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Rapidly rising tuition and housing costs both contributed to lower homeownership rates and a more than twofold surge in student debt in under 15 years.

The top five lenders had an average mortgage origination volume of more than $43 billion at the end of Q1.

The 14.3% rate for deals withdrawn in any April is the highest level other than in Covid-impacted 2020, as homebuyers reexamine the market, Redfin said.

The notion that the enterprises could be a source of revenue has led to a suggestion that the funds from a public offering could be reinvested in housing.

The Republican-led bill heading to the Senate extends and expands numerous business and consumer tax benefits included in Trump's 2017 cuts.

Yields on the 10-year Treasury have been climbing because of the Moody's U.S. downgrade, the tax bill under debate in Congress and possible GSE reform.

Bond yields are shooting up for the second time in as many months. Federal Reserve Gov. Christopher Waller attributes the volatility to concerns about rising national debt levels.

The increase reflects a broader trend that rating agency analysts are watching closely as depository ties to other types of financial institutions grow.

The number of major housing markets with annual home price declines is the largest since late 2023, when average mortgage rates were above 7.5%.

The unexpected drop to the slowest pace in seven months was driven by ongoing affordability constraints and is a lackluster start to the Spring selling season.