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Real Estate
Mortgage refinance demand spikes nearly 60%, as interest rates drop sharply
A sign is posted in front of a home for sale in San Rafael, California, on Aug. 7, 2024.Justin Sullivan | Getty ImagesMortgage rates last week dropped to the lowest level since October of last year. That caused a massive run on…
Here’s what that means for you
The Federal Reserve announced Wednesday it will lower its benchmark rate by a quarter point, paving the way for relief from some of the high borrowing costs that have weighed on consumers.The federal funds rate, which is set by the…
The Fed cut its interest rate, but mortgage costs went higher
Torsten Asmus | Istock | Getty ImagesLonger-term Treasury yields jumped this week, flying in the face of the Federal Reserve's interest rate cut, as bond investors didn't get the assurances they sought.The 10-year Treasury yield jumped…
When to refinance a mortgage, car loan, student loan
The Federal Reserve announced a long-awaited rate cut on Wednesday.The move could bring some consumer rates down, which may be good news for borrowers hoping to refinance into lower-cost loans."While the broader impact of a rate…
Mortgage rates drop to 3-year low ahead of Fed meeting
Mortgage rates dropped sharply Tuesday, as investors in mortgage-backed bonds seemed to buy in ahead of a widely expected rate cut by the Federal Reserve.The average rate on the 30-year fixed mortgage dropped 12 basis points from Monday…
Will we see more affordability in the US housing market?
CENTURY 21 Real Estate CEO Mike Miedler discusses the impact of mortgages rate on the housing market, arguing affordability is still the biggest issue. Mortgage rates have eased sharply from their recent peaks, offering some relief…
Investors need clarity on Fannie and Freddie
A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity…
Fed may make its first rate cut of 2025: How to benefit
The Federal Reserve is widely expected to lower its benchmark rate when it meets this week, despite the latest hotter-than-expected inflation data.The market is now pricing in a 96% chance of a 25 basis-point rate cut this month,…
How to get the best mortgage rates as 30-year fixed nears 1-year low
The average rate on the 30-year fixed mortgage notched its biggest one-day drop in more than a year on Friday. Although mortgage rates are now at their lowest level since October, the average rate for a 30-year, fixed-rate mortgage is…
How multifamily offices are playing commercial real estate
A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity…