Home sales drop for first time since December amid stiff mortgage rates
The spring homebuying season is off to a sluggish start as home shoppers contend with elevated mortgage rates and rising ...
Tag: interest rates
Jerome Powell warns Fed Reserve needs more time to battle stubborn inflation
The run of disappointing data showing stronger-than-expected inflation means the Federal Reserve will likely need more time than previously thought ...
Mortgage rates creep up to 7% as home-buying season begins
The average long-term US mortgage rate rose to its highest level in five weeks, a setback for prospective homebuyers during ...
MSNBC cuts off Democratic Rep. Jim Clyburn interview after he claims inflation falling
Democratic US Rep. Jim Clyburn claimed on MSNBC that the Biden administration has inflation under control — only to get ...
Buyers need a six-figure income to afford a typical home in 22 states — up from just six states in 2020: report
Buying a home in nearly half the country requires a six-figure salary — up from six states that required the ...
Fed’s preferred inflation gauge rose 2.8% in February
The core Personal Consumption Expenditure price index — the Federal Reserve’s preferred gauge of inflation — rose 0.3% in February ...
February home sales unexpectedly jump 9.5% to 1-year high
Sales of previously occupied US homes rose in February from the previous month to the strongest pace in a year ...
Home sales hit 5-month high in January while prices jump 5%
Sales of previously occupied US homes rose in January as homebuyers seized upon easing mortgage rates and a modest pickup ...
Most Fed members worried about cutting rates too quickly
The bulk of policymakers at the Federal Reserve’s last meeting were concerned about the risks of cutting interest rates too ...
Job openings rise to 9M in December as layoffs increased
America’s employers posted 9 million job openings in December, a slight increase from November and another sign that the US ...
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