Lower mortgage rates draw homeowners in — but keep home buyers out

• 

  Pending home sales drop sharply in December as mortgage rates surge back over 7%

  Signed contracts on existing homes dropped a sharp 5.5% in December from the previous month and fell 5% from the prior year, according to the National Association of Realtors.
  
  NBC News - 5d

• Pending home sales drop sharply in December as mortgage rates surge back over 7%

  Pending home sales in the U.S. fell in December as mortgage rates climbed again.
  
  CNBC - 6d
• 

  Trump lashes out after Fed keeps interest rates steady

  US president had called on the central bank to sharply reduce borrowing costs
  
  Financial Times - 6d

• Is the Fed interest rate pause good for mortgage rates?

  The Fed's rate pause is likely to impact borrowing costs — but will it make mortgage loans more affordable?
  
  CBS News - Jan. 29
• 

  Existing-Home Sales in 2024 Were Slowest in Decades Amid High Mortgage Rates

  The market perked up late in the year when interest rates eased, but affordability challenges yielded the fewest transactions since 1995.
  
  The New York Times - Jan. 25

• Trump promised to lower housing costs. Mortgage rates stand in the way.

  The 30-year mortgage rate fell for the first time in six weeks, but remains elevated.
  
  MarketWatch - Jan. 24

• Mortgage rates rise past a key mark, signaling bad news for home buyers

  The 30-year mortgage rate inched up for the fifth week in a row, Freddie Mac says, making it more expensive to take on a mortgage.
  
  MarketWatch - Jan. 16

• Capital One cheated customers out of $2 billion by keeping deposits in lower-yield accounts, CFPB says

  The Consumer Financial Protection Bureau is suing Capital One, which it says kept customers in the dark about higher-yielding savings accounts.
  
  MarketWatch - Jan. 15

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• Corporate profits are near all-time highs, while wages are near lows. How long can this last?

  The U.S. has very high corporate profits, very high asset prices, very high fiscal deficits, very high trade deficits, and very low wages versus history, notes Deutsche Bank. Does something have to ...
  
  MarketWatch - 1h

More in Business

• Alphabet shares fall more than 7% on revenue miss, AI investment boost

  Alphabet shares dropped after the search giant fell short of Wall Street's fourth-quarter revenue expectations and announced big spending plans
  
  CNBC - 10m

• Novo Nordisk CEO says he's confident about Wegovy supply, next-generation weight loss drugs

  Ozempic and Wegovy maker Novo Nordisk quieted Wall Street's concerns with its fourth-quarter results and 2025 outlook.
  
  CNBC - 12m

• Trump's China tariff increase affects Ford and GM vehicles, billions of dollars in auto parts

  The largest impact on vehicles is on Ford Motor's Lincoln Nautilus and General Motors' Buick Envision.
  
  CNBC - 15m

• DOT secretary says he spoke with Elon Musk on U.S. airspace reforms

  DOT Secretary Sean Duffy slammed the use of U.S. military helicopters for "convenience" after a fatal crash.
  
  CNBC - 26m
• 

  As Big Retailers Pull Back on D.E.I., What Happens to Emerging Black Sellers?

  Black-owned brands got a foot in the door through accelerator programs at big retailers like Target and Amazon. Now they worry the door might be closing.
  
  The New York Times - 27m