The 10-year Treasury yield surged as high as 5.27% Monday, extending a bond-market selloff that is putting renewed upward pressure on mortgage rates and further tightening affordability for homebuyers. The benchmark yield pulled back to about 5.23% late Monday, up...
A business advocacy group representing community lenders sued the U.S. Treasury Department on Monday, seeking to prevent $289 million in congressionally appropriated funding for Community Development Financial Institutions from expiring at the end of the fiscal year....
A Manhattan luxury tower is falling apart, Jamie Dimon is going to the Smithsonian, and who’s photographing the East Wing demolition? From the wild and wooly world of real estate, here are our Hits and Misses for the week of Oct. 20-24. Miss: Don’t Look Up. One...
Treasury Secretary Scott Bessent is walking back demands he made yesterday that the Federal Reserve cut rates by 50 basis points at its next policy meeting in September. In an interview on Fox Business this morning, Bessent insisted, “I didn’t tell the Fed what...
The newly sworn-in Treasury Secretary Scott Bessent is making himself as home in Washington, DC, at a historic mansion that he acquired for $12.5 million. According to a Wall Street Journal report sourced from unnamed “people familiar with the deal,” the property in...
Small Mortgages Fall Below 3% of Originations, Exposing Rural Lending Gap
