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Mortgage rates surge to highest since September, hitting spring housing market
In an aerial view, two-story single family homes line the streets of neighborhood on Jan. 13, 2026 in Thousand Oaks, California. Kevin Carter | Getty Images Mortgage rates surged to their highest level since September on Friday as bond yields moved higher due to the war in Iran. The average rate on the 30-year fixed […]
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Housing affordability bill clears Senate as investor ban creates headaches
The Senate on Thursday passed the largest housing affordability bill in 30 years, including a ban on investors from buying single-family homes, with a 89-10 vote. But the bill faces an upward battle in the House, which passed its own bipartisan legislation in February. House GOP leaders have already said the measure will need to […]
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Investor ban on buying homes stalls housing affordability bill
Homes in suburban Chicago, April 26, 2023. Brian Cassella | Tribune News Service | Getty Images A major housing affordability bill poised to clear the Senate as soon as Thursday will hit a wall in the House, in part over concerns about a ban on major investors from buying single-family homes. During a meeting at […]
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Consumer prices rose 2.4% annually in February, as expected
Prices consumers pay for a broad range of goods and services rose in line with expectations for February, offering a final look at inflation pressures before an oil shock tied to the Iran war rattled the outlook. The consumer price index increased a seasonally adjusted 0.3% for the month, putting the 12-month inflation rate at […]
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February home sales see small rebound, but supply growth is ‘sluggish’
Home sales made a small gain to start the year, but higher mortgage rates now could throw cold water on the spring season. Existing home sales in February rose 1.7% from January to a seasonally adjusted, annualized rate of 4.09 million units, according to the National Association of Realtors. Sales were down 1.4% from February of […]
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Trump tariffs: Customs and Border Protection tells judge it can’t comply with refund order
The US Customs and Border Protection (CBP) headquarters in Washington, DC, US, on Wednesday, May 10, 2023. Bloomberg | Bloomberg | Getty Images Read more CNBC politics coverage Eaton on Wednesday ordered CPB to calculate the cost of bringing in shipments into the United States without assessing a tariff, and told the agency to make […]
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Bessent says global 15% tariff starts this week, predicts Trump duties will return to old levels later this year
President Donald Trump’s recently announced 15% global tariff will likely be implemented sometime this week, rising from its current rate of 10%, Treasury Secretary Scott Bessent said on Wednesday. Bessent also predicted that U.S. tariff rates would, by August, effectively return to where they stood before the Supreme Court recently struck down the often-steeper duties […]
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Big investors have been fleeing for-sale housing market, even before Trump ordered ban
In an aerial view, two-story single family homes line the streets on Jan. 14, 2026 in Thousand Oaks, California. Kevin Carter | Getty Images Legislation to ban institutional investors from buying single-family homes to rent is making its way through Congress, but many of them are already selling thousands of homes — and have been […]
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New York Fed’s Williams says tariff burden falls ‘overwhelmingly’ on U.S. businesses and consumers
Key Points American consumers and businesses are taking most of the hit from President Donald Trump’s tariffs, New York Fed President John Williams said in remarks that counter White House claims. A study Williams cited on the issue has generated a fair amount of controversy over the past few weeks, with White House economist Kevin […]
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Trump’s State of the Union, Lowe’s earnings, Panera Bread’s value menu and more in Morning Squawk
1. Trump’s talk US President Donald Trump, right, and US House Speaker Mike Johnson, a Republican from Louisiana, during a State of the Union address in the House Chamber of the US Capitol in Washington, DC, US, on Tuesday, Feb. 24, 2026. Al Drago | Bloomberg | Getty Images President Donald Trump touted his economic […]
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