Mortgages
A record percentage of pending home sales fell through last month in what could either be a bad signal for the housing market or just discerning buyers flexing their renewed clout. Researchers at the listing website Redfin dug into December’s pending-sale data, and they found that more than 40,000 home purchase agreements were canceled last…
A solid majority of millennials still think home ownership is part of the American dream, but like everyone else, they are finding the current housing landscape challenging. Unlike Generation Z, though, they are more motivated and better situated to enter the market. Some 1,000 millennials who said they wanted to buy a home in 2026…
It has been a whirlwind of news on the mortgage rates front over the last few days as the 30-year note crossed a critical threshold. Meanwhile, the independence of Federal Reserve policy appears more under threat than ever amid a criminal investigation into the central bank’s chair. First, Mortgage Rates Last Thursday, President Donald Trump…
By Jonathan MillerSpecial Contributor The Fed Cuts And The Search For A Heart Of Gold Neil Young’s 1980 political album Hawks & Doves was disappointing to his fans after the barn-burner Rust Never Sleeps and the classics After the Gold Rush and Harvest set the standard. For me, the Hawks & Doves album symbolized the beginning of a weaker era of his albums and perhaps,…
Who would’ve thought even 10 years ago that cryptocurrency would become such a part of the American financial scene that you could use it to buy a home without converting it to cash? Well, that’s where we are now. It’s such an institution that crypto mortgages have entered the lending space. I’m clearly behind the…
