December Mortgage - QuikReader

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 - 14h

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 - 10h

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

Bank of England warns of risks in relaxing mortgage limits

Andrew Bailey welcomes ‘open public debate’, but cautions that easing rules could lead to more repossessions

Financial Times - 1d

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

UK borrows far more than expected in December

Government borrowing hits £17.8bn as chancellor Rachel Reeves faces pressure to turn around the economy

Financial Times - 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

Newsom announces bank mortgage loan grace period after wildfires

California Gov. Gavin Newsom (D) announced on Saturday commitments from five major banks to offer homeowners affected by the wildfires a 90-day grace period on their mortgage payments. The ...

The Hill - Jan. 19

Mortgage rules could be eased to boost loans

The £100 limit on contactless cards could also be scrapped, as regulators respond to the prime minister's plea.

BBC 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

4 reasons to get preapproved for a mortgage loan this January

If you're entering the home market soon, experts say this is a good time to get pre-approved for a mortgage.

CBS News - 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

Here's the inflation breakdown for December 2024 — in one chart

The consumer price index, an inflation gauge, rose 2.9% on an annual basis in December 2024 on the back of higher food and energy prices.

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

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

U.S. Employers Add 256,000 Jobs in December

A December gain of 256,000 blew past forecasts, and unemployment fell to 4.2 percent. But markets recoiled as interest rate cuts seemed more distant.

The New York Times - Jan. 10

Here’s where the jobs are for December 2024 – in one chart

December's job report marked another month of stronger-than-expected growth, with gains coming in many different areas of the U.S. economy.

CNBC - Jan. 10

The Most-Downloaded PS5 Games Of December 2024

Sony has shared the most-downloaded PlayStation 5 games of December 2024, and to no one's surprise, Call of Duty: Black Ops 6 once again retains its stranglehold on the No. 1 slot. It's simply ...

GameSpot - 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

December jobs report exceeds expectations

The labor market came in much hotter than expected in the final jobs report of President Biden's administration. CBS News MoneyWatch correspondent Kelly O'Grady has more.

CBS News - Jan. 10

US adds whopping 256K jobs in December

The U.S. added 256,000 jobs and the unemployment rate ticked down to 4.1 percent in December, according to data released Friday by the Labor Department. The December jobs report showed the U.S. ...

The Hill - Jan. 10

December jobs report expected to show hiring slowdown

The December jobs report is set to be released later Friday morning and it's expected to show slowing growth. According to a survey of forecasters by the data firm FactSet, U.S. employers are ...

CBS News - Jan. 10

UK debt market sell-off threatens mortgage pain for households

Some 700,000 borrowers face jump in repayments when fixed-rate deals end this year

Financial Times - Jan. 10

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

5 ways to save on your mortgage payments this January, according to experts

Saving on mortgage payments could help you start the new year strong. Here's how to get started.

CBS News - 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

UK house prices dipped in December, says Halifax

Decline is first for nine months although prices still 3.3% above last year

Financial Times - Jan. 7

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

C.F.P.B Sues Unit of Warren Buffett’s Berkshire Hathaway Over Risky Mortgages

A federal consumer bureau claims Vanderbilt Mortgage, owned by Berkshire Hathaway, made loans to buyers of manufactured homes it knew could not repay them.

The New York Times - Jan. 6

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

Shops offered grottos and wine to combat 'drab' December

Small businesses are offering incentives to entice customers as consumer confidence remains low.

BBC News - Jan. 3

UK mortgage approvals fall in November

Unexpected decline interrupts recovery in housing market activity

Financial Times - Jan. 3

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

Mortgage demand dives nearly 22% to end 2024

A sharp rise in mortgage interest rates took its toll on mortgage demand, hitting just as the housing market entered its typically slowest stretch of the year.

NBC News - Jan. 2

Mortgage demand dives nearly 22% to end 2024

Rising mortgage interest rates collided with the slowest month of the year for sales.

CNBC - Jan. 2

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