Mortgage rates climb above 6%, first time since 2008
The average interest rate for a 30-year fixed mortgage is now about 6% for the first time since the financial crisis, more than double what it was a year ago.
Scott Wren: We're losing buying power everyday
Wells Fargo Investment Institute senior global market strategist Scott Wren discusses jobless claims, headwinds for the housing market and the Fed's handling of inflation.
Average interest rate for 30-year fixed-rate mortgage hits 6% for first time in 14 years
The average rate for 30-year fixed mortgages reached the 6%-mark for the first time in 14 years, according to the most recent Mortgage Bankers Association survey.
TD Bank joins others in offering special purpose credit programs to homebuyers
More banks have started offering special purpose credit programs to help homebuyers cover down payments and closing costs.
Tappable home equity rises to a new record high
Homeowners have more access to cash through their house as home prices rise. Here's how to access yours.
Restoration Hardware dives into hotel business
RH, previously Restoration Hardware, joined the hotel business this week by opening a boutique hotel, RH Guesthouse, in New York City's Meatpacking District.
Zero percent mortgages hitting Main Street
Zero down-payment mortgages and similar programs appear to have recently been gaining traction on Main Street.
Mortgage rate savings still possible despite highest levels in 14 years
30-year mortgage rates closed in on 6% last week, reaching the highest level in 14 years.
The housing market will continue to ‘slump’ for the remainder of 2022: Redfin chief economist
Daryl Fairweather, chief economist at Redfin, discusses the current landscape of the housing market as reports reveal that homes are selling for less than their asking price on ‘Varney & Co.’
Florida housing market seeing building prices drop, mortgage rates rising: Sen. Scott
Sen. Rick Scott, R-Fla., discusses Florida's housing sector and responds to Hillary Clinton, President Biden and other Democrats’ rhetoric against Republicans ahead of midterm elections.
Mortgage rates reach highest level since 2008
Mortgage rates rose again this week to their highest level since 2008, approaching 6% as the Federal Reserve prepares more rate hikes, Freddie Mac says.
Portland’s homeless crisis has residents ‘picking somewhere else’ to live, realty broker says
As Portland residents flee the city over rising crime and residential homeless camps, Dwell Realty broker George Patterson says houses are selling "for slightly less" amid the crises.
Portland homes ‘sell for slightly less’ due to homeless camp ‘problem’: Realty broker
Dwell Realty broker George Patterson on the difficulties around finding homebuyers amid Portland’s homeless crisis.
Portland’s homeless crisis ‘changing circumstances’ within housing market: Realty broker
Dwell Realty broker George Patterson says Portland residents are ‘full of concerns’ regarding homeless camps growing in residential neighborhoods.
Fed’s interest rate outlook drives mortgage rates up
Rates for the 30-year mortgage rose last week as the market braces for more Federal Reserve action to beat inflation, according to Freddie Mac.
As mortgage rates climb, loan demand, refinancing drops
The housing industry is seeing the effects that higher mortgage rates are having. The average rate on the 30-year fixed mortgage is 5.66% this week, up from 5.55%.
This is the silver lining for buyers in today's market: Economist
Realtor.com chief economist Danielle Halle weighs in on mortgage rates climbing to their highest levels since mid-July, pressuring the already cooling housing market on 'Maria Baltiromo's Wall Street.'
Oak Street in $2B bid for Kohl's real estate
Just as Bed Bath & Beyond did, this struggling retail giant is looking for a new buyer to liquidate its real estate assets to improve its financial situation.
Inflation hits these renters the hardest
Millennials and Gen Zers are getting hit even harder with inflation due to high asking rents. Although rent growth has slowed its still significantly higher than a year ago.
Redfin CEO on home sales dropping: We’ve created a ‘landlord nation’
Redfin CEO Glenn Kelman analyzes the housing sector after report shows a drop in home sales and an increase in rental properties due to rising rates and supply chain disruptions.