The Federal Reserve on Wednesday raised benchmark interest rates by another three-quarters of a percentage point and indicated it will keep hiking well above the current level.
Existing home sales fall for 7th straight month
Sales of previously owned homes declined for the seventh straight month in August, as rising mortgage rates priced out more would-be buyers from the market. But the volume exceeded expectations.
Mortgage demand rises for the first time in six weeks, despite sharply higher interest rates
Mortgage application volume increased last week for the first time in six weeks, according to the Mortgage Bankers Association, despite a rise in interest rates.