Mortgage rates above 7% are the ‘new normal’—here’s why
Everyone seems to agree that mortgage rates above 7% are the new “normal.” The phrase keeps popping up…
Home sales surged in May to the highest level since December
Sales of previously owned homes rebounded more than expected in May, after mortgage rates pulled back slightly in…
Home sales sank in March, casting a pall on the forecast for the rest of the year
Existing home sales declined sharply in March, a sign that the 6% mortgage rates of earlier this year…
Pending home sales drop sharply in December
An “Open House” sign outside a home in Palm Beach Gardens, Florida, US, on Sunday, Jan. 11, 2026.…