https://www.live-feeds.com/feed/home-sales-dropped-last-month-as-mortgage-rates-reached-highest-level-in-over-a-yearContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/home-sales-dropped-last-month-as-mortgage-rates-reached-highest-level-in-over-a-yearhttps://www.live-feeds.com/feed/home-sales-dropped-last-month-as-mortgage-rates-reached-highest-level-in-over-a-year#u72055Thu, 17 Sep 2026 04:15:28 +0000The Federal Reserve increased its benchmark interest rate, pushing borrowing costs for mortgages and credit cards higher. Mortgage applications and demand for refinancing declined as the 30-year fixed rate climbed toward 7 percent, marking the highest level since May 2025. While U.S. stocks traded mixed on Wednesday following a two-day slide, Hong Kong raised its base rate by 25bps to 4.25% to track the Fed's move. This global tightening of credit threatens property rebounds and increases affordability pressures for home buyers.Why it mattersRising borrowing costs follow a period of marke https://www.live-feeds.com/feed/home-sales-dropped-last-month-as-mortgage-rates-reached-highest-level-in-over-a-yearhttps://www.live-feeds.com/feed/home-sales-dropped-last-month-as-mortgage-rates-reached-highest-level-in-over-a-year#u68790Tue, 15 Sep 2026 09:07:23 +0000Homebuying costs reached their highest level in over a year, according to a report from real estate brokerage Redfin. This increase sidelined potential buyers as affordability pressures compounded existing challenges in the housing market. Meanwhile, Wall Street experienced losses driven by a jump in oil prices that pushed the yield of the 10-year Treasury to 5 percent. The S&P 500 fell 0.5 percent, the Dow Jones Industrial Average dropped 152 points, and the Nasdaq fell 147 points as technology stocks slid worldwide following industry warnings regarding artificial intelligence safety.Why https://www.live-feeds.com/feed/home-sales-dropped-last-month-as-mortgage-rates-reached-highest-level-in-over-a-yearhttps://www.live-feeds.com/feed/home-sales-dropped-last-month-as-mortgage-rates-reached-highest-level-in-over-a-year#u65604Fri, 11 Sep 2026 23:46:34 +0000US existing home sales fell 2% in August, reaching the lowest level since June 2025. This decline comes as 30-year fixed mortgage rates topped 7% for the first time since May 2025. Despite the slump in sales, inventory levels are high, with some reports citing a decade-long peak and others a 7-year high. This disconnect suggests that borrowing costs and high prices are deterring buyers even as more homes become available on the market.Why it mattersHigh borrowing costs are eroding buyer purchasing power, creating a market where supply is increasing but demand is weakening. This shift has led t