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Lennar missed Q3 revenue and earnings expectations due to rising mortgage rates and housing affordability pressures. The company lowered its delivery outlook and experienced declining average selling…
National average mortgage rates ticked up slightly, with the 30-year fixed rate reaching 7.01% and the 15-year fixed loan rising to 6.44%. The report provides routine consumer mortgage data and basic…
U.S. mortgage purchase applications dropped to their lowest levels since 1995, down 50% from pandemic peaks. Surging mortgage rates near 7% and severe affordability pressures continue to curb buyer d…
US mortgage rates showed marginal changes ahead of the Federal Reserve's rate decision, with the 30-year fixed rate dipping two basis points to 7.00%. The report offers daily national averages alongs…
Opendoor and Zillow dropped as the 10-year U.S. Treasury yield topped 5% and mortgage rates hit 7.25%, heightening financing expenses and curbing buyer affordability. Rising yields also weighed on br…
US 30-year fixed mortgage rates climbed past the 7% mark to reach 7.02%, according to Zillow data, with 5/1 ARMs jumping to 7.33%. Elevated borrowing costs are forecasted to persist through 2026 and …
Berkshire Hathaway CEO Greg Abel acquired Taylor Morrison Home for $6.8 billion to unify homebuilding operations despite historically weak pending home sales. Armed with $365 billion in cash, Berkshi…
U.S. fixed mortgage rates surged ahead of impending Consumer Price Index data, with the 30-year fixed average jumping 19 basis points to 6.83%. The 15-year fixed loan reached 6.18%, signaling sustain…
A personal finance analysis highlights that holding down-payment cash in low-yield bank CDs lags rising home prices and inflation. Savers are advised to avoid volatile equities like Alphabet and inst…
Opendoor shares sank over 6% after CEO Kaz Nejatian disclosed that its adjusted net income break-even timeline slipped by six to eight weeks. Rising Treasury yields, elevated mortgage rates, and WTI …
Opendoor shares plunged 7% after CEO Kaz Nejatian revealed the company's adjusted net income break-even timeline slipped by six to eight weeks amid surging Treasury yields and deteriorating late-Augu…
U.S. mortgage rates edged down, with the 30-year fixed rate dropping 9 basis points to 6.64% and the 5/1 ARM falling to 6.73%, according to Zillow. The report provides routine consumer mortgage data,…
Macro analyst Jason Pizzino warns that US housing weakness signals a potential major stock market peak ahead. Citing an 18-year cycle and declining homebuilder metrics, he suggests equity markets cou…
U.S. mortgage rates jumped sharply on Wednesday, driven by escalating tensions in the Middle East. The 30-year fixed rate climbed 15 basis points to 6.74%, while the 15-year fixed and 5/1 ARM rose to…
US 30-year fixed mortgage rates climbed to 6.76% amid persistent inflation and surging oil prices. With CPI running well above target and potential Fed rate hikes looming, housing affordability strai…
US mortgage rates jumped significantly, with the 30-year fixed rate climbing 15 basis points to 6.74% following escalating Middle East tensions. Rising borrowing costs reflect broader yield surges, d…
US mortgage rates jumped significantly, with the average 30-year fixed rate climbing 15 basis points to 6.74%. The sudden increase across fixed and adjustable mortgage products follows escalating ten…
U.S. fixed mortgage rates edged higher, with 30-year fixed rates rising to 6.59% following weekend geopolitical tensions. Industry forecasts from the MBA and Fannie Mae project mortgage rates will re…
Mortgage rates remain range-bound near 6.5%, with Chase Home Loans ranking sixth in Yahoo Finance's weekly survey of 30-year fixed APRs. Rate spreads among major lenders highlight the importance of b…
US mortgage rates are expected to remain high or rise due to persistent inflation and a growing federal deficit, with no rate cuts from the Fed anticipated soon. Solid employment and GDP growth suppo…