Housing
Mortgage rates surge over 7% as tariffs hit bond market
The average rate on the popular 30-year fixed mortgage surged 13 basis points Friday to 7.1%, according to Mortgage News Daily. That’s the highest rate since mid-February. Mortgage rates have been on a roller coaster ride all week, as bond yields spiked higher mid-week when President Donald Trump’s new tariffs on dozens of countries went […]
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Here’s how China could crush the U.S. housing market
A new housing development built along a canal near the Mokelumne River is viewed on May 22, 2023, near Stockton, California. George Rose | Getty Images Mortgage rates are rising sharply this week, as investors sell U.S. Treasury bonds at a swift pace. Mortgage rates follow loosely the yield on the 10-year Treasury. Some speculate […]
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Mortgage rates slingshot higher as tariff uncertainty roils markets
A completed planned development is seen in Ashburn, Virginia, on Aug. 14, 2024. Andrew Caballero-Reynolds | AFP | Getty Images Mortgage rates hit their highest level in over a month this week, reversing course after a period of improvement. The average rate on the 30-year fixed rate jumped 22 basis points Monday and another 3 […]
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Mortgage rates tumble on tariffs, but housing costs still near record high
Mortgage rates fell sharply Thursday following the Trump administration’s tariff announcement. The average rate on the popular 30-year fixed loan plunged 12 basis points to 6.63%, according to Mortgage News Daily. That put it at the lowest level since October. The massive sell-off in the stock market early Thursday sent investors fleeing to the bond […]
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Manhattan’s luxury real estate market sees best first quarter in six years
People walk by a view of residential luxury towers along nicknamed Billionaires Row, a stretch of 57th Street that holds the majority of Manhattan’s supertall luxury towers on May 16, 2022 in New York City. Spencer Platt | Getty Images News | Getty Images Manhattan apartment sales jumped 29% in the first quarter from the […]
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We’re buying more shares of 2 stocks as the broader market sinks further
We’re making our first trades of the week. We are buying 25 shares of Danaher at roughly $207 each. Following Friday’s trade, Jim Cramer’s Charitable Trust will own 550 shares of DHR, increasing its weighting to 3.5% from 3.35%. We are buying 10 shares of Home Depot at roughly $358. Following the trade, the Trust […]
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KB Home unveils its first ‘fire-resilient’ community in Southern California
KB Home’s new wildfire-resilient neighborhood in Escondido, California. CNBC Just months after raging wildfires destroyed thousands of homes in the Los Angeles area, California-based KB Home is unveiling what it calls its first “wildfire-resilient” community. The development, in Escondido, just outside San Diego, will have 64 single-family homes when completed that all meet the wildfire […]
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Federal housing agency will not cut Fannie Mae and Freddie Mac loan limits, new director says
A sign for Freddie Mac is seen at their corporate headquarters campus on Oct. 9, 2024 in Tysons Corner, Virginia. Kevin Dietsch | Getty Images The newly confirmed director of the Federal Housing Finance Agency, Bill Pulte, who now oversees mortgage giants Fannie Mae and Freddie Mac, said he will not lower the conforming loan […]
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Australia’s James Hardie to acquire U.S.-based AZEK in $8.8 billion deal
Fiber-cement maker James Hardie Industries said on Monday it will acquire outdoor products manufacturer AZEK in a cash and stock transaction valued at $8.75 billion, in what could potentially be Australia’s largest deal to date in 2025. Under the deal, AZEK shareholders are set to receive $26.45 in cash and 1.0340 ordinary shares of James […]
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Tariff fears are raising construction costs by up to 20%, says Related Group CEO
Related Group CEO Jon Paul Pérez. Courtesy of Future Proof and Triangle BLVD Building contractors are already hiking prices as much as 20% to offset potential tariffs, a move that could also raise prices of new condos and homes, according to the CEO of developer Related Group. President Donald Trump has imposed 25% tariffs on […]
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