U.S. homes may be wildly unaffordable for first-time buyers, but mortgage bonds backed by those same properties could be dirt cheap. Shocks from the Federal Reserve’s dramatic rate…
Read more Homes are expensive right now, but these mortgage bonds look cheapU.S. mortgage rates increased for the fifth week in a row, with the 30-year reaching the highest level since 2001. The 30-year fixed-rate mortgage averaged 7.23% as of…
Read more Mortgage rates reach highest level since 2001 and are likely to go higher, Freddie Mac saysThe numbers: Mortgage rates rose for the fourth week in a row to the highest level since 2000, as the economy continues to show strength. Rates surged as…
Read more Home buyers flee the housing market as mortgage rates surge to the highest level since 2000The numbers: Home sales inched up for the first time in four months, even as the U.S. housing market continues to deal with a dearth of listings. Pending…
Read more ‘The housing recession is over,’ real-estate group says, as pending home sales tick up for the first time in 4 months
