Pending home sales drop to record low
Pending home sales, a measure of signed contracts on existing homes, dropped 1.5% in October from September. They hit the lowest level since the National Association of Realtors began tracking …
Mortgages
People say my home ‘is a palace’ but it’s just luxurious SHED – we don’t need to fork out £1,000s on hefty mortgage
A WOMAN living in a luxurious shed says she doesn’t need to fork out £1,000s on hefty mortgage. Content creator Martina decided to ditch a regular property for an off-grid …
Home prices rose in September even as mortgage rates surged
A townhouse for sale in the Upper East Side neighborhood of NYC. Adam Jeffery | CNBC Higher mortgage rates appear to be doing very little to cool home prices. Nationally, …
Home sales fell to a 13-year low in October as prices rose
Sales of previously owned homes were 4.1% lower in October compared with September, running at a seasonally adjusted annualized rate of 3.79 million units, according to the National Association of …
Past rate hikes may be enough to bring inflation back to target, Tiff Macklem says in speech
Bank of Canada Governor Tiff Macklem warns fighting inflation half-heartedly and living with its consequences would be a huge mistake. The governor acknowledged during a speech Wednesday that interest rates …
Mortgage demand jumps to six-week high as interest rates continue to drop
An “Open House” sign is displayed in the front yard of a home for sale in Columbus, Ohio, U.S. Bloomberg | Bloomberg | Getty Images Mortgage demand is finally crawling …
Mortgage demand at highest level in 5 weeks after interest rates fall
Potential homebuyers attend an open house in Seattle. Mike Kane | Bloomberg | Getty Images Current homeowners and potential homebuyers are responding to lower mortgage rates, albeit slowly. Mortgage demand …
Homebuilder sentiment drops to lowest point in a year
High mortgage rates continue to weigh on the nation’s homebuilders, leading to an increase in price cuts to lure buyers. But builders are cautiously optimistic about recent signs that interest …
Cooler monthly inflation report pushes mortgage rates even lower
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 …
Mortgage rates plunge and demand finally inches back
House for sale in Millbrae, California. Xinhua News Agency | Xinhua News Agency | Getty Images Mortgage rates saw the biggest one-week drop in over a year last week, causing …