Recent News
Pending Home Sales Increased 2.5% in December
NAR released a summary of pending home sales data showing that December’s pending home sales …
Read MoreMortgage loan limits in 2023
Conforming loan limits for 2023.
Property Type
Low Cost Limit
High Cost Limit
Single Family
$726,200
$1,089,300
Two Units
$929,950
$1,394,775
Three Units
$1,123,900
$1,685,850
Four Units
$1,396,800
$2,095,200 …
Read MoreS&P 500 confirms bear market as recession worry grows
NEW YORK (Reuters) – U.S. equities tumbled on Monday, with the S&P 500 confirming it is in …
Read MoreSales of newly built homes tumbled over 16% in April while prices soared
Sales of newly built homes sank to the slowest rate since the start of the …
Read MoreWhat is recession
A recession is a macroeconomic term that refers to a significant decline in general economic activity in …
Read MoreElon Musk Makes $43 Billion Unsolicited Bid to Take Twitter Private
World’s richest person will offer $54.20 per share in cash
Tesla executive is one of …
Read MoreU.S. Dollar Vs. Commodities: Correlation Confusion
The US Dollar Index notched a very strong April amid turmoil in Europe and Asia
…
Read MoreFed Governor Waller says half-point rate hikes could be needed as ‘inflation is raging’
Fed Governor Christopher Waller told CNBC that the central bank may need to enact one …
Read MoreThe average mortgage holder has a record $185,000 in equity.
Rising home prices mean today’s mortgage holders also have record levels of equity.
With interest …
Read MoreFed Chair Powell notes ‘highly uncertain’ Ukraine impact, but says rate hikes are still coming
Fed Chairman Jerome Powell said Wednesday he still sees interest rate hikes ahead though he …
Read MoreMortgage rates plunge just as home prices set another record.
The average rate on the popular 30-year fixed mortgage had risen close to a full …
Read MoreEconomic sanctions cripple Russian economy as ruble plunges, interest rates soar
Economic sanctions levied by the U.S. and allies have sent everyday Russians flocking to ATMs …
Read MoreStocks slide, oil jumps as Russia orders troops to Ukraine regions
SINGAPORE (Reuters) – Oil jumped to a seven-year high, safe-havens rallied and U.S. stock futures …
Read MoreLumber prices on the rise again
Source: National Assn. of HomebuildersLumber prices are climbing once again, adding thousands of dollars to …
Read MoreCalifornia lays out plan to live with Covid for the long-term.
California’s plan aims to pick up rising viral transmission early and rapidly sequence new variants …
Read MoreU.S. mortgage interest rates top 4%
(Reuters) – The interest rate on the most popular U.S. home loan surged by the …
Read MoreFed ready to raise rates, shrink balance sheet soon
Federal Reserve officials outlined plans for interest rate hikes and a reduction in the asset …
Read MoreInflation surges 7.5% on an annual basis
The consumer price index for all items rose 0.6% in January, driving up annual inflation …
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