Fannie Mae’s latest housing forecast offers little relief for borrowers hoping high mortgage rates will be temporary. The housing-finance company’s Economic and Strategic Research group expects the average 30-year fixed mortgage rate to reach 7.4% in the...
Homebuyers in much of the country are confronting another squeeze from higher borrowing costs, even as some Sun Belt markets continue to sell homes with discounts and builder incentives. The Federal Reserve’s October 14 Beige Book describes a housing market...
The U.S. housing market had nearly 63% more sellers than buyers in September, the widest imbalance in Redfin records going back to 2013, as higher mortgage rates pushed potential purchasers out of the market faster than homeowners stopped listing. Redfin’s...
Bank of America reported a sharp decline in third-quarter profit Wednesday after recording a $1.2 billion charge tied to U.S. anti-money-laundering enforcement, even as its loan balances and net interest income increased. The Charlotte-based bank earned $6.93 billion...
U.S. inflation accelerated in September, delivering another blow to prospective homebuyers already facing mortgage rates above 7% and raising the stakes for lenders, builders and the Federal Reserve. The consumer price index rose 0.6% from August and 3.7% from a year...
Barings Buys $66.2 Million Orange County Retail Center as Grocery-Anchored …
