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Mortgages

Home sales drop again in July, as supply drops again

by Anas Siddiqui
Home sales drop again in July, as supply drops again

Sales of previously owned homes dropped 2.2% in July from June to a seasonally adjusted, annualized rate of 4.07 million units, according to the National Association of Realtors. Sales were …

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Mortgage rates hit highest point since 2000

by Anas Siddiqui
Mortgage rates hit highest point since 2000

A For Sale sign displayed in front of a home on February 22, 2023 in Miami, Florida.  Joe Raedle | Getty Images Mortgage rates jumped Monday, following a rise in …

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Weekly mortgage demand drops again, as interest rates match a 22-year high

by Anas Siddiqui
Weekly mortgage demand drops again, as interest rates match a 22-year high

A real estate agent shows a home to a prospective buyer in Miami. Getty Images Mortgage rates rose for the third straight week last week, matching a 22-year high. As …

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Homebuilder sentiment drops sharply, as mortgage rates surge

by Anas Siddiqui
Homebuilder sentiment drops sharply, as mortgage rates surge

Residential home construction by Shea Homes builders is shown in Encinitas, California, May 16, 2023. Mike Blake | Reuters Rising mortgage rates are hitting potential homebuyers hard, and that is …

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UBS to pay $1.4 billion over fraud in mortgage-backed securities

by Anas Siddiqui
UBS to pay .4 billion over fraud in mortgage-backed securities

General view of the UBS building in Manhattan, New York, June 5, 2023. Eduardo Munoz Alvarez | View Press | Corbis News | Getty Images Swiss bank UBS agreed to …

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Record high home prices mean you may have cash hidden in your home

by Anas Siddiqui
Record high home prices mean you may have cash hidden in your home

Home prices are on a tear again across much of the nation after falling for much of last year. That means giving back to homeowners the equity they lost. Home …

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Foreign buyers are bailing on the U.S. housing market. Here’s why

by Anas Siddiqui
Foreign buyers are bailing on the U.S. housing market. Here’s why

International buyers are pulling back from the U.S. housing market, as high mortgage rates, soaring home prices, a meager supply of homes for sale and a strong dollar all make …

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Home prices continue to climb

by Anas Siddiqui
Home prices continue to climb

Home prices in May rose for the fourth straight month on the S&P CoreLogic Case-Shiller home price index, but regional differences are widening. The gains come despite a sharp jump …

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Homebuilder sentiment rises in July, but high mortgage rates hurt

by Anas Siddiqui
Homebuilder sentiment rises in July, but high mortgage rates hurt

Builder sentiment in the market for single-family homes rose 1 point in July to 56, according to the National Association of Home Builders/Wells Fargo Housing Market Index. It marks the …

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Home prices hit new highs, driven by tighter supply

by Anas Siddiqui
Home prices hit new highs, driven by tighter supply

A for sale sign is posted in front of a home for sale on February 20, 2023 in San Francisco, California. Justin Sullivan | Getty Images Home prices hit a …

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