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Homebuilder confidence deteriorates again in November — but could the worst be over?
More builders classified housing conditions as poor than good in November. But the gloom may be coming to an end soon.
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Mortgage rates edge lower for first time in roughly two months
The average rate on the 30-year fixed mortgage decreased to 7.76% from 7.79% the previous week. That breaks a seven-week streak of increases.
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Student loans: Early data shows repayments are already taking a toll
The data provides the earliest indications of the kind of impact those repayments could have on both households and the economy
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Mortgage rates edge even closer to 8%, levels not seen in more than two decades
The average rate on the 30-year fixed mortgage increased to 7.63% from 7.57% the previous week, Freddie Mac reported.
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Housing: Existing home sales sink in September as mortgage rates keep buyers and sellers in place
Sales of previously owned homes dropped 2% from August to a seasonally adjusted annual rate of 3.96 million.
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Builders added more homes last month, but future activity could wane
New residential construction, including single-family homes and multifamily, increased 7% month over month in September to 1.358 million units.
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Homebuilders feel lousy about housing conditions — except for maybe the biggest ones
Homebuilder pessimism deepened this month as mortgage rates reached 23-year highs.
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Pinched homebuyers turn to adjustable-rate mortgages to make the payment math work
The volume of ARM applications jumped 15% last week from the previous one.
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Homebuying activity slumps to lowest level since 1995
The volume of mortgage applications for a home purchase last week was the smallest in 28 years.
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A troubling share of Americans aren't paying their credit cards in full: survey
J.D. Power found that 51% of Americans can’t pay off their entire balance each month and instead let it revolve to the next month.
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Mortgage giant Fannie Mae says a recession is still coming at the end of the year
Fannie Mae's analysts have predictions on the economy, where home prices are going, and if mortgage rates will fall.
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Americans' retirement confidence 'the lowest it's ever been'
BlackRock found that only 56% of folks say they feel on track for retirement, down from 63% in 2022 and 68% in 2021.
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Student loans: Biden unveils Plan B after Supreme Court strikes down forgiveness
The Biden administration unveiled three efforts to help student loan borrowers.
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There's a clear winner in today’s housing market. Hint: it's not the buyer.
A fistful of housing data this week essentially declared who is winning in the current housing market. It’s certainly not homebuyers, who are picking through too-few choices to buy at still-high prices and elevated mortgage rates. It’s not sellers, many of whom are not even in the game. The winners: The homebuilders.
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Housing's inventory problem got a little better in May for buyers and renters
New construction of both single- and multi-family units jumped 21.7% to a seasonally adjusted annual rate of 1.631 million units in May.
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Homebuilders are liking today’s housing market
Builder confidence pushed into positive territory for the first time in 11 months, according to the National Association of Home Builders (NAHB)/Wells Fargo housing market index.
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'A definitive recovery?' Home prices increase for the second month in a row
The S&P CoreLogic Case-Shiller US National Home Price index rose 0.4% in March compared with the previous month.
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'A sign of trouble?' Why more Americans are missing their debt payments.
The delinquency transition rate for credit cards—the share of credit card debt that is 30 days or more past due— is approaching pre-pandemic levels. That's not great news.
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Social Security surplus will run out in 10 years, report estimates
Social Security would be able to pay out only 77% in benefits starting in 2033, according to the new estimates.
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Americans lost a lot of financial ground last year. Is the worst over?
The share of Americans who feel financially healthy declined by 9 percentage points in March from a year ago.