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Here's why it's gotten so much harder to get a loan in the US | Money

(CNN) — Cheryl Magnusson and her husband wanted to borrow money for a home renovation project earlier this year. They didn’t expect an arduous process. She said they always easily ....

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Mortgage rates linger above 7% for another week

US mortgage rates remained flat this week, hovering over 7%, where they’ve been for six consecutive weeks as inflation pressures persist. ....

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Home building sank in August amid crushing mortgage rates

US home building sank in August, dropping 11.3% from July levels, as mortgage rates stayed elevated amid lingering inflation. ....

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Homebuilder confidence continues to be weighed down by high mortgage rates

Home builder confidence took a hit in September as average mortgage rates for a 30-year fixed-rate loan stayed above 7%. ....

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Furniture companies in a rut as fewer people buy big-ticket items

Last week, a pair of furniture retailers said they are experiencing a massive sales drop compared to last year. The end of stay-at-home pandemic trends and a housing market slump are playing a role. ....

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