Pending home sales drop sharply in December as mortgage rates surge back over 7%
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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 - 1h -
Mortgage rates are stuck at 7% as Fed holds steady on interest rates
Bad news for home buyers: Mortgage rates are largely stuck at 7% for the time being.MarketWatch - 1d -
Mortgage demand drops further, even as interest rates settle
Mortgage rates didn’t move last week, but demand for new home loans continued to weaken.NBC News - 1d -
Mortgage demand drops further, even as interest rates settle
Mortgage rates didn't move last week, but demand for new home loans continued to weaken.CNBC - 1d -
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 - 5d -
British retail sales unexpectedly drop in December
Pound falls and gilts rally as investors bet on more interest rate cutsFinancial Times - Jan. 17 -
30-Year Mortgage Rate Rises Above 7% for First Time Since May
The latest jump threatens to sideline more buyers and sellers.The New York Times - Jan. 16 -
Mortgage rates were expected to fall, but they’re surging. There’s a reason for that.
Rates were supposed to go down — but a strong U.S. economy is getting in the way.MarketWatch - Jan. 11 -
7 ways to get a lower mortgage rate in 2025
Lowering your interest rate can save you money over the life of the loan. Here are seven ways to make it happen.CBS News - Jan. 6
More from CNBC
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Apple shares rise after guidance for continued revenue growth
Although Apple's overall sales rose during the quarter, the company's closely watched iPhone sales actually declined slightly on a year-over-year basis.CNBC - 4m -
Trump lashes out at Biden, DEI efforts after D.C. plane crash
President Donald Trump, without offering evidence, said the collision between an American Airlines jet and an Army helicopter "could have been" due to DEI.CNBC - 1h -
Deadly American Airlines-helicopter collision highlights concerns with crowded U.S. airspace
Airline executives have pushed the government to modernize air traffic control and alleviate congestion in some of the busiest air corridors in the U.S.CNBC - 1h -
Intel issues weak forecast, but beats on fourth-quarter results
Intel said seasonality, competition and an uncertain economy are resulting in challenges to its business.CNBC - 7m -
IBM rallies 13%, notches best day since 2000 on strong earnings
CEO Arvind Krishna said the company posted $5 billion in bookings for its generative AI segment.CNBC - 1h
More in Business
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Apple shares rise after guidance for continued revenue growth
Although Apple's overall sales rose during the quarter, the company's closely watched iPhone sales actually declined slightly on a year-over-year basis.CNBC - 4m -
Visa gives rosy guidance as spending growth improves
Visa saw 9% growth in spending volume during the December quarter versus 8% in the September quarter.MarketWatch - 6m -
‘I thought about filing for conservatorship’: I bought a home with my elderly parents. They reneged on their promise to sell their house and repay me. What now?
“The agreement was that, as soon as they sold their home, they would refinance the mortgage.”MarketWatch - 7m -
Intel issues weak forecast, but beats on fourth-quarter results
Intel said seasonality, competition and an uncertain economy are resulting in challenges to its business.CNBC - 7m -
‘I have a new lease on life’: I sold my business for $130,000. It’s the first time I’m not living paycheck to paycheck. What should I do with this money?
“I have $150,000 left on my mortgage with 7.3% interest.”MarketWatch - 21m