The Fed plans to reduce its balance sheet more aggressively than the last time it ended a bond-buying program, according to minutes released on Wednesday.
Home prices grew 20% in February from a year earlier, a record pace, as buyers competed for a limited amount of properties on the market, CoreLogic said.
A critical measure of U.S. inflation surged to the highest level since Ronald Reagan was president as global supply chains snarled by the pandemic fueled price increases.
The U.S. median listing price reached a record high of $405,000 in March, according to a Realtor.com report on Thursday.
Home-loan rates for so-called conforming mortgages eligible to be purchased by Fannie Mae and Freddie Mac increased to the highest level since the beginning of 2019.
Home prices continued to skyrocket, depite a gain in mortgage rates, as the inventory of homes for sale dropped to the lowest ever recorded.
The three largest credit reporting companies in the U.S. announced last week they will remove about 70% of medical collection debt from consumer records.
Mortgage rates at a three-year high are impacting home sales, making it tough for buyers to stretch to pay record-high property prices, NAR's chief economist said.
The surge in lending for mortgages backed by the Department of Veterans Affairs came after rates dropped to a record low in the closing days of 2020.
Rates are surging after the Fed ended a pandemic-era bond-buying program and said it would discuss at its May meeting a reduction of its balance sheet.
A homebuyer would need $48,435 of annual income to qualify for a mortgage on a $180,000 median-priced home in Detroit, making it the most affordable U.S. metro area.
Don't wait until you find your dream house to check your credit reports for errors.
Flood insurance is separate from your standard homeowner’s insurance, and if you are buying in a flood plain, most lenders
Shelling out more upfront means you'll get a lower rate and a smaller mortgage payment, but is it the right course for everyone?
