Mortgages? Big Banks May Be Throwing In the Towel

Mortgages? Big Banks May Be Throwing In the Towel

RKO Pictures via Getty Images You can kiss George Bailey’s mortgage market goodbye. As the small-town banker in Frank Capra’s “It’s a Wonderful Life,” Bailey epitomized an old-fashioned world in which bankers know every borrower personally. In the mortgage market of...
Rent Is Accelerating Again. What Can Be Done?

Rent Is Accelerating Again. What Can Be Done?

Ty Wright/Bloomberg via Getty Images Rental price growth, which took a brief breather this winter, is surging higher again, adding fresh urgency to policymakers’ considerations of how to address a worsening affordability crisis. In March, the cost of rent was 3.7%...
The 4% Mortgage Is Back

The 4% Mortgage Is Back

Ty Wright/Bloomberg via Getty Images Mortgage rates are fast approaching 4%, a rate low enough that economists and lenders believe it will help jump-start the housing market again. The average rate on a 30-year fixed mortgage fell to 4.06% this week, its lowest since...
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