WSJ.com: Residential real-estate market hindered by mortgage rates, limited inventory. The highest mortgage rates in 23 years are dragging down home sales to their lowest levels since the subprime crisis period. Sales of previously owned homes in […]
Forbes.com: The private homebuilding rate slid 11.3% from July to August, according to the latest data from the U.S. Census and the U.S. Department of Housing and Urban Development (HUD). August’s housing starts rate was […]
Realtor.com: The numbers: Home buying demand dropped as U.S. mortgage rates rose for the fourth week in a row to the highest level since 2000. Mortgage demand dropped to the lowest level since 1996 as […]
DollarCollapse.com: The hardest part of writing this kind of post is sorting through all the red flags. There are just too many these days. So here are the handful that look scariest at the moment: […]
FoxBusiness.com: Fed’s preferred inflation gauge ticks higher in August. An inflation measure closely watched by the Federal Reserve ticked higher in August as steep prices continue to squeeze millions of U.S. households. The personal consumption expenditures (PCE) […]
CNN.com: US pending home sales dropped 7.1% in August from the month prior as mortgage rates surging over 7% in August to levels not seen in 20 years packed a punch. Pending sales had been […]
CNBC.com: U.S. homebuilders are feeling pessimistic about their business for the first time in seven months, thanks to stubbornly high mortgage rates. Builder confidence in the single-family housing market fell 5 points in September to […]
BusinessInsider.com: “Shark Tank” star Kevin O’Leary thinks high interest rates are about to spark a fresh bout of chaos in the US economy. The famed investor pointed to high interest rates as the result of […]
CNBC.com: Higher mortgage rates continue to take their toll on mortgage demand, especially for refinancing. Total mortgage application volume dropped 0.8% last week compared to the previous week, according to the Mortgage Bankers Association’s seasonally […]
FoxBusiness.com: Freddie Mac reported rates for a 30-year fixed mortgage averaged 7.18% as of Thursday. The housing market continues to leave homebuyers struggling to find affordable options as mortgage rates surge and inventory remains scarce. One industry […]
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