Yahoo Finance - Stock Market Live, Quotes, Business & Finance News

Mortgage rates rise again, finishing the year at 6.85% — just about the way they started

Mortgage rates ticked up again after the Fed revised rate-cutting expectations for 2025.

Average rate on a 30-year mortgage climbs to 6.85%, highest since July, as bond yields keep rising

The average rate on a 30-year mortgage in the U.S. rose for the second week in a row to its highest level since mid-July, reflecting a recent jump in the bond yields that lenders use as a guide to price home loans. The rate rose to 6.85% from 6.72% last week, mortgage buyer Freddie Mac said Thursday. One year ago, the rate on a 30-year mortgage averaged 6.61%.

US accuses Rocket Homes of illegal kickbacks in mortgage scheme

According to the Consumer Financial Protection Bureau, Rocket Homes, one of the largest mortgage lenders in the United States, plied the real estate brokerages with referrals and other inducements so that the brokers and agents would steer real estate settlement business back to a Rocket affiliate. Jason Mitchell allegedly offered "dog bone" awards of $250 gift cards to agents making the most referrals back to favored partners, including Rocket affiliates Amrock and Rocket Mortgage, according to the CFPB.

The Container Store, buffeted by rough housing market and competition, seeks bankruptcy protection

The Container Store has filed for bankruptcy protection as the storage and organizational goods retailer with roots dating back to the 1970s grapples with mounting losses and cash flow shortages. Under Chapter 11 protection, The Container Store will continue to operate while it restructures. The company said Sunday that it had filed for bankruptcy protection in Texas.

The comeback of REITs: Top ways to play commercial real estate

Recent indications from the Federal Reserve of fewer rate cuts next year have served as a reality check for commercial real estate. But the sector may finally regain momentum in 2025.

Holiday superfans: What it’s like to be the baddest Christmas decorators on the block

A growing community of super-decorators spend months each year plotting elaborate displays and computerized light shows. Their motivation? Pure holiday cheer.

Why a housing market 'thaw' never came in 2024

Wall Street analysts had hoped the housing market would show signs of life in 2024. Instead, it remained stagnant: Sales of previously owned homes are poised to set the record for the worst year since 1995 for the second year in a row.

Office Rebound Expected in 2025 While Other Real Estate Stocks to See Trouble

(Bloomberg) -- It’s been a challenging couple of years for real estate stocks since the Federal Reserve started raising interest rates in 2022, as borrowing costs soared and the property market collapsed. And despite a healthy rebound in the middle of 2024, the outlook for 2025 isn’t particularly encouraging.Most Read from BloombergNew York City’s Historic Preservation Movement Is Having a Midlife CrisisNYPD Car Chases Are Becoming More Frequent — and More DangerousDakar’s Air Quality Plummets a

US mortgage rates rise after three straight weekly declines

U.S. mortgage rates increased this week following three straight weekly declines and could rise further after the Federal Reserve projected fewer interest rate cuts in 2025, boosting the yield on the 10-year Treasury note. The average rate on the popular 30-year fixed-rate mortgage rose to 6.72% after falling to 6.60% last week, which was the lowest level since the week ending Oct. 24, mortgage finance agency Freddie Mac said on Thursday. "This week, mortgage rates crept up to a similar average as this time in 2023," said Sam Khater, Freddie Mac chief economist.

Average rate on 30-year mortgage snaps 3-week slide and rises to highest level since late November

The average rate on a 30-year mortgage in the U.S. rose this week to its highest level since late November, reflecting a recent uptick in the bond yields that lenders use as a guide to price home loans. The rate rose to 6.72% from 6.6% last week, mortgage buyer Freddie Mac said Thursday. The rate is now higher than it was a year ago, when it averaged 6.67%.

Mortgage rates ticked up this week despite latest Fed cut

Mortgage rates moved higher this week, averaging 6.72% for a 30-year loan, according to Freddie Mac.

Mortgage Rates Climb for First Time in a Month, Landing at 6.72%

(Bloomberg) -- Mortgage rates in the US rose for the first time in four weeks.Most Read from BloombergNew York City’s Historic Preservation Movement Is Having a Midlife CrisisNYPD Car Chases Are Becoming More Frequent — and More DangerousDakar’s Air Quality Plummets as Saharan Dust Descends on SenegalThe average for a 30-year fixed loan was 6.72%, up from 6.6% last week, Freddie Mac said in a statement Thursday.The Federal Reserve on Wednesday cut its benchmark rate for the third time since mid-

US Existing-Home Sales Rise as Buyers Accept High Mortgage Rates

(Bloomberg) -- Existing-home sales in the US topped a rate of 4 million in November for the first time in six months as house hunters begrudgingly accept mortgage rates above 6%.Most Read from BloombergNew York City’s Historic Preservation Movement Is Having a Midlife CrisisNYPD Car Chases Are Becoming More Frequent — and More DangerousDakar’s Air Quality Plummets as Saharan Dust Descends on SenegalContract closings increased 4.8% to an annualized rate of 4.15 million in November, the most since

China Banks Raise Mortgage Rates For the First Time Since 2021

(Bloomberg) -- Chinese banks raised new mortgage costs for the first time in three years, new data from a research firm shows, as narrowing margins are dragged down by a persistent property slump and slowdown in the world’s No. 2 economy. Most Read from BloombergNYPD Car Chases Are Becoming More Frequent — and More DangerousThe average mortgage rate for buyers’ first homes in 42 big cities inched up to 3.08% in November from a record low of 3.05% in the previous month, the first increase since O

The Fed expects to cut rates more slowly in 2025. What that could mean for mortgages, debt and more

The Federal Reserve's third interest rate cut of the year will likely have consequences for debt, savings, auto loans, mortgages and other forms of borrowing by consumers and businesses. The policymakers now envision two rate cuts next year, not the four they predicted back in September. Loan rates may barely budge if the Fed sticks with its plan to cut its key short-term rate only twice next year.

Taconic Exits Commercial Real Estate, Axonic Hires Unit Head

(Bloomberg) -- Taconic Capital Advisors is winding down its commercial real estate operation and is in advanced talks to sell one of the unit’s funds to Axonic Capital, according to people familiar with the matter. Most Read from BloombergNYPD Car Chases Are Becoming More Frequent — and More DangerousJames Jordan, who oversees the business, will leave the hedge fund firm in the first half of next year, according to an investor letter seen by Bloomberg. He’ll join Axonic and is expected to bring

US Housing Starts Fall to Four-Month Low on Multifamily Decline

(Bloomberg) -- US new-home construction unexpectedly fell in November as a drop in multifamily projects mitigated a rebound in starts of single-family houses, solely in the storm-ravaged South. Most Read from BloombergNYPD Car Chases Are Becoming More Frequent — and More DangerousHousing starts decreased 1.8% to an annualized rate of 1.29 million, the slowest since July, according to government data released Wednesday. The median forecast was for a 1.35 million pace.Starts of single-family homes

US single-family housing starts rebound; tariffs an obstacle

WASHINGTON (Reuters) -U.S. single-family homebuilding rebounded in November as the drag from hurricanes faded, but the threat of tariffs on imported goods and potential labor shortages from mass deportations of immigrants could hamper new construction next year. The report from the Commerce Department on Wednesday showed only a slight increase last month in permits for the future construction of single-family homes, suggesting that residential investment will probably not contribute much to economic growth in the fourth quarter. Higher mortgage rates even as the Federal Reserve has been lowering borrowing costs remain a constraint for the housing market, with promised tariffs and expulsions of undocumented immigrants by President-elect Donald Trump seen worsening the situation.

Taiwan Banks Seek Deposits as Regulator Prods Over Mortgages

(Bloomberg) -- Taiwan’s biggest banks are stepping up efforts to lure deposits from both individuals and companies, responding to regulator demands for them to reduce a key ratio tracking their exposure to the island’s hot housing market.Most Read from BloombergHow California Sees the World, and ItselfHong Kong's Expat Party Hub Reshaped by Chinese InfluxLondon’s Tube Fares Are Set to Rise by 4.6% Next YearMultiple bank employees told Bloomberg News that domestic lenders are aggressively seeking

Iconic Beijing Mall Put Up for Sale by Real Estate Firm Parkview

(Bloomberg) -- A landmark commercial complex in Beijing is being put up for sale by Hong Kong-headquartered property company Parkview Group, as China’s prolonged property slump weighs on its cash flow.Most Read from BloombergHong Kong's Expat Party Hub Reshaped by Chinese InfluxHow California Sees the World, and ItselfLondon’s Tube Fares Are Set to Rise by 4.6% Next YearParkview Green, locally known as Fang Cao Di, located in Beijing’s central business district, is up for sale as the company gra

TCW’s Koch Says Firm Is Entering Private Real Estate Debt Market

(Bloomberg) -- TCW Group Inc. is launching a real estate debt strategy as it seeks to grow its alternatives business and compete with other money managers moving into the $1.6 trillion private credit industry.Most Read from BloombergHong Kong's Expat Party Hub Reshaped by Chinese InfluxHow California Sees the World, and ItselfLondon’s Tube Fares Are Set to Rise by 4.6% Next YearThe firm, which oversees more than $200 billion, will provide privately arranged debt to borrowers for core real estate

China retail sales slow as consumers hold back, while home prices fall

Chinese retail sales slowed in November and housing prices fell, the government said Monday, with demand still lackluster despite a flurry of stimulus measures over the past few months. The report came just a few days after top leaders ended an annual planning meeting in Beijing that produced no major new policy initiatives but included promises to do more to encourage people and businesses to spend more more. Analysts said ruling Communist Party leaders were leaving room to do more if U.S. President-elect Donald Trump delivers on his promises to raise tariffs on imports from China once he takes office.

China Home Prices Fall at Slower Pace in ‘Fragile’ Recovery

(Bloomberg) -- China’s home-price declines eased for a third month in November, suggesting values are beginning to stabilize as policymakers step up efforts to end the property slump. Most Read from BloombergHong Kong's Expat Party Hub Reshaped by Chinese InfluxHow California Sees the World, and ItselfCity Hall Is HiringLondon’s Tube Fares Are Set to Rise by 4.6% Next YearAmerican Institute of Architects CEO ResignsNew-home prices in 70 cities, excluding state-subsidized housing, dropped 0.2% fr

This strategy for getting a 5% mortgage isn't going away anytime soon

House hunters are likely to continue to see offers like mortgage rate buydowns on new construction in 2025.

Realtors group forecasts US 30-year fixed-rate mortgage averaging 6% in 2025

The rate on the popular U.S. 30-year fixed-rate mortgage will average around 6.0% next year and help to boost new housing construction and stimulate demand for previously owned homes, the National Association of Realtors predicted on Thursday. The NAR also projected 4.5 million existing home sales in 2025 and forecast house prices increasing by about 2%. "If rates stabilize around 6%, about 6.2 million households can once again be able to afford median-priced homes, compared to the current constraints with rates near 7%," NAR said.

US 30-year fixed-rate mortgage falls to 6.60%

U.S. mortgage rates dropped to the lowest level in nearly two months this week, a trend that if sustained could boost home sales in the coming months. The average rate on the popular 30-year fixed-rate mortgage fell to 6.60%, the lowest level since the week ending Oct. 24, from 6.69% last week, mortgage finance agency Freddie Mac said on Thursday. "The combination of mortgage rate declines, firm consumer income growth and a bullish stock market have increased homebuyer demand in recent weeks," said Sam Khater, Freddie Mac chief economist.

Average rate on 30-year mortgage hits 6.6%, its third straight weekly decline

The average rate on a 30-year mortgage in the U.S. eased for the third week in a row, a welcome trend for prospective homebuyers during what's typically a less competitive time of the year for the housing market. The rate dropped to 6.6% from 6.69% last week, mortgage buyer Freddie Mac said Thursday. A year ago, it averaged 6.38%, Freddie Mac said.

Mortgage rates fall for third consecutive week to average 6.6%

The average rate on a 30-year mortgage fell again to 6.6%, according to Freddie Mac.

Housing inflation moderates in November in 'encouraging' development on inflation fight

The latest Consumer Price Index (CPI) out Wednesday showed that housing costs eased in November in what experts said represented an "encouraging development" on the fight against inflation.

Will 2025 finally be a ‘normal’ housing market?

The slight growth in new listings, seeing a slight growth in home sales is an optimistic view of the housing market for 2025.

Balbec Taps Goldman for €800 Million Spanish Mortgage Bonds

(Bloomberg) -- Alternative asset manager Balbec Capital LP has hired Goldman Sachs Group Inc. to issue its first Spanish securitizations totaling about €800 million ($846 million) by bundling loans it bought in the country over the past few years, according to people with knowledge of the matter.Most Read from BloombergBrace for a Nationwide Shuffle of Corporate HeadquartersA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectCloud Computing Tax Threatens Chicago’s Silicon

New housing survey: Consumers are getting more confident as they adjust to high prices

Housing market confidence improved in November, a sign potential buyers and sellers are growing more accustomed to higher mortgage rates and home prices.

Activist investors urge Macy's to create a real estate unit among other changes to boost stock

Activist investor Barington Capital Group is calling on department store retailer Macy's to develop an internal real estate subsidiary, reduce capital expenditures, and explore strategic options for its Bloomingdale's and Bluemercury chains among other changes to boost its slumping stock, according to its proposal made public Monday. The presentation to Macy's shareholders comes after Barington Capital, which has stakes in such brands as Victoria's Secret, Hanes and Dillard's, has built an undisclosed stake in Macy's. Barington said it has partnered with property owner Thor Equities.

The housing market should pick up this year, but the path looks choppy

Housing market in 2025: More inventory should help boost home sales this year, but the market will continue to face big challenges.

Average rate on a 30-year mortgage in the US falls to 6.69%

The rate dropped to 6.69% from 6.81% last week, mortgage buyer Freddie Mac said Thursday. Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners seeking to refinance their home loan to a lower rate, also eased this week. A year ago, it averaged 6.29%, Freddie Mac said.

Mortgage rates tick down again, boosting buying activity

A small dip in rates is bringing cost-strained buyers back to the market.

Thanks to peace, two unexpected words are echoing across Afghanistan's capital: Luxury housing

In a town that has been through it all and is clawing its way back, a man named Omidullah is looking to hit paydirt. The Kabul real estate agent is selling a nine-bedroom, nine-bath, white-and-gold villa in the Afghan capital. The villa is listed at $450,000, a startling number in a country where more than half of the population relies on humanitarian aid to survive, most Afghans don’t have bank accounts, and mortgages are rare.

How migration is dividing the housing market in two

Migration is causing a bifurcation of the housing market with the South seeing a slowdown and the north falling short on inventory.

Canadian banks to show mixed Q4 earnings as mortgage renewals, rate cuts loom

Four out of Canada's six largest banks are expected to show a rise in earnings for the fourth quarter as Bay Street turns its focus to the lenders' forecasts for the new year amid interest rate cuts, a slew of mortgage renewals and a new government south of the border. They faced several challenges over the past year that prompted lenders to set aside more money to cover for souring loans as clients struggled to make their mortgage and loan payments in a high interest rate environment and elevated costs of living.

News

Life

Entertainment

Finance

Sports

New on Yahoo

Housing market

Listing a home in 2025? Here are the designs experts say buyers want.

Mortgage Brokers Made Rate Hikes More Painful, Says Bank of England

US 30-year fixed-rate mortgage flirts with 7%

Average rate on a 30-year U.S. mortgage hits 6.91%, according to Freddie Mac, the highest since July

Mortgage rates start 2025 near 7%, hitting highest level since July

Listing a home in 2025? Here are the designs experts say buyers want.

Mortgage rates start 2025 near 7%, hitting highest level since July

Housing contract activity, thanks to more inventory, rises for fourth straight month

Mortgage rates rise again, finishing the year at 6.85% — just about the way they started

The comeback of REITs: Top ways to play commercial real estate

Holiday superfans: What it’s like to be the baddest Christmas decorators on the block

Mortgage rates ticked up this week despite latest Fed cut

This strategy for getting a 5% mortgage isn't going away anytime soon

Mortgage rates fall for third consecutive week to average 6.6%

New housing survey: Consumers are getting more confident as they adjust to high prices

US Mortgage Rates Approach 7% in Ominous Sign for Housing Market

Singapore’s Home Prices Rebound on Year-End Sales Boom

Australian home prices finally cool as 2024 comes to an end

Football Star Lionel Messi Lists His Real Estate Assets

The two big housing market trends to watch in 2025

Housing contract activity, thanks to more inventory, rises for fourth straight month

Mortgage rates rise again, finishing the year at 6.85% — just about the way they started

Average rate on a 30-year mortgage climbs to 6.85%, highest since July, as bond yields keep rising

US accuses Rocket Homes of illegal kickbacks in mortgage scheme

The Container Store, buffeted by rough housing market and competition, seeks bankruptcy protection

The comeback of REITs: Top ways to play commercial real estate

Holiday superfans: What it’s like to be the baddest Christmas decorators on the block

Why a housing market 'thaw' never came in 2024

Office Rebound Expected in 2025 While Other Real Estate Stocks to See Trouble

US mortgage rates rise after three straight weekly declines

Average rate on 30-year mortgage snaps 3-week slide and rises to highest level since late November

Mortgage rates ticked up this week despite latest Fed cut

Mortgage Rates Climb for First Time in a Month, Landing at 6.72%

US Existing-Home Sales Rise as Buyers Accept High Mortgage Rates

China Banks Raise Mortgage Rates For the First Time Since 2021

The Fed expects to cut rates more slowly in 2025. What that could mean for mortgages, debt and more

Taconic Exits Commercial Real Estate, Axonic Hires Unit Head

US Housing Starts Fall to Four-Month Low on Multifamily Decline

US single-family housing starts rebound; tariffs an obstacle

Taiwan Banks Seek Deposits as Regulator Prods Over Mortgages

Iconic Beijing Mall Put Up for Sale by Real Estate Firm Parkview

TCW’s Koch Says Firm Is Entering Private Real Estate Debt Market

China retail sales slow as consumers hold back, while home prices fall

China Home Prices Fall at Slower Pace in ‘Fragile’ Recovery

This strategy for getting a 5% mortgage isn't going away anytime soon

Realtors group forecasts US 30-year fixed-rate mortgage averaging 6% in 2025

US 30-year fixed-rate mortgage falls to 6.60%

Average rate on 30-year mortgage hits 6.6%, its third straight weekly decline

Mortgage rates fall for third consecutive week to average 6.6%

Housing inflation moderates in November in 'encouraging' development on inflation fight

Will 2025 finally be a ‘normal’ housing market?

Balbec Taps Goldman for €800 Million Spanish Mortgage Bonds

New housing survey: Consumers are getting more confident as they adjust to high prices

Activist investors urge Macy's to create a real estate unit among other changes to boost stock

The housing market should pick up this year, but the path looks choppy

Average rate on a 30-year mortgage in the US falls to 6.69%

Mortgage rates tick down again, boosting buying activity

Thanks to peace, two unexpected words are echoing across Afghanistan's capital: Luxury housing

How migration is dividing the housing market in two

Canadian banks to show mixed Q4 earnings as mortgage renewals, rate cuts loom