icahn to investors: ‘The worst is yet to come’
Wall Street icon Carl Icahn has a warning for his fellow investors: “The worst is yet to come.” Speaking on Wednesday at MarketWatch’s Best New...
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,...
1st Look at Local Housing Markets in August, Sales and New Listings Down Sharpy Year-over-year
by Calculated Risk on 9/09/2022 08:26:00 AM Today, in the Calculated Risk Real Estate Newsletter: 1st Look at Local Housing Markets in August A brief...
Citi expands program to increase homeownership in diverse communities
Peopleimages | Istock | Getty Images Citi is expanding a program to encourage homeownership in diverse communities, as part of a new set of initiatives...
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...
Homeowners lose wealth as rising interest rates weigh on home values
A “For Sale” sign outside a house in Albany, California, on Tuesday, May 31, 2022. David Paul Morris | Bloomberg | Getty Images Some homeowners...
Housing correction is ‘dead ahead,’ warns economist Mark Zandi
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Mark Zandi, Moody’s Analytics chief economist, on whether the housing market is...