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 ...

i'm still waiting me too me too me too me too everyone keeps waiting for the housing market to crash but what if the market is already crashing out just not in the way anyone expected this time it's less 2008 style implosion and more frog in boiling water the market is fundamentally unaffordable gridlocked by design and slowly rugging the path to middle class wealth the bad news isn't that the market is going to crash the bad news is that it isn't so stay tuned to find out why my name is Nick and you're wat ...

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 ...

Housing Market Trends - New home sales experienced a nearly 14% month-over-month decline in May, marking the biggest drop in three years [1] - Existing home sales managed a slight increase in May despite headwinds [5] - Resale inventory is up 20% compared to last year [5] Affordability and Demand - Housing affordability has improved slightly from a year ago, but home sales continue to "bounce along the bottom" [3] - Consumer confidence dropped drastically in April, impacting housing demand [4] - A frozen labor market and a potentially rising unemployment rate pose headwinds for housing demand [4][6] Seller and Buyer Dynamics - The market is rebalancing, with bargaining power shifting towards buyers [10] - There were the most price cuts for any May since 2018, indicating sellers and buyers are coming back together [9] - Sellers are facing more competition and need to be more strategic [10] Economic Factors - The labor market is a key factor to watch, potentially more important than higher interest rates [6] - Inflation is roughly 21%, as measured by PCE [7] - The impact of tariffs is already playing itself out [8] Future Outlook - Zillow's forecasting team believes home sales could increase slightly and finish the year slightly higher than in 2024 [12]

Everyone’s waiting for the Fed to cut rates—but will mortgage rates even fall when it happens? Here’s what homebuyers should know before banking on a drop that may never come. https://t.co/takTr1UAr5 ...

Mortgage rates have fallen for two consecutive days, lowering the flagship average to its cheapest level in 11 weeks. Rates dropped for several other loan types as well. https://t.co/3cwpOzLknT ...