US home building is surging, but job growth isn't The resurgent U.S. housing market has sent builders calling again for Richard Vap, who owns a drywall installation company. Vap would love to help - if he could hire enough qualified people. "There is a shortage of manpower," says Vap, owner of South Valley Drywall in Littleton, Colo. More
Wall Street betting billions on single-family homes in distressed markets Big investors are pouring unprecedented amounts of money into real estate hard hit by the housing crash, bringing those moribund markets back to life but raising the prospect of another Wall Street-fueled bubble that won’t be sustainable. More
The Fed Just Cut Rates Again, but Mortgage Rates Keep On Rising Earlier on Thursday, mortgage rates rose again for the sixth consecutive week, hitting a four-month high of 6.79%, according to Freddie Mac. The Fed's latest rate cut, which was universally expected ... 11/10/2024 - 5:10 am | View Link
Mortgage rate changes loom amid Fed rate cuts & Trump presidency Though the Fed was already set to cut rates at least once more before the end of 2024, the modest 0.25% rate cut targeting 4.5%–4.75% indicates that the central bank is proceeding with caution in ... 11/9/2024 - 11:17 am | View Link
The Fed just cut interest rates again, this time by a quarter of a percentage point The Federal Reserve cut interest rates by a quarter of a percent as inflation begins the path to stabilization. 11/8/2024 - 3:34 am | View Link
How the Federal Reserve's Decisions Impact Mortgage Rates The Federal Reserve doesn't directly set mortgage rates, but it influences them by making changes to the federal funds rate, the interest rate that banks charge each other for short-term loans. The ... 11/7/2024 - 6:35 am | View Link