Mortgage rates hit the highest level in a month, causing first-time homebuyers to drop out
Mortgage rates rose last week, causing loan demand to drop back and causing the average loan size to rise — indicating that lower-income borrowers dropped out.
Related News
Wall Street soars, oil plunges as China calls for comprehensive ceasefire in Iran-US war
Markets on Wall Street soared overnight and U.S. crude prices plunged 13% after China’s foreign minister called for a c…
Trump threatens Iran with bombing if it doesn’t reopen Strait of Hormuz
U.S. President Donald Trump is threatening Iran with more bombing if it doesn’t reopen the Strait of Hormuz after a rep…
Uber jumps 5% as company issues higher-than-expected bookings guidance
Uber said its net income took a $1.5 billion hit in the first quarter of 2026 due to the revaluation of the company's e…
From jewelers to health tech, CEOs want tariff refunds as earnings take a hit
Philips and Pandora on Wednesday announced their intentions to apply for tariff rebates in the aftermath of President T…
Former FedEx driver Tanner Horner sentenced to death for killing 7-year-old girl
A former FedEx driver has been sentenced to death after he pleaded guilty to killing a 7-year-old girl he took from her…
A late spring snowstorm slams Colorado, closing schools and disrupting commuters
A late spring snowstorm has picked up in Colorado, closing schools, delaying flights and creating slushy conditions for…