Mortgage rates march toward 7%, reaching highest level since 2007

Mortgage rates march toward 7%, reaching highest level since 2007

The numbers: Mortgage rates continue to march toward 7%, putting pressure on people looking to buy a home. The 30-year fixed-rate mortgage averaged 6.7% as of Sept. 29, according to data released by Freddie Mac FMCC, -2.71% on Thursday. Mortgage rates are rising as the Federal Reserve pushes up key interest rates to fight the … Read more

US existing-home sales fall for the seventh straight month in August and the Fed is about to inflict ‘some pain’ with a 75-basis-point rate hike — here’s how to prepare your wallet and your portfolio

US existing-home sales fall for the seventh straight month in August and the Fed is about to inflict ‘some pain’ with a 75-basis-point rate hike — here’s how to prepare your wallet and your portfolio

Hi, MarketWatchers. Don’t miss these top stories. Brace yourself: The Fed is about to inflict ‘some pain’ with a 75-basis-point rate hike. Here’s how to prepare your wallet and your portfolio. This marks the Federal Reserve’s third 75-basis-point rate hike this year. Read More US existing-home sales fall for the seventh straight month in August … Read more

How to manage your finances when inflation is high, interest rates keep shooting up and study finds women’s financial well-being sinks to five-year low

US existing-home sales fall for the seventh straight month in August and the Fed is about to inflict ‘some pain’ with a 75-basis-point rate hike — here’s how to prepare your wallet and your portfolio

Hi, MarketWatchers. Don’t miss these top stories. ‘No wonder consumer confidence has been falling’: Women’s financial well-being sinks to five-year low, study finds Only 14% of women say they’re prepared for a recession, compared with 30% of men, according to a survey by Ellevest, a women’s investing platform. Read More Weekend reads: How to manage … Read more

How to manage your finances when inflation is high, interest rates keep shooting up and study finds women’s financial well-being sinks to five-year low

US existing-home sales fall for the seventh straight month in August and the Fed is about to inflict ‘some pain’ with a 75-basis-point rate hike — here’s how to prepare your wallet and your portfolio

Hi, MarketWatchers. Don’t miss these top stories. ‘No wonder consumer confidence has been falling’: Women’s financial well-being sinks to five-year low, study finds Only 14% of women say they’re prepared for a recession, compared with 30% of men, according to a survey by Ellevest, a women’s investing platform. Read More Weekend reads: How to manage … Read more

Mortgage rates hit 6.29%, Freddie Mac says and rents fell in August for the first time since November 2021

US existing-home sales fall for the seventh straight month in August and the Fed is about to inflict ‘some pain’ with a 75-basis-point rate hike — here’s how to prepare your wallet and your portfolio

Hi, MarketWatchers. Don’t miss these top stories. Rents fell in August for the first time since November 2021, but tenants are still struggling. Here’s why. Rents dropped from July to August, and annual growth appears to be slowing down. Read More How much should I tip my housekeeper? My husband says that we should tip … Read more

The number of millionaires will nearly double around the world by 2026 and the US economy loses billions of dollars a year due to the sharp decline in refugee admissions

US existing-home sales fall for the seventh straight month in August and the Fed is about to inflict ‘some pain’ with a 75-basis-point rate hike — here’s how to prepare your wallet and your portfolio

Hi, MarketWatchers. Don’t miss these top stories. Mark Cuban says Gen Z is the ‘greatest generation,’ and calls baby boomers ‘disappointing’ ‘Boomers are gonna go down in history as the most disappointing generation ever,’ Cuban said. Read More What recessions? The number of millionaires will nearly double around the world by 2026 And China will … Read more

The number of millionaires will nearly double around the world by 2026 and the US economy loses billions of dollars a year due to the sharp decline in refugee admissions

US existing-home sales fall for the seventh straight month in August and the Fed is about to inflict ‘some pain’ with a 75-basis-point rate hike — here’s how to prepare your wallet and your portfolio

Hi, MarketWatchers. Don’t miss these top stories. Mark Cuban says Gen Z is the ‘greatest generation,’ and calls baby boomers ‘disappointing’ ‘Boomers are gonna go down in history as the most disappointing generation ever,’ Cuban said. Read More What recessions? The number of millionaires will nearly double around the world by 2026 And China will … Read more

‘Prices ran wild the past two years’: Home builders say ‘housing recession shows no signs of abating’

‘Prices ran wild the past two years’: Home builders say ‘housing recession shows no signs of abating’

The numbers: The National Association of Home Builders’ (NAHB) monthly confidence index fell 3 points to 46 in September, the trade group said on Monday. It’s the ninth month in a row that the index has failed, and excluding the pandemic, the September reading of 46 is the lowest since May 2014. A year ago, … Read more

Weekend reads: This may cause the next financial crisis and these are the most — and least — vulnerable housing markets if the US heads into a recession

US existing-home sales fall for the seventh straight month in August and the Fed is about to inflict ‘some pain’ with a 75-basis-point rate hike — here’s how to prepare your wallet and your portfolio

Hi, MarketWatchers. Don’t miss these top stories. Weekend reads: This may cause the next financial crisis Also, a preview of the Federal Reserve’s next moves to fight inflation and a painful warning from FedEx. Read More These are the most — and least — vulnerable housing markets if the US heads into a recession Housing … Read more

‘Home-price declines will likely continue’ as mortgage rates exceed 6%: Freddie Mac and IRS will staff up customer-service phone lines for tax season

US existing-home sales fall for the seventh straight month in August and the Fed is about to inflict ‘some pain’ with a 75-basis-point rate hike — here’s how to prepare your wallet and your portfolio

Hi, MarketWatchers. Don’t miss these top stories. Yellen: IRS will staff up customer-service phone lines for tax season, now that it has $80 billion from Inflation Reduction Act A frustrating lack of phone service at the IRS for both taxpayers and tax preparers has been a glaring problem, experts have said. Read More Is the … Read more