Economy Jul 21

A "For Rent, For Sale" sign is seen outside of a home in Washington, U.S., July 7, 2022. Photo by Sarah Silbiger/REUTERS
Average national 30-year mortgage rate hits 5.54%

Average long-term U.S. mortgage rates are ticking higher this week in a rapidly cooling housing market as the Federal Reserve gears up for what could be yet another bump to its benchmark interest rate.

Economy Oct 24

New home sales fell 0.7% in September

The housing industry is combating a variety of factors that are holding back growth ranging from a shortage of construction workers to a lack of available land for new homes.