Fed’s Barr says housing hurdles go beyond rates

Fed Gov. Michael Barr said limited homebuilding, rising costs and owners’ reluctance to give up low mortgage rates add to housing affordability problems.

Mortgage Rates Officially Hit 7.5%

Despite Friday afternoon's promising bond market rally and mortgage rate improvement, today's top tier 30yr fixed rate bounced back up. The average lender is now at 7.50% for the first time since April 30, 2024.  While there's been a lot of short-term correlation between oil prices and interest rate

Mortgage Rates Had a Better Day, But Still Moved Higher

(NOTE: This article was updated  at 5:30pm from the version originally published at 2:36pm ET to reflect late day rate improvements). Mortgage rates have risen more than half a point in 2 weeks. While that's certainly not the fastest jump we've seen, it is an extraordinarily uncommon pace--happening

Custom GPT users face a December deadline

OpenAI plans to retire custom GPTs Dec. 11, prompting users to prepare replacements and test tools they rely on for daily work.