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Diana Olick - 12 Joel Kan - 5 Matthew Graham - 3 Refinances - 2 Lisa Resch - 2 Lawrence Yun - 2 Horton - 2 Kan - 2
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Search resuls for: "Diana Olick"


25 mentions found


☆ Adjustable-rate mortgage demand hits highest level in nearly a year as interest rates continue to climb
  + stars: | 2023-10-25 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com   time to read: +2 min
Mortgage demand has essentially stalled at the slowest pace since 1995 as mortgage interest rates continue to rise. Total application volume dropped 1% last week compared to the previous week, according to the Mortgage Bankers Association's seasonally adjusted index. The adjustable-rate mortgage share of total demand hit 9.5%, the highest level in nearly a year. That annual comparison is shrinking because refinancing crashed just over a year ago, when mortgage rates first started to rise sharply. Buyers right now are not only contending with higher mortgage rates, but also with bare minimum supply.
Persons: Joel Kan, Refinances Organizations: Mortgage, CNBC Locations: New York City
☆ Startup Ascend Elements gets federal supercharge for battery recycling
  + stars: | 2023-10-24 | by ( Diana Olick | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStartup Ascend Elements gets federal supercharge for battery recyclingCNBC's Diana Olick joins 'Power Lunch' to discuss the startup behind North America's first ever EV battery recycling plant, the startups manufacturing and development plans, and the federal money supporting Ascends development.
Persons: Diana Olick
☆ The housing market was already painful, ugly and anxious. Now the 8% mortgage rate is back
  + stars: | 2023-10-21 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com   time to read: +4 min
watch nowToday's housing market is a toxic mix of high mortgage rates, high prices, tight supply and strangely strong pent-up demand — and it's scaring off buyers and sellers alike. Now the popular 30-year fixed mortgage rate is at 8%, the highest in decades, making things even tougher. The result was record-low mortgage rates for two solid years. That, ironically, made the housing market even more expensive. They have little desire to trade the 3% rate they currently have for an 8% mortgage rate on a new purchase.
Persons: Matthew Graham, MND's Graham, He's, Lisa Resch, What's, Lawrence Yun, Yun Organizations: Mortgage News, Federal Reserve, National Association of Realtors, Compass, Washington , D.C, NAR, Buyers Locations: Washington ,, Florida, Tampa, Jacksonville, Orlando, Houston , Texas, Memphis , Tennessee, homebuilders, Horton
☆ September home sales drop to the lowest level since the foreclosure crisis
  + stars: | 2023-10-19 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com   time to read: +2 min
This is the slowest sales pace since October 2010, during the Great Recession, when the market was in the midst of a foreclosure crisis. As a comparison, just two years ago, when mortgage rates hovered around 3%, home sales were running at a 6.6 million pace. Adding to higher mortgage rates, the median price of a home sold in September was $394,300, up 2.8% year over year. That's because there is more supply at the higher price points and because higher-end buyers can often use cash. Mortgage demand is now at the lowest level since 1995, according to the Mortgage Bankers Association.
Persons: Lawrence Yun, Danielle Hale Organizations: National Association of Realtors, Mortgage News, Federal, Mortgage, Association
☆ The 30-year fixed mortgage rate just hit 8% for the first time since 2000 as Treasury yields soar
  + stars: | 2023-10-18 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com   time to read: +2 min
The average rate on the popular 30-year fixed mortgage rate hit 8% Wednesday morning, according to Mortgage News Daily. Mortgage rates follow loosely the yield on the 10-year U.S. Treasury . Rates rose sharply this week and last week, as investors digest more reads on the economy. On Wednesday, it was housing starts, which rose in September, though not as much as expected, according to the U.S. Census Bureau. These higher rates have caused mortgage demand to plummet, as applications fell nearly 7% last week from the previous week, according to the Mortgage Bankers Association.
Persons: Matthew Graham, Horton Organizations: Mortgage News, Treasury, . Census, Federal, Mortgage, Association, CNBC
☆ Bad news for commercial real estate: Architects report a big drop in business
  + stars: | 2023-10-18 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com   time to read: +2 min
Architecture firms reported a sharp drop in business in September, indicating that the commercial real estate market could see even more pain in the next year. The index is a forward-looking indicator of demand for non-residential construction activity, both commercial and industrial buildings. Commercial real estate has been hit with a double whammy. Among real estate sectors, firms with a multi-family residential focus saw more of a decline. Multi-family construction boomed over the last few years, with a record number of units now flooding the market and putting pressure on rents.
Persons: Kermit Baker, bode, Peter Boockvar Organizations: AIA, Billings, Bleakley Financial Locations: billings
☆ Mortgage demand falls to the lowest level since 1995 as interest rates near 8%
  + stars: | 2023-10-18 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com   time to read: +1 min
Mortgage rates last week rose for the sixth straight week, causing demand for home loans to drop to the lowest level since 1995. Total application volume fell 6.9% compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index. Applications for a mortgage to purchase a home dropped 6% week to week and were 21% lower than the same week one year ago. ARMs offer lower rates and can be fixed for up to 10 years before the rate resets. Mortgage rates moved even higher to start this week, with the 30-year fixed hitting 7.92% on Tuesday, according to Mortgage News Daily.
Persons: Joel Kan Organizations: Lennar Corporation, Mortgage, Mortgage News, CNBC Locations: Morristown, Morristown , New Jersey
☆ Wells Fargo names D.R. Horton top pick as mortgage rates surge higher
  + stars: | 2023-10-17 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWells Fargo names D.R. Horton top pick as mortgage rates surge higherCNBC's Diana Olick reports on the upgrades on Wall Street regarding homebuilder sentiment.
Persons: Horton, Diana Olick Organizations: Wells Locations: D.R
☆ This startup CEO claims he can completely decarbonize the cement industry
  + stars: | 2023-10-17 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com   time to read: +2 min
Brimstone Energy, a California-based startup, is one of several companies trying to reduce the carbon emissions from the production of cement, which accounts for about 8% of global carbon emissions. Unlike limestone, however, the silicate rock contains no CO2, so there are no such emissions associated with the production process. Last July it received certification that its product is essentially the same as Portland cement. Not only does the silicate rock Brimstone uses not emit carbon, it actually absorbs carbon. "Ultimately, our plan, our goal would be to develop a credibly lower-cost process to make Portland cement at scale.
Persons: Cody Finke, Finke, Cooper, Lisa Rizzolo Organizations: Brimstone Energy, Breakthrough Energy Ventures, DCVC, Fund, S2G Ventures, CNBC Locations: California, Portland
☆ Homebuilder sentiment drops to 10-month low, as mortgage rates soar
  + stars: | 2023-10-17 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com   time to read: +2 min
Builder confidence in the market for single-family homes dropped to the lowest level since January, as builders contend with a market dominated by high mortgage rates and costs for financing. The monthly National Association of Home Builders/Wells Fargo Housing Market Index dropped 4 points to 40 in October, and September's read was revised down 1 point. Builders point squarely to mortgage rates, which are now at a 23-year high. Regionally, on a three-month moving average, builder sentiment in the Northeast fell 4 points to 50 and in the Midwest dropped 3 points to 39. In the South it fell 5 points to 49, and in the West it fell 6 points to 41.
Persons: September's, Alicia Huey, Robert Dietz, NAHB's Organizations: National Association of Home Builders, Builders, Midwest, CNBC Locations: Wells Fargo, Birmingham , Alabama, West
☆ Homebuilder sentiment drops as mortgage rates rise higher
  + stars: | 2023-10-17 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHomebuilder sentiment drops as mortgage rates rise higherCNBC's Diana Olick joins 'The Exchange' to discuss bond yields hurting home builder sentiment, homebuilders offering price cuts to entice potential buyers, and homebuilders trying to stay competitive by offering incentives like mortgage rate buydowns.
Persons: Diana Olick
☆ Startup works to reduce carbon emissions from cement production
  + stars: | 2023-10-16 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStartup works to reduce carbon emissions from cement productionCNBC’s Diana Olick joins 'Power Lunch' to discuss companies using a different kind of rock than cement that produces less emissions.
Persons: Diana Olick
☆ White House announces recipients of $7 billion in hydrogen hub grants
  + stars: | 2023-10-13 | by ( Diana Olick | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhite House announces recipients of $7 billion in hydrogen hub grantsCNBC's Diana Olick joins 'Worldwide Exchange' with the latest news out of Washington.
Persons: Diana Olick Organizations: White Locations: Washington
☆ Potential buyers waiting to see effect of higher rates on demand and prices
  + stars: | 2023-10-13 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPotential buyers waiting to see effect of higher rates on demand and pricesCNBC's Diana Olick breaks down the latest data on the U.S. housing market.
Persons: Diana Olick
☆ High rates rock housing stocks
  + stars: | 2023-10-13 | by ( Diana Olick | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHigh rates rock housing stocksCNBC's Diana Olick reports on the latest for homebuilder stocks.
Persons: Diana Olick
☆ Navigating Today's Housing Market
  + stars: | 2023-10-12 | by ( Diana Olick | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNavigating Today's Housing MarketWith mortgage rates high and housing inventories low, the market for home buyers and sellers is a tricky one. Advising clients on what might be the biggest sale and purchase decisions they ever make is tough even in the best of times. National Association of Realtors President Tracy Kasper joins CNBC Senior Climate and Real Estate Correspondent Diana Olick to make sense of it all.
Persons: Tracy Kasper, Diana Olick Organizations: National Association of Realtors, CNBC, Real Estate
☆ Adjustable-rate mortgage demand spiked last week. Here's why.
  + stars: | 2023-10-11 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com   time to read: +2 min
The average rate on the 30-year fixed mortgage rose to the highest level since 2000 last week, but rates on adjustable-rate mortgages fell. But the average contract interest rate for 5/1 ARMs decreased to 6.33% from 6.49%. ARMs usually offer much lower rates because they have shorter fixed terms. Applications for a mortgage to purchase a home rose 1% for the week and were 19% lower than the same week one year ago. "In this first two weeks of October, as anticipated, inventories have taken a jump, but then because interest rates have taken a jump too, we're seeing less buyers.
Persons: Joel Kan, Kan, Lisa Resch Organizations: Mortgage, ARM, Washington , D.C, Compass Locations: Washington ,
☆ Home affordability initiatives need to come at the fiscal level, says MBS Lives' Matthew Graham
  + stars: | 2023-10-06 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHome affordability initiatives need to come at the fiscal level, says MBS Lives' Matthew GrahamMatthew Graham, chief operating officer at Mortgage News Daily, and CNBC's Diana Olick join 'The Exchange' to discuss mortgage rates correlating with the ten-year and pricing off mortgage-backed securities, mortgage rates hitting a 23-year high, and initiatives that could help home affordability without manipulating the broader financial market.
Persons: Matthew Graham Matthew Graham, Diana Olick Organizations: Mortgage News Daily
☆ Mortgage demand drops to the lowest level since 1996, as interest rates head toward 8%
  + stars: | 2023-10-04 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com   time to read: +2 min
"As a result, mortgage applications ground to a halt, dropping to the lowest level since 1996." Just two years ago, when rates were setting multiple record lows, refinance demand made up roughly three-quarters of all mortgage applications. The ARMs made up 8% of purchase applications, up from 6.7% about a month ago, when interest rates were slightly lower. ARM's offer lower rates but are fixed for a shorter term, usually five or 10 years. Investors are responding to better-than-expected economic data, which could push the Federal Reserve to be more aggressive in its higher interest rate policy.
Persons: Joel Kan, Refinances, Kan Organizations: Mortgage, Federal Reserve
☆ Housing stocks in the red as bond yieds and mortgage rates rise
  + stars: | 2023-10-03 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHousing stocks in the red as bond yieds and mortgage rates riseCNBC's Diana Olick joins 'Closing Bell' to discuss the pressure the higher mortgage and bond yield rates are having on the housing market.
Persons: Diana Olick
☆ Mortgage rate races toward 8% after hitting a high not seen since late 2000
  + stars: | 2023-10-03 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com   time to read: +2 min
The average rate on the popular 30-year fixed mortgage rose to 7.72% on Tuesday, according to Mortgage News Daily. Mortgage rates follow loosely the yield on the 10-year Treasury , which has been climbing this week following strong economic data. Rates have not been this high since the end of 2000. At the beginning of this year, the 30-year fixed rate dropped to about 6%, causing a brief burst of activity in the spring housing market. While builders had been benefiting from the tight supply of existing homes for sale, higher mortgage rates are a major concern now.
Persons: Matthew Graham Organizations: Mortgage News Daily ., Treasury, Federal Reserve, Investors, Mortgage News
☆ Interest rates are putting home demand and supply in a gridlock, says Black Knight's Andy Walden
  + stars: | 2023-10-03 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInterest rates are putting home demand and supply in a gridlock, says Black Knight's Andy WaldenAndy Walden, Black Knight VP of enterprise research strategy, and CNBC's Diana Olick join 'The Exchange' to discuss higher rates crushing affordability for potential home buyers, the path to normalization in the housing market, and the lack of inventory leading to higher prices.
Persons: Black, Andy Walden Andy Walden, Diana Olick
☆ How your shrimp cocktail can reduce the plastic waste tied to global warming
  + stars: | 2023-10-02 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com   time to read: +2 min
All that single-use plastic and Styrofoam, especially for cold packaging, is contributing to greenhouse gas emissions and consequently climate change. Now, companies like TemperPack, Green Cell and a California-based startup called Cruz Foam are making more recyclable and biodegradable packaging. Cruz Foam is using shrimp shells in its packaging. And Cruz Foam doesn't make the packages, rather it provides packagers with the material. Cruz Foam has several products, from cold packaging for foods to protective wrap to substitute for bubble wrap.
Persons: John Felts, Dan Fishman, Cruz Organizations: Green Cell, Cruz, Whirlpool, One Ventures Locations: California, Helena
☆ Mortgage demand shrinks as interest rates hit the highest level in nearly 23 years
  + stars: | 2023-09-27 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com   time to read: +2 min
Mortgage interest rates just hit a level not seen since the year 2000. The 30-year fixed jumbo mortgage rate increased to 7.34%, the highest rate in the history of the MBA's jumbo rate series dating back to 2011. After record low interest rates throughout the first few years of the pandemic, and a refinance boom, there are precious few borrowers now with mortgage rates high enough to benefit from a refinance. Today's potential buyers are facing an unprecedented dynamic of a historically low supply of homes for sale, coupled with both rising interest rates and rising prices. Interest rates continued to move higher this week, according to a separate survey from Mortgage News Daily.
Persons: Joel Kan Organizations: Mortgage, Market, Mortgage News
☆ New home sales in August fell short of expectations
  + stars: | 2023-09-26 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNew home sales in August fell short of expectationsCNBC's Rick Santelli and Diana Olick report on the latest economic data.
Persons: Rick Santelli, Diana Olick
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