The Federal Reserve raised interest rates Wednesday for the first time since 2023, tightening monetary policy at a moment when mortgage rates are already back near 7% and the housing market is struggling with another affordability setback. The Federal Open Market...
U.S. homebuilder confidence fell to a 12-month low in September as higher mortgage rates and persistent affordability pressure pushed more builders to cut prices and lean on incentives to move new homes. The NAHB/Wells Fargo Housing Market Index dropped three points...
The housing recovery keeps getting postponed. A fresh Reuters survey of property analysts shows forecasters raising their mortgage-rate expectations again, with borrowing costs now expected to decline only modestly from current levels. The shift comes as the 10-year...
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...
Pending Home Sales Slide to Nearly Three-Year Low as Buyers Pull Back
