Mortgage rates shoot to 2-month high after hot inflation report
A “For Sale” sign outside a house in Albany, California, on May 31, 2022. David Paul Morris | Bloomberg | Getty Images Mortgage rates shot higher Friday after a monthly…
Housing market is painful, ugly, anxious with 8% high rate
Today’s housing market is a toxic mix of high mortgage rates, high prices, tight supply and strangely strong pent-up demand — and it’s scaring off buyers and sellers alike. Prices…
September home sales drop to lowest level since the foreclosure crisis
A townhouse for sale in the Upper East Side neighborhood of NYC. Adam Jeffery | CNBC Sales of previously owned homes dropped 2% in September from August to a seasonally…
Housing industry urges Powell and Fed to stop raising interest rates
New homes under construction in Miami, Florida, Sept. 22, 2023. Joe Raedle | Getty Images Top real estate and banking officials are calling on the Federal Reserve to stop raising…
Bond yield jump is not death to equities: BofA’s Savita Subramanian
The latest jump in Treasury yields is not “death to equities,” BofA Securities’ Savita Subramanian told CNBC’s “Fast Money” on Tuesday. In fact, Subramanian sees the bond move as a…
Millions pushed toward the brink of insolvency
U.K. Prime Minister Rishi Sunak conceded shortly after the BOE’s rate hike that the government’s mission to halve inflation to 5% by the end of the year had recently become…
Commercial real estate firms join to recruit Black student-athletes
Cedric Bobo discusses a new program for Black student-athletes to transition into the commercial real estate market. Diana Olick | CNBC When Darius Livingston graduated from the University of California,…
Mortgage demand drops again as rates cross back over 7%
Contractors work on concrete slabs in the Cielo at Sand Creek by Century Communities housing development in Antioch, California, on Thursday, March 31, 2022. David Paul Morris | Bloomberg |…
How the US is subsidizing high-risk homebuyers — at the cost of those with good credit
A little-noticed revamp of federal rules on mortgage fees will offer discounted rates for home buyers with riskier credit backgrounds — and force higher-credit homebuyers to foot the bill, The…
Homebuyers’ mortgage rate tipping point is artificially low
Today’s homebuyers are exceptionally sensitive to mortgage rates with house prices so high — and they’ve found their tipping point. After years of government intervention following the great recession and…