The writing is on the wall for US mortgage lenders as their home lending profits tumble — and it spells major jobs losses for more than 350,000 financial workers. Pink slips are mounting faster than the Fed can raise interest rates — the key factor cited for the slowdown as mortgage rates rise — with...

Topics:  fed   jobs   rate   home   mortgage lenders   
BING NEWS:
  • Fed Rate Predictions: Forget Interest Rate Cuts. One Economist Says Rate Hikes Are More Likely This Year
    If you're waiting for relief from high interest rates, it might not happen until 2025. Why You Can Trust CNET Money Our mission is to help you make informed financial decisions, and we hold ourselves ...
    04/26/2024 - 8:56 am | View Link
  • Bets on Rate Cuts This Year Are Fading Away
    Stubborn inflation has led traders to forecast far fewer rate cuts by the Federal Reserve than just a few months ago.
    04/26/2024 - 7:16 am | View Link
  • The Dream of Fed Rate Cuts Is Slipping Away
    Investors are backing away from expectations that the central bank can reduce rates in coming months, hitting markets.
    04/26/2024 - 2:28 am | View Link
  • Current Mortgage Interest Rates
    Some or all of the mortgage lenders ... rate will be personalized according to your circumstances. The rates advertised on websites usually assume that you're using the loan to buy a primary home ...
    04/22/2024 - 7:06 pm | View Link
  • Mortgage rate rises announced by five lenders: HSBC, Barclays and NatWest all hiking interest
    Five mortgage lenders have announced they are increasing rates, in the latest blow to home ... rate cuts in 2024. This has now fallen to just two or three. The timing of the first base rate cut ...
    04/22/2024 - 2:17 am | View Link
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