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Here comes the Fed
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Will Banks Have To Report All Transactions Over $600 to IRS Under Biden Plan?
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Hot iron market includes trucks and tractors
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Heat Wave in Northwest Overwhelmed Healthcare System
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The housing market is as hot as ever. The mortgage market, though, is losing steam. Homes are selling at a blistering pace unseen since before the financial crisis, pushing up home values in nearly every U.S. ZIP Code. Yet lenders are preparing for mortgage demand to cool in the coming months, the result of rising interest rates that make refinancing less attractive for a huge chunk of borrowers. The anticipated decline in mortgage volume is setting off price wars across the industry. That is driving down profit margins and spooking the shareholders of mortgage firms that went public closer to the height of the lending boom.