The Latest Breaking News from Greg McBride

Americans are seeing the fastest wage growth in decades, and the majority of workers in a Bankrate survey say they’ve gotten at least some kind of income boost over the past 12 months — but the hottest inflation in almost four decades could be keeping them from fully reaping those…

Mortgage rates continue to increase while inflation remains the focus of the Federal Reserve.

Mortgage rates are surging higher, inflation is soaring, and many experts are forecasting a recession may soon be on the way. Despite these negative impacts on the housing market, real estate remains America’s favorite long-term investment in 2022, according to a just-released Bankrate survey. It was the third time in…

With another dismal inflation report in for June, homebuyers and sellers continue to face the harsh reality that home prices — which were cued to cool down this year — might not slow for some time. The question for house hunters now: Should you wait out this period of elevated…

Inflation is taking its toll as more and more people can't afford to save.

Economists like to say interest rates take the elevator down and the staircase back up. The metaphor highlights just how swiftly the Federal Reserve slashes borrowing costs during economic crises — and how gradually the Fed lifts rates when the economy is healing.

Many factors are putting upward and downward pressure on mortgage rates, and prospective borrowers have observed a seesaw pattern in the cost to finance a home recently.

The housing market caught fire in 2020 as Americans decided en masse that they wanted homes and were willing to pay for them.

And only 22% surveyed said they feel they will have enough money to live comfortably once they retire.