An aerial view shows a subdivision that has replaced the once rural landscape in Hawthorn Woods, Illinois. Scott Olson | Getty Images When mortgage rates rise, consumers look for any way to lower their monthly payments, and that often leads them to adjustable-rate mortgages. These loans offer lower interest rates than their fixed-rate counterparts but…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Hosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC. 04:05 Mon, Apr 29 20248:11 PM EDT Source: www.cnbc.com
Vitapix | E+ | Getty Images Rates will keep ‘buyers and sellers on their toes’ “The biggest thing when we’re looking at mortgage rates right now is volatility,” said Nicole Bachaud, a senior economist at Zillow Group. While some buyers have come to terms with 7% interest rates, the volatility of rates is “really the…
Saudi Arabia’s economy minister rejected recent reports that the kingdom’s $1.5 trillion NEOM megaproject, a futuristic desert development on the Red Sea coast, is scaling back some of its plans. “All projects are moving full steam ahead,” Faisal Al Ibrahim told CNBC’s Dan Murphy on Monday at the World Economic Forum’s special meeting in Riyadh.…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Bruce Ratner, former New York City real estate developer and ‘Early Detection’ author, joins ‘Squawk Box’ to discuss the real estate market, state of commercial real estate, mortgage rate outlook, Ratner’s personal crusade against cancer, and more. Source: www.cnbc.com
While the spring housing market has been plagued with low supply, high prices and spiking interest rates, would-be homebuyers are focusing on new construction. The reason? New homes have more incentives and availability than previously owned ones. “There’s more opportunity in new construction,” said Nicole Bachaud, a senior economist at Zillow Group. About 693,000 new…
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A residential real estate sold sign is seen in Washington, D.C. Brendan Smialowski | AFP | Getty Images Mortgage rates rose for the third straight week last week, hitting the highest level since November. As a result, mortgage application demand dropped 2.7% compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Hosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC. 04:06 Tue, Apr 23 20248:26 PM EDT Source: www.cnbc.com
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Carl Riccadonna, chief U.S. economist at BNP Paribas, and CNBC’s Steve Liesman join ‘The Exchange’ to share their reactions to the 2Y Treasury auction, outlooks for housing and inflation, and more. 03:50 Tue, Apr 23 20242:31 PM EDT Source: www.cnbc.com
