Photo by Brandon Bell/Getty Images The housing market is frozen, and affordability is unlikely to get better soon, experts told Insider. Activity has slowed thanks to high mortgage rates, which have pushed both buyers and sellers out of the market. ...
Good Day Friends Latest Articles
Housing is so unaffordable that banks are losing money for each mortgage they finance for the first time ever
BrightRobert Galbraith/ Reuters Housing is so unaffordable banks lost money for each mortgage they financed last year, according to a new report. Mortgage banks and subsidiaries lost an average $301 per loan, the first negative profit recorded by the Mortgage ...
The 30-year fixed mortgage rate drops to a 6-week low as banking turmoil sent bond yields tumbling in March
BrightA man walks past open house signs in front of condominiums for sale in Santa Monica, California. Reuters/Lucy Nicholson The 30-year fixed mortgage rate fell to its lowest in six weeks, tracking falling bond yields. The rate fell to 6.45%, ...