mortgage rates

The US housing market is in the midst of a major shift. After two years of stratospheric price appreciation, home prices have peaked and are on their way back down. But what homebuyers and…

The average interest rate on the most popular U.S. home loan rose to its highest level since 2006 as the housing sector continued to bear the brunt of tightening financial conditions, data from the Mortgage Bankers Association (MBA)…

After rising for six weeks in a row, mortgage rates retreated last week. The 30-year fixed-rate mortgage averaged 6.66% in the week ending October 5, down from 6.70% the week before, according to…

This story is part of CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here. New York CNN Business  —  After tumbling to a record low…

New home sales bounced back in August despite high prices and rising mortgage rates that have pushed some buyers away. Sales of newly constructed homes jumped 28.8% in August from July and were down…

Editor’s Note: This is an updated version of a story that originally ran on August 26, 2022. In its continued bid to quash high inflation, the Federal Reserve on Wednesday raised the overnight bank…

China cut its benchmark reference rate for mortgages by an unexpectedly wide margin on May 20, its second reduction this year as Beijing seeks to revive the ailing housing sector to prop up the economy.Senior officials have pledged further…

Americans who are short on cash to make rent may need to face an uncomfortable reality: Conditions will likely get worse before they get better.U.S. housing supply fell to the lowest levels observed in over 20 years, according to the…

New homes under construction by CastleRock Communities in Kyle, Texas, in November 2021.Matthew Busch | Bloomberg | Getty ImagesRecord increases in home prices are also pushing up the amount of equity people have in their abodes.For many…

Residential property prices continue to climb but the pace has slowed as more and more Australians simply can’t afford a roof over their head.Australia’s property price boom is losing steam, new data shows, with dwelling values only inching…