Section
Real Estate
Mortgage rates, home prices and the housing market.
Market data by TradingView and Coinbase. Rates are the latest daily or weekly Federal Reserve data. Futures boards show 24-hour index and commodity prices that track futures markets. Some quotes may be delayed. Not investment advice.
-
Granite Point puts itself up for review and sets a 1-for-10 reverse split, with its stock at 15% of book value
The commercial real estate lender says it is weighing a merger, asset sales or new capital. Its shares are worth about $40 million against a June book value of roughly $275 million, and its cash has been falling.
-
Fed's Barr says more rate hikes are likely as home affordability hits a 21-year low
Governor Michael Barr said the Fed was "out of position" before last week's hike and that further increases are likely in his base case. In the same speech he laid out why mortgage relief will not come from the Fed alone.
-
What 7% mortgage rates actually mean for a remodeler, a moving company and a real estate team
The MBA's 30-year rate hit 7.12%, the highest since May 2024. Refinance applications are 62% below a year ago and purchase applications 11% lower. For businesses that live on home sales and refinancings, here is what that does to the work.
-
Lennar spinoff Millrose borrows $1 billion at 6.5% and 6.75%, partly for Dream Finders-Beazer land
The homesite financier is paying about 1.7 to 1.9 points over Treasuries, and part of the money must be returned if the homebuilder merger is not done by May 2027.
-
Mortgage rates hold at 7.17%, and the usual escape hatches save less than they did a year ago
The daily 30-year average is $311 a month above its 52-week low on a $400,000 loan. Adjustable and 15-year loans now sit closer to the 30-year than they did a year ago.
-
KB Home earns $1.05 a share as revenue falls 20%, and trims its full-year margin range to 16.0%-16.2%
The builder says full-year numbers stay "within the ranges" it gave in June. Put the two releases side by side and the ranges have narrowed to their low end, while cancellations jumped to 18%.
-
Home prices rose 3.7% in a year, the fastest pace in 12 months, in the strongest buyer's market on record
Redfin's August index shows prices still climbing even with 58% more sellers than buyers. Add higher mortgage rates and the same house costs about $224 a month more than a year ago.
-
What a 5% 10-year Treasury actually means for a dentist, a restaurant owner and a landlord with a loan reset
The 10-year yield closed at 5% or higher on three days last week, the first time since 2007. For an owner whose building loan was fixed in 2021 and resets now, our worked example shows the payment rising about 38%. Here is the arithmetic.
-
Berkshire crosses 10% of Lennar and buys $212 million more stock in three days; shares jump 6.5%
Berkshire bought near Lennar's 52-week low, days after the homebuilder's profit halved. Crossing 10% also means every future trade has to be disclosed within two business days.
-
MBA and Fannie Mae cut mortgage lending forecasts, but both still see home-purchase loans growing in 2027
The MBA now expects $2.101 trillion of mortgages in 2027, less than this year. Its forecast tables show the cut is a refinance story, and both forecasts assume lower rates than borrowers are getting now.
-
Mortgage rates jump to 6.95%, the biggest weekly rise in more than a year
The average 30-year fixed rate climbed from 6.76% to 6.95% in Freddie Mac's weekly survey, as the Fed raised rates and the 10-year Treasury yield pushed above 5%.