mortgage rate

Chinese Stocks Fall as Traders Shrug off Rate Cut: Markets Wrap

Business
Jessica Roberts

(Bloomberg) — Chinese equities slipped as a reduction in the nation’s mortgage reference rate failed to dispel the gloom surrounding the world’s ...

Here’s the good news — and the bad news

Business
Jessica Roberts

The housing market has been pushed out of reach for some Americans by sky-high mortgage rates.Getty Images US housing market affordability will ...

The housing market has hit ‘rock bottom’ and the sales slump will last a long time, Redfin CEO says

Business
Jessica Roberts

Sundry Photography/Shutterstock The housing market can’t get much worse from here, according to Redfin CEO Glenn Kelman. High mortgage rates and high ...

Home buyers are backing out of deals at the highest rate in a year as surging mortgage rates slam the housing market

Business
Jessica Roberts

Ocala, FloridaMichael Warren/Getty Images People are cancelling home deals at the highest rate in a year, as high mortgage rates give buyers ...