After recently reaching their lowest level since April, 30-year mortgage rates tacked on 6 points in two days. Rates climbed for other loan types as well. https://t.co/BfRPPecPpo ...

Wondering if it’s better to buy now, or if mortgage rates will drop later this year or in 2026? Key forecasts offer insight into what homebuyers can expect. https://t.co/6FVbZFC3jZ ...

Mortgage rates in the US dropped to the lowest level since early April https://t.co/DY1Vr9gSjF ...

US mortgage rates dropped last week to the lowest level since early April, helping spark a pickup in home-refinance applications https://t.co/GRJTvE5AuB ...

Housing Market Analysis - The housing market is not crashing in a 2008-style implosion, but rather experiencing a slow decline due to unaffordability and gridlock [1] - The US average 30-year fixed rate mortgage rate increased by 130% within a year, rising from 3% in late 2021 to 7% in late 2022 [1] - Nearly 75% of all US households, approximately 100 million households, cannot afford to buy a medium-priced home [2] - A mere $1,000 increase in the price of a home is enough to push an additional 115,000 households out of the market, and a 0.25% increase in mortgage rates excludes another 1.1 million households [2] Supply and Demand Dynamics - In the US, over 80% of current homeowners have a mortgage rate under 6%, creating a "locking effect" that reduces housing supply [2] - US building permits recently dropped to a nearly 5-year low of 1.39 million units, and housing starts fell even more sharply to a 5-year low of 1.25 million units [2] - The US needs at least 2 million new homes every year to meet demand [2] - Gen Z makes up only 3% of buyers, with the median age for a first-time buyer now at 38 years old [2] Risks and Challenges - US foreclosure filings in May were up 9% from a year ago, while completed foreclosures shot up 34% in the last year [3] - A new analysis of commercial mortgage-backed securities debt shows 6.42% of borrowers were 30 or more days delinquent or in foreclosure [3] - The office loan delinquency rate is at 7.8%, and the rate of loans transferred to special servicing has hit a 25-year high of 16.19% [3] - Over $300 billion worth of mortgages in Canada are set for renewal this year, many of which were signed when rates were at historic lows [3]

Well, KB Home cutting its revenue outlook for the year after reporting weak second quarter results. This is the housing market. It remains sluggish with existing home sales seeing their worst May since 2009.Joining me now, we've got Meredith Whitney, Meredith Whitney Advisory Group CEO. Meredith, good to have you back on Yahoo Finance with us. We we just heard remarks from Fed Chair Jerome Pal that he plans to keep rates on hold.So, what is the risk that that poses to the housing market. Well, the housing m ...

Well, Federal Reserve officials are split on whether an interest rate cut in July is on the table depending on whether the FOMC holds rates steady or reduces the benchmark rate. What does that outcome mean for your everyday finances. Here to explain and discuss further, we've got Rob Conzo, who is the Wealth Alliance CEO.Rob, good to have you here with us. How does the Fed's benchmark rate affect people's personal finances. Great to be with you, Brad.Um, it's a very misunderstood rate. It's the red the rate ...

Consumer Debt Overview - US household debt reached a record high of $18.2 trillion in Q1 2025 [1] - Consumer debt includes credit cards, auto loans, mortgages, student loans, and buy now pay later plans [1] - High consumer debt can lead to defaults, impacting the entire economy [1] Credit Card Debt - Americans owed over $1.08 trillion on credit cards as of Q1 2025, a 50% increase since 2021 [1] - The typical cardholder with a balance owes over $7,300 [1] - Over 3% of credit card balances were at least 30 days delinquent as of Q1 2025 [1] - Retail credit cards can have interest rates as high as 36% [1] Buy Now Pay Later (BNPL) - BNPL services allow consumers to pay for purchases in installments [2] - BNPL debt pile could reach $700 billion by 2028 [2] - Over 40% of BNPL users have missed at least one payment [2] - Late fees for BNPL can be up to 50% of the payment amount [2] Mortgage Debt - Americans owe $12.8 trillion on 85 million mortgages [2] - The average borrower owes just under $150,000, and the typical home price is around $510,000 [2] - Mortgage rates have climbed to around 7%, the highest in over 20 years [2] - 0.7% of mortgages are seriously delinquent (90+ days past due) [3] Student Loan Debt - Americans owe nearly $1.08 trillion in student loans [3] - The average federal borrower owes more than $38,000 [3] - Over 20% of borrowers are 90 days or more past due [3] - The Biden administration cancelled more than $180 billion in loans for select groups [3] Economic Impact - Americans spend over $560 billion a year on interest payments [3] - Americans collectively work 18 billion hours a year to service interest on debts [4] - Consumer spending makes up nearly 70% of US GDP [4]

We've got Thomas Hayes, Great Hill Capital Chairman and Managing Member here. So, as we think about the SLR, of course, as we're hearing from Fed Chair Jal, who was commenting on it during his two-day stint on Capitol Hill, both discussing with the House Financial Services Committee and then additionally with uh the Senate yesterday here, this question came up. The SLR was supposed to act as a backs stop to riskbased capital requirements.Too often, the SLR acts as a binding requirement for US banks. They we ...

Fresh housing data just crossing. Diana Olic has that for us. Diana.Well, David, pending home sales in May rose 1.8% from April and were 1.1% higher than May of last year. That according to the realtors. This is a small beat.The street was actually looking for basically flat. Now, this count is based on signed contracts. So, people out shopping in May when mortgage rates were climbing and briefly went over 7% on the 30-year fix.Regionally, sales were strongest month-to-month in the Northeast and West, but c ...