Shares of CarMax Inc. KMX, +6.49% tumbled 9.7% toward a more than two-year low in premarket trading Thursday, after the used vehicle retailer reported fiscal second-quarter profit that fell well Read more
Tag: affordability
These are the most — and least — vulnerable housing markets if the U.S. heads into a recession
With interest rates on a 30-year mortgage topping 6%, the housing market is under pressure. Some cites are feeling the brunt more than others. If a major downturn hits the Read more
Mortgage rates take a breather after nearly doubling in one year’s time
The 30-year fixed-rate mortgage averaged 5.7% for the week ending June 30, according to data released by Freddie Mac on Thursday. That’s down 11 basis points from the previous week Read more
Mortgage rates take a breather as the sector cools
The 30-year fixed-rate mortgage averaged 5.7% for the week ending June 30, according to data released by Freddie Mac on Thursday. That’s down 11 basis points from the previous week Read more