Diana Olick
CNBC
Washington, DC, United States
Contact Diana
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Recent articles by Diana:
Mortgage rates drop to the 5% range for the first time since September
The average rate on the 30-year fixed rate mortgage has fallen to 5.99%, according to Mortgage News Daily. → Read More
Saudi Aramco backs Brooklyn-based startup turning ammonia into fuel
Amogy is a startup that is experimenting with ammonia as fuel for heavy duty transportation, like trucking and shipping. The startup is backed by Saudi Aramco. → Read More
Mortgage demand took a big step back last week, even after interest rates fell further
Total mortgage application volume fell 9% last week compared with the previous week. → Read More
Weekly mortgage demand jumps 7% as interest rates drop to lowest level since September
Mortgage interest rates fell for the third straight week, while mortgage demand rose again. → Read More
Hate fast fashion? You can compost this new streetwear clothing line
Unless Collective is a startup aiming to disrupt the fast fashion sector, creating a line of completely compostable clothing and footwear. → Read More
Existing home sales fell 1.5% in December
CNBC's Diana Olick reports on existing home sales, which fell for the 11th consecutive month in December. → Read More
Existing home sales fell for the 11th consecutive month in December, hitting the slowest pace since November 2010
Home sales have fallen for 11 consecutive months as mortgage rates weigh on the market. → Read More
Homebuilder sentiment rises in January for the first time in a year, thanks to lower mortgage rates
Lower mortgage rates are giving homebuilders greater confidence in the single-family housing market. → Read More
Mortgage demand jumps nearly 28% in one week, as interest rates drop to lowest point in months
Mortgage rates are at the lowest level since September, and that is bringing new demand into the mortgage market. → Read More
Mortgage refinance demand surges, as homeowners take advantage of lower interest rates
Mortgage rates fell last week, causing a rush on refinancing. → Read More
Bill Gates' climate investment firm is backing this reusable rocket startup
Stoke Space is developing a clean-fueled, rapidly reusable rocket that can deliver satellites into orbit. → Read More
Consumer confidence in housing finally rises, thanks to falling home prices
Consumer confidence in the U.S. housing market is improving slightly, as mortgage rates settle and home prices fall. → Read More
Mortgage demand plunges 13% to end 2022, as interest rates head higher again
Mortgage application volume was down 13.2% at the end of last week from two weeks earlier as interest rates rose again. → Read More
Home price increases weakened sharply in November, posting the smallest annual gain in 2 years
Higher mortgage rates and consumer worries are hitting home prices. → Read More
Mortgage refinance demand surged 6%, as rates dropped to the lowest level since September
Mortgage applications to refinance a home loan jumped 6% last week from the previous week. → Read More
Rents are still high, even after cooling at the fastest pace in 19 months
Rents for both single-family homes and apartments are still rising, but at a far slower pace, as inflation squeezes consumers and landlords lose pricing power. → Read More
Amazon and Microsoft are backing this battery-powered generator startup
California-based startup Moxion Power is building high-powered, mobile energy storage technology that can be used pretty much anywhere. → Read More
Homebuilder sentiment drops for the 12th straight month, but a bottom may be near
Homebuilder sentiment hit the lowest level since 2012 in December. → Read More
Home flipping profits drop at the fastest pace in over a decade
Investors are pulling out of the flipping market, as profits drop very quickly. → Read More
Mortgage demand inches higher as interest rates move lower
Borrowers are finally reacting to lower mortgage rates, boosting demand for both refinances and loans to purchase homes. → Read More