🚗 🚙 Turn your trusty old car into trustworthy journalism Learn more

Mortgages are still in demand. Qualifying for one is a different story.

Sep 29, 2023
Pending home sales fell more than 7% in August, according to the National Association of Realtors. While demand for homes is still high, people are having a harder time qualifying for mortgages — and that's intensifying demand for cheaper homes.
"A lot of our borrowers are assuming that in 3 or 5 years, those interest rates are going to have come back down," said Chris Duncan of La Salle State Bank at Illinois.
Stefani Reynolds/AFP via Getty Images

Homebuyers keep looking for a dip in mortgage rates

Mar 29, 2023
A February rise in pending home sales likely reflects a short dip in rates earlier.
An uptick in a pending home sales in February follows lower mortgage rates from a month or two earlier.
Justin Sullivan/Getty Images

Economic indicators that make you go 'hmmmmm'

Oct 28, 2013
Pending housing starts are disappointing and industrial production is up. Business spending was less than expected last week.