Hard times hit the real estate business

Data: Mortgage Bankers Association; Note: Adjusted to August 2022 dollars; Chart: Kavya Beheraj/AxiosAfter getting laid off from her job at mortgage provider Better.com in March, Charmaine Steele...

Mortgage applications are down. Will mortgage rates come down?

Mortgage applications are down 23% from a year ago. What does that mean for the housing market? Check out our interactive to find out. We also have a look at how mortgage applications compare to...

Mortgage rates climb as loan demand, refinancing drops

Rising interest rates continue to impact areas of the housing industry. In the past week, mortgage rates increased to 5.66% from 5.55%. Overall demand for mortgage applications fell by 0.8%,...

Mortgage rates drop below 5% for the first time since April

Mortgage rates are still high, but the rate on the 30-year just saw its steepest weekly drop since March 2020. It was as high as 5.81% on June 23. The respite may not last, says Mike Fratantoni,...

One of the strongest job markets in the past 50 years’: Looking for a pay raise? This jobs report has good news for you

The government’s latest jobs report showed the U.S. economy gained 528,000 jobs last month. The sharp rise in hiring surprised Wall Street: Economists polled by The Wall Street Journal had...

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