Mortgage refinance demand plunges 14%, as interest rates spike higher
Fast-rising mortgage rates are causing a drop in mortgage demand, especially refinances.
Fast-rising mortgage rates are causing a drop in mortgage demand, especially refinances.
Mortgage rates are rising far faster than economists had predicted, and some are now revising their home sales forecasts lower as a result.
Federal Reserve Chairman Jerome Powell owed tough action on inflation, which he said jeopardizes an otherwise strong recovery.
Consumers hit with higher prices due to inflation likely aren't looking forward to interest rate hikes from the Federal Reserve. Here's why the Fed does...
The probability of recession in the U.S. was raised to 33% in the next 12 months, up 10 percentage points from the Feb. 1 survey.
The headline producer price index rose 0.8% in February, which actually was slightly lower than the 0.9% Dow Jones estimate.
Single-family rents were up 38.6% in Miami, compared with just a 2% jump for the city in January 2021.
The United States’ Great Recession ended in June of 2009, and the time period between 2009 and 2020 saw gradual economic growth, allowing people from...
Investors may take the Federal Reserve's first post-pandemic rate hike in stride, while uncertainty surrounding Ukraine continues to hang over markets.