More home sellers are cutting their asking price, suggesting sale-price growth could soften in the coming months. But this week, the median sale price rose to another record high, pricing out some buyers.
Welcome to Investopedia’s economics live blog, where we explain what the day’s news says about the state of the U.S. economy and how that’s likely to affect your finances. Here we compile data releases, economic
GO Mortgage and PacRes Mortgage today announced they entered a merger agreement. The transaction, expected to close in the third quarter of 2024, will create a more robust and innovative mortgage lender.
Rising fees are draining down payments, pushing homeownership out of reach
WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today launched a public inquiry into junk fees that are increasing mortgage closing costs. The CFPB wants to understand
The Federal Reserve’s Open Market Committee (FOMC) meets again next week. Some months ago, market analysts were 50/50 on a bet regarding a decrease in short-term rates at the Fed’s June meeting. Then came some very strong jobs reports and
Home buying will remain expensive, so expect a competitive market for homes that need some work and for single-family rentals
Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 7.22 percent.
“Market sentiment has significantly shifted over the
