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Calculated Risk

Calculated Risk: Lawler: Update on Mortgage Rates and Spreads and also New / Renewal Rents

Calculated Risk: Thursday: Unemployment Claims, Trade Deficit

A top ranked economics and finance blog with a focus on the housing market

Calculated Risk: Weekly Initial Unemployment Claims at 208,000

A top ranked economics and finance blog with a focus on the housing market

Janet Yellen Says It s Almost Impossible For First-Time Homebuyers To Enter Housing Market

Mortgage rates have been so low for so long that it's created a lock-in effect where people don't want to sell their homes to buy new ones for fear of losing their attractive rates. That's made it "almost impossible" for first-time homebuyers to enter the housing market, U.S. Treasury Secretary Janet Yellen said during her testimony before the House Ways and Means Committee. "With house prices having gone up and now with much higher interest and mortgage rates, it's almost impossible for first-t

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