The benchmark 10-year U.S. Treasury yield crossed 5% on Monday, a threshold it had not breached since October 2023, adding another jolt to mortgage pricing just one day before the Federal Reserve begins a two-day policy meeting. The move matters immediately to the...
Consumer prices rose 0.4% in August as energy costs jumped and shelter inflation accelerated. For a housing market already dealing with mortgage rates around 7%, the bond market’s reaction may be the bigger story. Homebuyers looking for relief from mortgage rates...
Federal Reserve Chairman Kevin Warsh delivered a difficult message for the housing industry Friday: The Fed sees the strain in housing, but that weakness is not enough to shift its attention away from inflation. Speaking at the Federal Reserve Bank of Kansas City’s...
A new CFPB director is named, New York City nuns address the affordable housing shortage, and Alec Baldwin tries once more to sell his Hamptons estate. From the wild and wooly world of real estate, here are our Hits and Misses for the week of June 8-12. Hit and Miss:...
The Federal Reserve has opted to hold rates at their current level. The central bank’s policy making Federal Open Market Committee stated it will “maintain the target range for the federal funds rate at 3.5% to 3.75%.” The vote for holding rates was near-unanimous,...
Pending Home Sales Slide to Nearly Three-Year Low as Buyers Pull Back
