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Mortgages

How Laguna Beach, California, is helping residents age in place

by Walter Watson
How Laguna Beach, California, is helping residents age in place

Laguna Beach, California Luciano Lejtman | Moment | Getty Images When most people think of Laguna Beach, California, they think of its scenic coves and beaches. But the small coastal …

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Home prices surge, Detroit gains beat Miami

by Anas Siddiqui
Home prices surge, Detroit gains beat Miami

A for sale sign hangs outside a home on the west side of Detroit, Michigan. Fabrizio Costantini | Bloomberg | Getty Images Home prices are rising faster and faster each …

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Mortgage rate decline pulls buyers back into the housing market

by Anas Siddiqui
Mortgage rate decline pulls buyers back into the housing market

A sharp drop in mortgage interest rates in December may have kickstarted this year’s spring housing market early. Rates are about a full percentage point lower than they were in …

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November pending home sales unchanged, despite lower mortgage rates

by Anas Siddiqui
November pending home sales unchanged, despite lower mortgage rates

Pending home sales in November were unchanged compared with October and 5.2% lower than November of last year, according to the National Association of Realtors. The reading, which is based …

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October home prices post biggest gain of 2023

by Anas Siddiqui
October home prices post biggest gain of 2023

A “sale pending” sign is posted in front of a home for sale on November 30, 2023 in San Anselmo, California. According to a report by the National Association of …

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Freeland approves RBC’s $13.5B takeover of HSBC Canada with conditions

by Anas Siddiqui
Freeland approves RBC’s .5B takeover of HSBC Canada with conditions

Finance Minister Chrystia Freeland has approved RBC’s $13.5-billion takeover of HSBC Canada, despite calls from opposition politicians and other groups to block it over concerns of reduced competition. Freeland’s approval …

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U.S. Federal Reserve leaves key interest rate unchanged, expects 3 rate cuts in 2024

by Anas Siddiqui
U.S. Federal Reserve leaves key interest rate unchanged, expects 3 rate cuts in 2024

For a third straight time, the U.S. Federal Reserve kept its key interest rate unchanged Wednesday, as it signalled its expectations to make a series of quarter-point cuts to the benchmark interest …

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Mortgage refinance demand jumps after rates drop

by Anas Siddiqui
Mortgage refinance demand jumps after rates drop

An aerial view of existing homes near new homes under construction (UPPER R) in the Chatsworth neighborhood on September 08, 2023 in Los Angeles, California.  Mario Tama | Getty Images …

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2023 was least affordable homebuying year: Redfin

by Anas Siddiqui
2023 was least affordable homebuying year: Redfin

A Redfin sign in front of a home for sale in Atlanta on Nov. 10, 2022. Elijah Nouvelage | Bloomberg | Getty Images This year was the least affordable year …

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Mortgage refinance demand jumps as rates fall

by Anas Siddiqui
Mortgage refinance demand jumps as rates fall

Homes in Hercules, California, US. Bloomberg | Bloomberg | Getty Images After surging over 8% in October, mortgage rates are falling back toward 7% again, and that is jumpstarting the …

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