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Mortgages

The Fed could pull off a soft landing, here’s what that means for you

by Adrian Jhonsan
The Fed could pull off a soft landing, here’s what that means for you

The Federal Reserve is expected to announce it will leave rates unchanged at the end of its two-day meeting this week after recent signs the economy is in fairly good shape …

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2023 was the least affordable homebuying year: Redfin

by Adrian Jhonsan
2023 was the 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 Adrian Jhonsan
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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Pending home sales drop to record low

by Adrian Jhonsan
Pending home sales drop to record low

A home with a sign indicating that it is under contract to be sold is seen in a neighborhood of downtown Washington. Jim Bourg | Reuters Pending home sales, a …

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Mortgage demand jumps to six-week high as interest rates continue to drop

by Adrian Jhonsan
Mortgage demand jumps to six-week high as interest rates continue to drop

Mortgage demand is finally crawling out of the basement as interest rates continue to move lower. Total application volume increased 3% last week from the previous week, according to the …

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Home sales fell to a 13-year low in October as prices rose

by Adrian Jhonsan
Home sales fell to a 13-year low in October as prices rose

This photo taken on Aug. 22, 2023 shows an advertisement in front of a real estate for sales in Millbrae, California, the United States. The sales of previously owned homes …

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Mortgage rates plunge and demand finally inches back

by Adrian Jhonsan
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 …

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Federal Reserve may not hike interest rates. What that means for you

by Adrian Jhonsan
Federal Reserve may not hike interest rates. What that means for you

Credit card rates top 20% Most credit cards come with a variable rate, which has a direct connection to the Fed’s benchmark rate. After the previous rate hikes, the average credit card …

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Housing industry urges Powell and Fed to stop raising interest rates

by Adrian Jhonsan
Housing industry urges Powell and Fed to stop raising interest rates

New homes under construction in Miami, Florida, Sept. 22, 2023. Joe Raedle | Getty Images Top real estate and banking officials are calling on the Federal Reserve to stop raising …

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Why more mortgage applications are being rejected based on income

by Adrian Jhonsan
Why more mortgage applications are being rejected based on income

Prospective buyers attend an open house at a home for sale in Larchmont, New York, on Jan. 22, 2023. Tiffany Hagler-Geard | Bloomberg | Getty Images As high home prices …

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