Mortgage rates drop below 7%, may signal that inflation has peaked: Freddie Mac
The average rate for a 30-year fixed-rate mortgage dropped to 6.61% last week, according to Freddie Mac.
Thanksgiving week earnings, economic reports, market recap and more: Monday's 5 things to know
For a second-straight week, retailers will be reporting their third-quarter results. Among the companies expected to report are Urban Outfitters, Dell, J. M. Smucker and Baidu.
On 'American Dream Home,' a pair of homebuyers seek their 'Color Me Orange Beach' house
Orange Beach, a city on Alabama's Gulf Coast, was exactly where one couple wanted to be — and they looked for their "American Dream Home" with the help of host Cheryl Casone of Fox Business.
Mortgage rates tumble to 6.61%
The 30-year fixed rate mortgage declined to 6.61%, the most since 1981, after nearly 10 weeks of increases.
Affordability squeezing homebuyers’ wallets as builders face 'worst-case scenario'
National Association of Home Builders CEO Jerry Howard argues rising costs and mortgage rates has created "the worst case scenario" in building more affordable starter homes.
No market can build an 'affordable' home for first-time buyers: NAHB CEO Jerry Howard
National Association of Home Builders CEO Jerry Howard says construction costs and regulations make it 'impossible' to build an affordable home.
Americans face rising home affordability hurdles
FOX Business' Gerri Willis speaks to Redfin chief economist Daryl Fairweather, who argues that median income is not keeping up with the salary needed to buy a typical U.S. home.
Mortgage refinancing dries up
A decline in mortgage rates couldn't boost the refinancing area of the mortgage market. Meanwhile, demand for mortgage applications increased 2.7% from the prior week.
Housing agency reports record financial cushion as it braces for market downturn
The FHA doesn’t issue mortgages but insures lenders against losses. Borrowers can pay for insurance on mortgages with down payments of as little as 3.5%.
Mortgage rates rise as Fed fights inflation: Freddie Mac
Rates for the 30-year mortgage increased again after a slight dip the week before following the Federal Reserve's recent announcement that it was raising rates again, according to Freddie Mac.
California man sentenced 9 years for $6 million real estate scam
A California man was sentenced to nine years in prison for his involvement in a $6 million real estate scam. His sister and a co-conspirator will be sentenced in May.
Couple finds their 'American Dream Home' in Wildwood, Missouri: 'Room to play'
On "American Dream Home" on Fox Business, host Cheryl Casone helped a couple and their four children find a new place to live in a beautiful part of the country: Wildwood, Missouri.
US’s real estate market continues to suffer from withering home supply: Mitch Roschelle
Macro Trend Advisors founding partner Mitch Roschelle discusses the real estate market and the potential ways Americans can attempt to fend off high mortgage rates.
WeWork plans to shutter 40 locations in US
Office co-working company WeWork announced on Thursday that it has plans to soon shutter over three dozen locations across the United States.
Fannie Mae's new rent reporting program helps renters build credit
Fannie Mae introduced a new rent reporting program that will allow renters to build credit and could open a path to homeownership.
Mortgage rates climb back above 7%
Mortgage rates have seen record high's over the last 10 weeks, climbing to and the hovering around 7%. This week they climbed up to 7.08% doubling last year.
Home price growth slows in August at the fastest pace on record: Case-Shiller
Annual home price growth had the 'largest deceleration in the history of the index' in August, according to the S&P CoreLogic Case-Shiller's National Home Price NSA index.
Steve McQueen’s Malibu beach house, the late star's escape from Hollywood, hits the market for $17M
Steve McQueen, the movie star who was nicknamed the “King of Cool,” passed away in 1980 at age 50. His luxurious Malibu beach house has hit the market.
Redfin to lay off 13% of staff, shutter home-flipping business
Online real estate company Redfin announced that it's reducing its workforce again. This time, 862 employees will be laid off amid the uncertain economic environment.
Mortgage holders lost massive amount of equity in the third quarter: report
Mortgage-lending software and analytics company Black Knight found U.S. mortgage holders saw a massive loss of equity in the third quarter.