Mortgage rates fall for second straight week – CNN | CarTailz

Mortgage rates fell again this week after falling almost half a percentage point last week. According to Freddie Mac, the 30-year fixed-rate mortgage averaged 6.58% in the week ended November 23, compared to 6.61% the week before. A year ago, the 30-year fixed rate was 3.10%. Mortgage rates have risen for most of 2022, spurred … Read more

It’s a terrible time to buy a home. Here’s what you should know if you need to do it anyway – CNN | CarTailz

There’s no glossing over it: This is a terrible time to be buying a home. Mortgage rates on a 30-year fixed rate loan are now over 7%, more than 4 percentage points higher than a year ago. According to Black Knight, a mortgage data company, this has reduced the purchasing power of a typical buyer … Read more

House prices are finally falling. But how deep will they go? -CNN | CarTailz

The US housing market is in the midst of a major upheaval. After two years of stratospheric price increases, home prices have peaked and are on the way back down. But what homebuyers and homeowners alike want to know is: how much lower will prices go? The short answer: Prices will likely continue to fall, … Read more

As the causes of US inflation grow, so do the dangers – Shaw Local | CarTailz

WASHINGTON – (AP) – What is driving inflation so high? The answer, it seems, is almost everything. As the economy surged out of the pandemic recession two years ago, supply chain problems and parts shortages drove up the cost of factory goods. Then it was a surge in consumer spending fueled by government stimulus controls. … Read more

The Fed could crash the housing market – CNN | CarTailz

A version of this story first appeared in CNN Business’s Before the Bell newsletter. Not a subscriber? You can login exactly here. You can listen to an audio version of the newsletter by clicking the same link. new York CNN business — Investors are becoming concerned that the US Federal Reserve’s aggressive rate hikes could … Read more