The numbers: The housing sector continues to face headwinds. The 30-year fixed-rate mortgage averaged 7.08% as of Nov. 10, according to data released by Freddie Mac FMCC, +0.03% on Thursday. Read more
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AMC should avoid ‘distractions’ like credit cards, popcorn and dive deeper into IMAX, says analyst
AMC Entertainment Holdings Inc., which reported its 12th consecutive quarterly loss on Tuesday, should avoid the “distractions” of its many new business ventures and dive deeper into its IMAX partnership, Read more
Apple, Pepsi among newest to join alliance buying greener concrete and steel
PepsiCo Inc., Apple Inc. and Rio Tinto PLC can be counted among the newest members of a corporate alliance committing $12 billion to purchasing near-zero-carbon steel, aluminum, cement and other products with the intention Read more
BofA cuts home price growth to 0% for next 2-3 years, but still sees no major distress unfolding
Record low affordability and a dearth of houses to buy have credit analysts at BofA Global cutting their outlook for U.S. home price growth to zero in 2023, while also Read more
A home buying tactic from the ’70s and ’80s is seeing a revival—here’s how it works and what buyers and sellers get out of it
Home buyers are looking for ways to whittle down their mortgage rates. As a result, a once-popular home-selling tactic is making a comeback. It’s called a temporary buydown, and it Read more
Peabody, Australia’s Coronado end talks over potential merger
SYDNEY — Coronado Global Resources Inc. and Peabody Energy Corp. mutually agreed to end talks over combining to create a new global coal giant. Australia-listed Coronado CRN, -6.17%, which also Read more
‘Incentives come in many forms’: Here are ways to lower your mortgage rate, according to this mortgage company CEO
Mortgage rates are double where they were a year ago, making home buying a much more costly endeavor. Home sellers are trying to help them out. Buyers are not feeling Read more
The midterm elections are coming. Here’s what that means for the U.S. housing market.
The midterm U.S. elections are coming. And elections have consequences for the housing market, according to a new report from investment bank Cowen. The report by Cowen’s Jaret Seiberg noted Read more
Property appraisers valued an interracial couple’s home at $310,000 when they met the Black homeowner — but gave their white partner a $350,000 valuation
Interracial couples were assigned different appraisal values for their homes in the Baltimore, Md., area depending on the skin color of the partner who greeted the appraiser and whether the Read more
Mortgage rates surpass 7%, Freddie Mac says — ‘leading to greater stagnation in the housing market’
High mortgage rates continue to pressure the housing market, as the sector undergoes a deep slow down after two years of blockbuster growth. The 30-year fixed-rate mortgage averaged 7.08% as Read more