interest rates
Fed doesn't expect inflation to hit 2% target until 2025, won't commit to rate cuts
Fed policymakers need more evidence the rate of price increases will hit its 2% target before slashing interest rates, according to Jerome Powell.
Fed's preferred inflation gauge rose 2.6% in May in signal that prices could be easing
Economists had expected the report to show a modest easing of inflation to 2.6% in May, following a 2.7% reading in April.
The 7 worst states to buy a home in right now, experts reveal
Whether you’re saving for a house, waiting for mortgage rates to drop, or planning a big move, diving into market research now is the smartest move.
Home prices are rising fast in these 10 cities — with some surprises leading the pack
Home prices reached a median of $442,500 in May, according to Realtor.com® data—that’s up just slightly from $441,000 a year earlier.
New home sales plummet to lowest level since November as mortgage rates stay high
The median new house price fell 0.9% to $417,400 in May from a year ago. Nearly half of the new homes sold last month were priced under $399,000.
Nearly every American has seen their cost of living increase — here's how they're handling the hike
Nearly nine in 10 Americans have seen their cost-of-living increase over the past five years, and a new study has found it’s having a massive impact on how they’re shopping,...
Home sales drop for third straight month as prices hit record high
The national median sales price rose 5.8% from a year earlier to $419,300, an all-time high on records going back to 1999. It’s also up 51% from five years ago.
Retail sales rise by paltry 0.1% as shoppers feel pinch of high inflation
Retail sales barely increased last month while figures from prior months were revised downward, according to Commerce Department data.
The Fed’s latest interest rate decision could affect a housing market near ‘breaking point’
Mortgage rates are likely to remain elevated through the summer, after Federal Reserve policymakers held the benchmark interest rate steady at their latest meeting.
These 10 US cities have the most homes under $200K—but maybe not for long
Since the COVID-19 pandemic, real estate prices skyrocketed. Here are some cities with homes priced below $200,000 that make up the vast majority of listings.
Real estate expert says market in 'housing doomsday' scenario: 'Something we haven't seen in our lifetime'
Former Bravo star and "Million Dollar Listing" agent Kirsten Jordan — and high-grossing brokers just like her — are wrestling with a pessimistic market that’s allegedly never been seen before.
Fed holds rates steady, sees just one cut in 2024 despite inflation progress
“We’ll need to see more good data to bolster our confidence that inflation is moving sustainably toward 2%,” Chair Jerome Powell said at a news conference after the Fed meeting...
Here’s how many home sales were ‘lost’ by the mortgage rate lock-in effect
The lock-in effect refers to the phenomenon where homeowners with existing mortgages at lower interest rates are hesitant to sell their homes and buy new ones at a much higher mortgage rate.
This is when you can expect mortgage rates to go down -- and why you should buy before a recession hits
Patience is a virtue, especially when it comes to the wait for interest rates to lower amid the ongoing battle against languishing inflation.
5 states where homebuyers could save more than $100K by comparison shopping for a mortgage
For many prospective homebuyers, high mortgage rates are putting a damper on the dream of homeownership.
For the first time since 2022, home prices are falling amid sky-high mortgage rates
A new Redfin report shows that 6.4% of home sellers have slashed prices in the month leading up to May 26, the highest percentage of cuts since late 2022.
Do you have an adjustable-rate mortgage? The clock is ticking, here's what you need to do right now
Today’s high interest rates have created a ticking time bomb for the many homebuyers who took out an adjustable-rate mortgage near the onset of the COVID-19 pandemic.
Inflation gauge closely watched by Fed shows prices still well above 2% target
The report from the Commerce Department also showed tepid consumer spending, a wrinkle that could help the Fed's inflation fight or cause jitters if the economy cools too quickly.
Want to buy a new home but keep your low-interest rate? Try this simple mortgage hack
Enter “mortgage porting,” the practice of transferring the terms of your existing mortgage over to a new property. But how exactly does it work, and what will you need to qualify?
Mortgage rates fall below 7% for first time in over a month in boost for homebuyers
The rate on a 30-year mortgage fell to 6.94% from 7.02% last week, the third straight weekly decline.