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Mortgage Layoffs Surge As Rising Rates Crush Lending Activity
Forbes· 4 days agoAdding to 2022’s turmoil, the housing market is showing troubling signs as rising interest rates...
U.S. new home sales rebound in May; consumer sentiment at record low By Reuters
Investing.com· 3 days ago"We suspect May's surprisingly strong new home sales will prove to be the last hurrah for new home...
Something Strange is Happening With Home Prices
TheStreet.com· 3 days agoAs mortgage rates hit fresh highs, there's something unusual going on with the real estate market. Mortgage rates are soaring, and sales are dropping....
Mortgage rates continue to escalate, move closer to 6 percent
Washington Post· 4 days agoMortgage rates continued their upward momentum this week and show no signs of slowing down as they...
JPMorgan's mortgage business lays off, reassigns hundreds of employees as rates climb
FOX Business· 5 days agoJPMorgan Chase's mortgage business has become the latest casualty of layoffs as the Federal...
JPMorgan Lays Off Home Lending Workers as Rate Spike Hits Demand
Barrons.com· 5 days agoWells Fargo (WFC), another big mortgage lender, has also been laying off and reassigning employees...
U.S. home sales slide as prices break above $400,000 for first time
Reuters via Yahoo News· 6 days ago"Existing home sales should continue to slow over the course of the year as mortgage rates move...
TREASURIES-Yields rise as investors weigh rate hikes and risk of downturn
Reuters via Yahoo Finance· 3 days ago“It’s been a huge move lower really across the curve... It’s come down to some pricing out of central bank tightening,” said Zachary Griffiths, an interest rate strategist ...
Stock Market Today - 6/21: Stocks End Higher As Bond Yields Ease, But Recession Concerns Linger
TheStreet.com· 6 days agoStocks ended sharply higher Tuesday but traders remain worried about near-term recession risk and...
JPMorgan Lays Off Home Lending Employees As Housing Market Cools
Forbes· 5 days agoJPMorgan Chase—the nation’s largest bank—laid off hundreds of home lending employees Wednesday,...
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