Mortgage rates fell in March as the Federal Reserve softened its interest rate hikes on March 22. The decision to implement a 25 basis point hike came after the collapse of Silicon Valley Bank and Signature Bank and the banking instability that followed.
The 30-year mortgage rate hit 6.42% this...
Chicago's already declining office market has been handed another tough blow this week. Airplanes manufacturer Boeing announced that the company would leave the city after two decades and is moving its headquarters to Arlington, Virginia.
According to Boeing CEO Dave Calhoun, the company also plans to establish a research and...
Bank of America Corp chief executive officer Brian Moynihan stated during an interview with CNN on Tuesday that he expects a housing market slowdown over the next two years. This would largely be an effect of the recent rise in interest rates, the BoA executive continued.
"This is the toughest...