Why are mortgage rates still so high? After a year of mortgage rates near 8%, home buyers are eager for good news. Some forecasters have buoyed their hopes,…
Read more Home buyers thought mortgage rates were finally going to go down. Why hasn’t it happened yet?When Ann Shea, 44, was finalizing a divorce last year, she knew she wanted to keep the suburban Chicago home where she was raising her school-age kids. But…
Read more A new issue in divorce: Who keeps the mortgage rate?Distressed-debt giant Oaktree Capital sees big opportunities in credit unfolding over the next few years as a wall of debt comes due. Oaktree’s incoming co-chief executives Armen Panossian,…
Read more Oaktree Capital calls commercial real estate ‘most acute area of risk’ right nowOne-time pandemic darling DocuSign Inc. may be looking to sign a deal of its own. The e-signature company is working with advisers as it considers a sale, the…
Read more DocuSign's stock pops as company reportedly considers a saleNovember’s sharp pullback in 30-year fixed mortgage rates may not last if the labor market remains strong, said Mark Palim, deputy chief economist at Fannie Mae. Palim was…
Read more Mortgage rates' dip to 7% could be brief if jobs market stays strong, Fannie Mae economist saysThis is a developing story. Stay tuned for updates here. The numbers: The University of Michigan’s gauge of consumer sentiment rose to a preliminary December reading of 69.4 from…
Read more Consumer sentiment jumps in early December for the first increase in five monthsThe numbers: U.S. new-home sales fell 5.6% to a seasonally adjusted annual rate of 679,000 in October, from a revised 719,000 in September, the government reported Monday. Analysts…
Read more New-home sales drop in October to much lower level than expectedRecession fears are rising. Nothing beats fear better than good information and that’s what we will get this week. Investors and economists will get good insight into the…
Read more Health of several key sectors, including the U.S. consumer, plus an outlook from Fed’s Powell on radar this coming weekWhere are home buyers paying the most? Mostly on the coasts, according to a new report. Based on a ZIP Code–level analysis of closed home-sale prices, PropertyShark, a…
Read more These are the most expensive ZIP Codes in the U.S. for house shoppersConstruction spending rose in September, as companies and the government continued to ramp up projects across the U.S. Spending on construction projects rose 0.4% in September to nearly…
Read more U.S. construction spending rises for the ninth month in a row in SeptemberShares of real-estate names plunged Tuesday following a jury ruling that has the potential to shake up the way people purchase homes. A Missouri jury earlier Tuesday deemed…
Read more Here’s why Zillow, Redfin and other real-estate stocks tanked after a jury rulingThe numbers: U.S. pending home sales rebounded in September but remain near a record low as high mortgage rates and low inventory continue to hurt the real-estate sector.…
Read more U.S. pending home sales stay near record low despite modest pickup in SeptemberOffice-space provider WeWork Inc. WE, -8.41% on Thursday said that Anthony Yazbeck would leave his position of president and chief operating officer, a move that will take hold…
Read more WeWork COO Anthony Yazbeck to leaveIt seems hard to believe, and it’s one of those cases where definitions mean everything, but the average family in America has achieved millionaire status. That’s according to…
Read more Can the average American family be called millionaires? Yes, but …The numbers: Home sales in September fell to the lowest level since 2010, as high mortgage rates continue to hammer the housing market. Aside from low inventory, rising…
Read more U.S. home sales fell in September to the lowest level since the Great RecessionI recently graduated with my master’s degree and am seeking full-time employment at age 53. I want to know what is the best way to invest some of…
Read more ‘For religious reasons, I cannot invest to earn interest’: I’m 53 and expect to earn $90,000 a year. Is it too late to start investing?PHILADELPHIA — High mortgage rates are hammering home buyers, but expect rates to fall over the next year, one industry group says. Mortgage rates are over 7.5% as of…
Read more Mortgage bankers expect the 30-year rate to drop to 6.1% by the end of 2024U.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 cheapHigher interest rates may be painful in the short term, but banks, savers and the financial ecosystem will be better off in the long run, said Sheila Bair,…
Read more ‘Banks fail. It’s OK,’ says former FDIC chair Sheila Bair.U.S. stocks finished higher on Wednesday as yields on long government bonds retreated from 16-year highs, helping lift the S&P 500 to its best day in three weeks.…
Read more S&P 500 scores best day in 3 weeks as bond yields ease back
