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ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailAnne-Marie Gulde, deputy director of Asia and Pacific department at the International Monetary Fund, explains why it cut China’s growth forecast to 3.2% for this year, and to 4.4% for 2023.01:53Tue, Oct 11 202211:14 PM EDT Source link

Gen Z, the generation just on the cusp of homebuying age, may not have a chance to buy homes in the first place. For years, we’ve heard how millennials have been struggling to buy homes—but what about the generation behind them? With rising affordability issues, wages that won’t match inflation, and a recession on the […]

Mortgage demand dropped again last week as rates climbed higher, but one type of loan is attracting borrowers. Adjustable-rate mortgages, or ARMs, which offer lower rates, are seeing renewed demand after getting very little interest over the last decade. Total mortgage application volume dropped 2% last week compared with the previous week, according to the […]

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ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Andy Walden, Black Knight vice president of enterprise research, joins ‘The Exchange” to discuss how Walden would summarize the mortgage market right now, what happens if rates stay where they are for the rest of the year, and insights into home-seller activity. […]

In this article The housing market is in an unfamiliar place. After several years of appreciation and a few years of massive booms across the U.S., the train is finally losing steam. With affordability maxing out, prices are on the decline, along with increasing inventory, median days on market, and migration patterns that are disproportionately […]

CNBC's Diana Olick joins 'Squawk Box' to break down the latest mortgage demand data from the Mortgage Bankers Association. Source link

Life is unpredictable, and there’s no way to get around that. Instead, you have to learn to pivot and accept where you are, so you can get to where you’re going. Today’s guest, Josiah Hein, was hit with life’s unpredictability when he was in a car accident with a drunk driver, resulting in damage to […]

JB Reed | Bloomberg | Getty Images It’s a double whammy for would-be homebuyers. Not only are interest rates soaring, it’s getting harder to qualify for a loan. The average rate on the popular 30-year fixed mortgage climbed over 7% at the end of last week, according to Mortgage News Daily, and is expected to […]