The issue of housing affordability in the United States has emerged as a pressing concern that the soon-to-be President Donald Trump has vowed to address. His intentions to increase the construction of new homes stem from a significant housing shortage that currently afflicts the nation—estimated to be about 4 million homes, as per the National
Real Estate
In a recent development that could shape the housing market, mortgage rates showed a dip last week, provoking a surge in homebuyer activity. This decrease prompted a noteworthy 6.3% increase in total mortgage demand, as reported by the Mortgage Bankers Association (MBA). The average interest rate for 30-year fixed-rate mortgages lowered slightly to 6.86%, down
In a landscape dominated by evolving consumer behavior and shifting economic indicators, the decision to offload 165 shares of Best Buy at an approximate price of $86 each marks a pivotal moment for investors. As Jim Cramer’s Charitable Trust now possesses 600 shares of BBY, the overall weighting in the portfolio has notably decreased from
Recent data from the Mortgage Bankers Association (MBA) has revealed a noteworthy evolution in mortgage demand, highlighting a complex interplay between rising interest rates and market dynamics. Despite facing an upward trajectory in mortgage rates for the fourth consecutive week, total application volume surprisingly increased by 1.7% compared to the previous week. This resilience in
The financial landscape is in a constant flux, characterized by fluctuations in market indices and the performance of key stocks. Each weekday, the CNBC Investing Club, helmed by Jim Cramer, hosts a “Morning Meeting” that not only brings members updates but also reveals industry trends and individual stock performances. On this particular Monday, several crucial
Recent trends indicate that mortgage rates in the United States have shown signs of stabilization, a development that many real estate experts view positively. As of November 14, the average rate for a 30-year fixed mortgage has slightly decreased to 6.78%, a marginal drop from the previous week’s figure of 6.79%. Such stability comes as
As the market reacts to shifts in political dynamics, particularly under a Trump administration, mortgage rates have seen an upward trajectory. Last week, mortgage rates continued to ascend due to a reassessment of the economic landscape by investors. According to the Mortgage Bankers Association’s seasonally adjusted index, there was a minor uptick of 0.5% in
In the fast-paced world of finance, the afternoon trading update from the CNBC Investing Club, spearheaded by the insightful Jim Cramer, serves as a crucial barometer for investors. With every passing weekday, it delineates market movements and offers actionable insights just before the final hour of trading. The latest update shines a spotlight on the
In the past week, mortgage rates have shown a continued upward trajectory, rising for the fourth time in five weeks. This increase has created ripples within the refinancing sector, which is now seeing a notable pullback. The Mortgage Bankers Association (MBA) reported that the total volume of mortgage applications remained nearly unchanged, dipping by 0.1%
The mortgage landscape is experiencing notable fluctuations as rates continue to ascend, resulting in diminished demand from both potential homeowners and current homeowners looking to refinance. Recently reported data from the Mortgage Bankers Association highlights a significant 10.8% drop in total mortgage application volume from the previous week. This declining trend marks the sixth consecutive