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

How Fed Rates Influence Mortgages, Credit Cards, Savings and More

Here’s how the central bank’s interest rate stance influences car loans, credit cards, mortgages, savings and student loans.

The New York Times - 1d

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 - 5h

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

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 - 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

New-home prices drop to a three-year low, even as sales improve in 2024

High mortgage rates weighed on new-home sales, which increased 2.5% from 2023 to 2024.

MarketWatch - 3d

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

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 - 6d

December Sales Rose for Small Businesses, Except Restaurants

The Fiserv Small Business index rose from November, as point-of-sale data showed a pickup in purchases during the end of the holiday season, possibly at the expense of dining out.

Inc. - Jan. 22

Mortgage rates aren't likely to fall any time soon — here’s why

Mortgage rates have more than doubled from recent lows in 2021. They're not poised to fall much any time soon, economists said.

CNBC - Jan. 21

Reeves backs plans for looser limits on mortgage lending

UK chancellor favours proposals by financial regulator for banks to take more risks to boost home ownership

Financial Times - Jan. 20

When will HELOC interest rates drop again?

HELOC interest rates recently fell to an 18-month low. Here's when they could decline again.

CBS News - Jan. 17

British retail sales unexpectedly drop in December

Pound falls and gilts rally as investors bet on more interest rate cuts

Financial Times - Jan. 17

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

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

Shares of Cartier owner Richemont jump 16% as sales rise in December quarter

Cartier owner Richemont on Thursday reported a 10% increase in third quarter sales even as China demand weighed.

CNBC - Jan. 16

Mortgages, credit cards, auto loans: Expert predictions for interest rates in 2025

The Federal Reserve is expected to cut rates further in 2025, paving the way for slightly lower borrowing costs for consumers.

CNBC - Jan. 16

Core inflation rate slows to 3.2% in December, less than expected

The consumer price index was expected to rise 0.3% in December and show an annual inflation rate of 2.9%.

CNBC - Jan. 15

Inflation Rose in December, Putting Rate Cuts Into Question

The consumer price index rose 2.9 percent in the last month of the year, the Labor Department reports.

Inc. - Jan. 15

CPI edged higher in December, complicating the Fed's rate decision

Inflation is proving stickier than expected, which could cause Fed to hit pause button on more interest rate cuts.

CBS News - Jan. 15

Will mortgage rates fall below 6% in 2025? What experts say

Rates could fall that low, but certain conditions must play out for that to happen this year, experts say.

CBS News - Jan. 13

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

The unemployment rate for Black women fell in December, following a sharp rise

Black women saw a decline in the unemployment rate in December, as it slipped to 5.4%. That is an improvement from November’s rate of 5.9%.

CNBC - Jan. 10

Mortgage rates are not rising yet but Reeves has to act

Why Rachel Reeves needs a more detailed growth strategy - and soon.

BBC News - Jan. 10

U.S. economy adds 256,000 jobs in December, unemployment rate at 4.1%

The final jobs report of the Biden administration has been released. It shows that the U.S. economy added 256,000 jobs in December and that the unemployment rate came in at 4.1%. NBC News’ ...

NBC News - Jan. 10

Fed Governor Bowman says December interest rate cut should be the last

Federal Reserve Governor Michelle Bowman said Thursday she supported the recent interest rate cuts but doesn’t see the need to go any further.

NBC News - Jan. 9

Fed Governor Bowman says December interest rate cut should be the last

Bowman said Thursday she supported the recent interest rate cuts but doesn't see the need to go any further.

CNBC - Jan. 9

30-Year Mortgage Rate Climbs to 6.93%, the Highest Since July

Borrowing costs have been rising for months, tracking yields on government bonds. The move threatens to push more buyers and sellers to the sidelines.

The New York Times - Jan. 9

Greggs shares drop on sales slowdown

UK bakery chain blames ‘subdued high street footfall’ for weaker earnings

Financial Times - Jan. 9

What factors drive mortgage loan interest rates?

The Fed rate decisions aren't the only factor that plays a role in where mortgage rates head next.

CBS News - Jan. 8

Mortgage rates hit highest level since July, crushing application demand

Total mortgage application volume dropped 3.7% compared with the previous week.

CNBC - Jan. 8

Here's where mortgage rates could be headed in 2025

Mortgage rates in 2025 are expected to remain above 6%, according to multiple industry forecasts.

The Hill - Jan. 8

December sales provide little cheer for retailers

Black Friday boosted monthly sales, but overall 2024 was a lacklustre year for retail, figures show.

BBC News - Jan. 7

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

German inflation rate climbs to 2.6% in December

Yahoo News - Jan. 6

Where are mortgage, CD and credit card rates heading in 2025?

The Fed has been pushing down borrowing cuts since September, yet mortgage rates remain close to 7%. Here's what to expect in 2025.

CBS News - Jan. 3

Tesla's annual sales drop for the first time in a decade

Tesla's increase in global sales in the fourth quarter was not enough to overcome a sluggish first half of the year.

CBS News - Jan. 2

BYD, Chinese EV Peers Post Record Sales for December

Chinese electric-vehicle makers have benefited from a government trade-in program in the world’s largest market for EVs.

The Wall Street Journal - Jan. 1

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

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