Who do you blame for high house prices? Nearly half of young Americans point their finger at the government

marketwatch.com As the cost of owning a home has skyrocketed over the last few years, some Americans are venting their frustrations by blaming the government for high housing prices. Nearly…

Calculate how much more mortgages will cost as interest rates rise

washingtonpost.com Warning: This graphic requires JavaScript. Please enable JavaScript for the best experience. Mortgage rates are at their highest point in over a decade, adding thousands in…

Elon Musk is wrong about a housing-market crash

businessinsider.com In May, Elon Musk tweeted his bearish outlook on US real estate market. Matt Cardy/Getty Images Elon Musk tweeted that US home values are set to plummet. Selma Hepp, the…

Commercial and multifamily mortgage delinquencies rose in the first part of 2023

edition.cnn.com Commercial and multifamily mortgage delinquencies increased in the first quarter of 2023, according to a new report from the Mortgage Bankers Association. “Ongoing stress…

Today's mortgage rates fall, pulling 15-year terms down to 5.625%

foxbusiness.com Based on data compiled by Credible, mortgage rates for home purchases have fallen across all key terms since yesterday. Rates last updated on June 1, 2023. These rates are…

Today's Mortgage Rates & Trends - June 1, 2023: Rates Fall Again

investopedia.com The 30-year mortgage average dropped 8 basis points on Wednesday, falling even further from what was estimated to be a 20-year high of 7.65% on Friday, May 26. Rates on…

US mortgage rates climb to their highest level since November

cnn.com US mortgage rates jumped higher last week as uncertainty about the debt ceiling standoff sent bond yields rising. The 30-year fixed-rate mortgage averaged 6.79% in the week…

Average long-term US mortgage rate climbs to 6.79% this week, highest level since November

aol.com The average long-term U.S. mortgage rate climbed this week to its highest level since November, driving up borrowing costs for would-be homebuyers at a time when the housing…

Ticker: Officials signal pause in rate hikes; Mortgage rates tick up 3rd straight week

bostonherald.com Leading Federal Reserve officials are sending out stronger signals that they will forego an interest rate increase at the central bank’s next meeting in June, though they…

Fannie Mae’s Mission Creep

forbes.com Just fifteen years after the bailout of Fannie Mae and Freddie Mac cost American taxpayers $187 billion, the government-sponsored enterprises (GSEs) are intent upon…

Homebuyers can't get a break as mortgage rates march back toward 7%

yahoo.com Mortgage rates surged closer to 7% this week, further worsening housing conditions for buyers. The rate on the 30-year fixed mortgage increased to 6.79% from 6.57% the week…

Mortgage rates rise to highest level in six months. ‘Demand is likely to weaken,’ Freddie Mac says

marketwatch.com The numbers: Mortgage rates inched toward 7% as strength in the U.S. economy prompted investors to expect another rate hike by the Federal Reserve. The 30-year fixed-rate…

FHA Proposes New Mortgage Payment Reductions

dsnews.com The Federal Housing Administration (FHA) is seeking feedback on a new proposal for a home retention option to help struggling homeowners meet their mortgage obligations. The…

Home prices increase for the second month in a row

aol.com US home prices again increased month over month in March, according to two separate indexes, reflecting the continued inventory shortages stymieing homebuyers. The S&P…

Federal Government Seeks Input Into Tenant Protections

forbes.com The Biden administration announced its interest in creating a renter bill of rights. The Federal Housing Finance Agency (FHFA) just announced a request for input on tenant…

Wells Fargo is undergoing a major transformation under CEO Charlie Scharf. Here are the business lines that are most affected

businessinsider.com Charlie Scharf, CEO of Wells Fargo Wells Fargo; Tom Williams/CQ-Roll Call, Inc via Getty Images; Samantha Lee/Insider Wells has been revamping its wealth business and…

House prices are declining in these 7 Western states while continuing to hit new heights across the rest of the country

yahoo.com None US house prices rose modestly in the first quarter, said the FHFA on Tuesday. • None But some Western states are seeing the first year-over-year price declines in…

Today's best mortgage rate? 10- and 15-year terms hold steady as lowest

foxbusiness.com Based on data compiled by Credible, mortgage rates for home purchases have held steady for three key terms and risen for another since Friday. Rates last updated on May 30,…

House prices are declining in these 7 states but hitting highs elsewhere

businessinsider.com US house prices rose modestly in the first quarter, said the FHFA on Tuesday. • But some Western states are seeing the first year-over-year price declines in years. • The…

Home Prices May Finally Be Going Up After Seven-Month Plunge

forbes.com After seven months of falling, home prices rose for a second straight month in March, S&P CoreLogic reported Tuesday, signaling the stretch of price declines may have come…

The Money Doctor who has slayed inflation for 50 years says the Fed has overcorrected so badly they’re hastening the long-feared recession

yahoo.com Economist Steve Hanke has forged a 50-year career as a global “Money Doctor” advising heads of state and finance ministers from Indonesia to Kazakhstan. He's currently…

US monthly home prices increase in March, surveys show

reuters.com U.S. single-family home prices increased solidly on a monthly basis in March, boosted by a persistent shortage of properties on the market, though the overall trend…

Mortgage Rates Remain at Highest Level Since 2008

statista.com Mortgage rates in the United States remain at their highest level since 2008, as they climbed for the second consecutive week amid debt ceiling concerns. According to…

'A definitive recovery?' Home prices increase for the second month in a row

aol.com U.S. home prices again increased month over month in March, according to a widely watched index, reflecting the continued inventory shortages stymieing homebuyers. The S&P…

What Is a Bank Failure? What Causes It?

thestreet.com Even if your bank becomes insolvent, your deposits may be safe. Funtap from Getty Images; Canva You hear your bank is in trouble, and you immediately start to panic. “Will I…

April Housing Sales Flat, Million Dollar Home Sales Plummeted

observer.com Sales for homes that were selling for $1 million or more fell drastically in April throughout the U.S., with the largest decline occurring in the West, compared to a year…

What will an ADU do to your property taxes and resale value?

latimes.com A house in South Pasadena stands next to its garage, which has been converted into a 500-square-foot ADU for the homeowner’s mother. A common pitch for accessory dwelling…

Mortgage rates rise as debt limit impasse lingers: Freddie Mac

foxbusiness.com Mortgage rates trended higher for the second week in a row as the market reacted to new economic growth estimates and the debt ceiling impasse, according to Freddie Mac. The…

US mortgage giants were placed on credit watch. Here’s what that means for home buyers

cnn.com The credit ratings of US mortgage giants Freddie Mac and Fannie Mae were put on watch for possible downgrade by Fitch Ratings late Thursday. A downgrade is not expected to…

Average long-term mortgage rate rises to highest level since March

staradvertiser.com LOS ANGELES >> The average long-term U.S. mortgage rate rose this week to its highest level since mid-March, driving up borrowing costs for prospective homebuyers facing a…

Daily mortgage rates reach highest level since November

thehill.com Daily mortgage rates reached their highest level since November, and the weekly average sent monthly payments for prospective buyers to an all-time high, according to a new…

Average long-term US mortgage rate rises to 6.57% this week, highest level since mid March

go.com LOS ANGELES -- The average long-term U.S. mortgage rate rose this week to its highest level since mid March, driving up borrowing costs for prospective homebuyers facing a…

Another US downgrade might not be as bad as it sounds

aol.com On August 8, 2011, the first trading day after Standard & Poor’s downgraded the US credit rating for the first time ever, the S&P 500 stock index plunged by 6.5%. There was…

Mortgage rates tick up amid U.S. debt ceiling concerns

marketwatch.com The numbers: A strong U.S. economy and concerns about a potential U.S. default on its debt pushed mortgage rates higher this week. The 30-year fixed-rate mortgage averaged…

Homebuyers dealt another blow as mortgage rates rise

aol.com Mortgage rates increased again this week, making it pricier for homebuyers to purchase and giving sellers more reason to hold on to their current homes. The rate on the…

Mortgage rates rise as debt ceiling standoff drags on

cnn.com Mortgage rates are beginning to feel the impact of the debt-ceiling standoff, jumping higher for the second week in a row amid the uncertainty. The 30-year fixed-rate…

Lack of resale houses continues to frustrate homebuyers in April

yahoo.com Homebuyers again had a hard time snagging a house in April, with signed contracts not budging from the month before, during what is supposed to be the busiest season for…

We're entering a brutal new era for the housing market

yahoo.com If you don't already own a home, you're going to be screwed for years to come Attempting to time the housing market is a foolish pursuit. Sure, there are heaps of data,…

Map: How did the pandemic exodus impact your hometown? Search this U.S. map to find out

bostonherald.com Much has been made about the Bay Area exodus, with thousands of residents — empowered by the option to work remotely and fed up with high housing costs — moving out of the…

Housing Market Update May 2023

entrepreneur.com For years, home sellers were in complete control of the home-buying process. With a lack of inventory and strong demand from buyers, sellers could list nearly any price and…

The 30-year mortgage rate is now above 7%. Here’s how much extra homeowners will pay each month

marketwatch.com The housing market is about to hit another speed bump, with mortgage rates rising above 7% for the third time this year. With home sales already weighed down by a lack of…

The house price slump might be nearly over despite soaring mortgage rates, Goldman Sachs says

businessinsider.com The worst could be over for the US housing market, according to Goldman Sachs. Mike Blake/Reuters There could be brighter times ahead for global house prices, according to…

Joe Biden's plan to raise costs for homebuyers receives surprising support

newsweek.com The Biden administration's idea to increase mortgage fees for people with good credit scores in order to help those with poorer credit scores can count on a surprising level…

US new home sales, business activity rise to 13-month highs

reuters.com Sales of new U.S. single-family homes jumped to a 13-month high in April, boosted by a persistent shortage of previously owned houses on the market and a sharp decline in…

House GOP presses FHFA chief on new mortgage fees

thehill.com Lawmakers sparred with Federal Housing Finance Administration Director Sandra Thompson on Tuesday after the agency implemented controversial mortgage pricing updates that…

Home Sales Rose in April. Buyers Are Turning to New Construction

barrons.com New home sales rose in April—the latest sign that prospective buyers are turning to builders this spring. New homes in April were sold at a seasonally-adjusted annual rate…