Lawrence Yun

Money Moves

Active; primary voice explaining the October slump

US existing-home sales fell to a seasonally adjusted annual rate of 3.75 million in October, the lowest since August 2010. Sales dropped 5.5% from September and 8.8% from a year earlier as 30-year mortgage rates held above 7%.

Updated 1 hour ago

Money Moves

Predicting 7% becomes the new normal

Mortgage rates fell for four straight weeks to 7.11% on Nov. 12. The relief may be over: October consumer prices rose 0.4%, and Mortgage News Daily's 30-year rate jumped 12 basis points to 7.30% on Nov. 10.

Updated 2 days ago