Tag: Mortgages
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Warsh’s Fed is likely to hold rates steady — what the leadership change could mean for your money
The Federal Reserve’s June meeting, the first helmed by new Fed Chair Kevin Warsh, may impact many consumer borrowing and savings rates down the road.
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Pimco is warning about a spike in defaults — How it says income investors should position portfolios
Pimco is warning fixed-income investors to stay away from lower-quality credit, but sees plenty of opportunities in high-quality assets.
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Weekly mortgage demand surges nearly 11% higher, despite volatile interest rates
Mortgage demand from both current homeowners and potential buyers rose sharply, even though interest rates rose as well.
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Home sales surged in May to the highest level since December
Home sales rebounded in May as mortgage rates dropped back a bit in April, but prices are still rising.
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Higher mortgage rates don’t just keep buyers on the sidelines. Application denials rise too
The denial rate in loan applications was 15.1% in 2024, up from 12.2% in 2021, a rise that occurred alongside surging mortgage rates, the St. Louis Fed found.
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Sellers are pulling homes off the market at the fastest pace since 2020
Frustrated sellers are pulling their homes off the market at an increasingly high pace, as demand weakens and bidding wars wane.
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Mortgage rates are easing slightly, but homebuyers are retreating
Mortgage rates fell slightly last week, but neither current homeowners nor potential homebuyers were inspired. Demand for mortgages fell overall.
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