Weekly mortgage refinance demand is down more than 40% in the past month
[ad_1] Homes in Pacifica, California, US, on Monday, March 23, 2026. David Paul Morris | Bloomberg | Getty Images Mortgage rates moved even higher again last week, as the war with Iran continues to stoke fears of inflation. As a result, total mortgage application volume fell again, down 10.4% from the previous week, according to […]
The spring housing market is on, but mortgage rates just shot higher. Here’s what to know.
[ad_1] A realtor gives neighbors a tour during an open house at a home in Palm Beach Gardens, Florida, on Jan. 11, 2026. Zak Bennett | Bloomberg | Getty Images Spring is traditionally the busiest season for home sales, and while this year’s market dynamics have shifted strongly in favor of buyers, broader forces in […]
Mortgage rates surge to highest since September, hitting spring housing market
[ad_1] In an aerial view, two-story single family homes line the streets of neighborhood on Jan. 13, 2026 in Thousand Oaks, California. Kevin Carter | Getty Images Mortgage rates surged to their highest level since September on Friday as bond yields moved higher due to the war in Iran. The average rate on the 30-year […]
Private companies added 63,000 jobs in February, January revised to just 11,000 additions, ADP says
[ad_1] A “Now Hiring” sign is seen at a Dollar Tree store on Feb. 11, 2026 in Hollywood, Florida. Joe Raedle | Getty Images Private sector hiring was a bit better than expected in February, though most of the job creation came from just two sectors, ADP reported Wednesday. Companies added a seasonally adjusted 63,000 […]
New York Fed’s Williams says tariff burden falls ‘overwhelmingly’ on U.S. businesses and consumers
[ad_1] John Williams, president and chief executive officer of the Federal Reserve Bank of New York, speaks during an Economic Club of New York (ECNY) event in New York, US, on Thursday, Sept. 4, 2025. David Dee Delgado | Bloomberg | Getty Images American consumers and businesses are taking most of the hit from President […]
Mortgage rates hit lowest level in nearly 4 years, but homebuyers are still stuck on the sidelines
[ad_1] Prospective buyers arrive during an open house at a home in Seattle, Washington, US, on Sunday, Jan. 18, 2026. David Ryder | Bloomberg | Getty Images Mortgage rates dropped sharply last week, and while that helped to prolong gains in refinancing, homebuyer demand seemed unimpressed. Total mortgage application volume was essentially flat, rising just […]
Fed’s Goolsbee calls for a hold on cuts as current rate of inflation is ‘not good enough’
[ad_1] Austan Goolsbee, President and CEO of the Federal Reserve Bank of Chicago, speaks to the Economic Club of New York in New York City, U.S., April 10, 2025. Brendan McDermid | Reuters Chicago Federal Reserve President Austan Goolsbee said Tuesday that interest rate cuts aren’t appropriate until there’s more evidence that inflation is on […]