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Average mortgage payment tops $2,000 for first time, Realtor.com says

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Average mortgage payment tops $2,000 for first time, Realtor.com says

Outstanding mortgage payments reached a new high at the end of last year when the typical mortgage holder’s monthly payment exceeded $2,000 for the first time.

While the average monthly payment for new homebuyers crossed the $2,000 threshold in September 2022, the rise in the average monthly payment for all outstanding mortgages to $2,005 in the fourth quarter of 2025 for the first time underscores the affordability challenges facing buyers, according to Realtor.com data.

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The uptick covers the full portfolio of mortgages in the U.S., including a large group of borrowers who took out loans before 2022 and have mortgage rates of 4% or lower – whereas new buyers face significantly higher payments given the elevated mortgage rates.

Homes in suburban neighborhood with American flags

Average mortgage payments rose to the highest level on record at the end of last year. (Getty Images)

“New borrowers entering the market today face substantially higher payments than the existing portfolio average implies, which is keeping many potential sellers locked in place,” wrote Hannah Jones, senior economic research analyst for Realtor.com. 

THESE 8 HOUSING MARKETS FAVOR BUYERS

The report noted that the average payment was $1,255 in early 2013 and increased gradually to $1,456 by early 2020, before it accelerated sharply amid surging home prices and new mortgage originations.

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The average mortgage payment increased by more than $600 in just the last several years, rising from $1,390 in early 2021 to $2,005 at the end of 2025 – which amounts to a 44% increase in roughly four years.

NEW JERSEY OUTPACES US HOUSING MARKET, TOPS NATION IN PRICE GROWTH

The report found that a little more than half of all outstanding mortgages, or 50.6%, still carry interest rates of 4% or lower. More than three quarters of all mortgages, or about 78%, have a rate below 6%.

The share of mortgages with a 6% or higher share now stands at 21.9%, an increase of 3.9 percentage points from the 18% reading at the end of 2024, which shows a meaningful year-over-year acceleration that was driven by sustained buyer activity even amid high borrowing costs.

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HOUSING MARKET GAINING MOMENTUM AS SPRING SEASON BEGINS

home with sold sign in front

Life events are helping drive activity by sellers despite high mortgage rates and home values. (Elijah Nouvelage/Bloomberg via Getty Images)

“Even in today’s high-price, high-rate market, homebuying activity around major life events, such as having kids, a job change, or a divorce, keeps the market in motion,” Jones wrote.

Easing inflation and mortgage rates will be key drivers of seller activity as well, which will relieve some of the price pressure and competition in today’s undersupplied market,” she added.

The Realtor.com report also noted that while rate lock-in “remains substantial” with about 78% of mortgages carrying rates below 6%, the steady erosion of the cohort of mortgage holders with rates below 4% and the acceleration in the growth of the population with mortgage rates at or above 6% suggests the “market’s center of gravity is gradually shifting.”

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“The question for 2026, now complicated by renewed rate volatility tied to geopolitical uncertainty, is whether relief arrives fast enough to unlock reluctant sellers before another spring slips by,” Jones said.

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Genesis adds $200m, fuel in focus

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Genesis adds $200m, fuel in focus

Raleigh Finlayson’s Genesis Minerals made almost $200 million over the first three months of 2026 but says it is watching fuel supply stability closely.

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Billions at stake in LNG tax debate

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Billions at stake in LNG tax debate

Chevron, Shell and BP have warned new taxes will discourage investment in Australia, ahead of a senate committee into Australia’s gas tax regime.

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Is Anthropic’s Chatbot Down Again on April 15 2026?

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Claude

NEW YORK — Anthropic’s popular AI assistant Claude faced fresh disruptions Wednesday as users worldwide reported elevated errors across claude.ai, the API and Claude Code, prompting frantic searches for alternatives and highlighting the growing pains of rapid AI adoption.

Claude
Claude

At midday on April 15, 2026, thousands turned to outage trackers and social media after experiencing login failures, chat interruptions, usage limit glitches and partial service degradation. The issues emerged in the early afternoon UTC, with Anthropic’s official status page confirming it was investigating increased errors on its core platforms.

Claude.ai, the web interface where millions interact daily with models like Claude Opus 4.6 and Sonnet, showed the most visible impact. Some users reported being unable to log in, while others encountered incomplete responses, stream timeouts or sudden messages claiming they had hit usage limits despite recent inactivity. Claude Code, the coding-focused tool, remained partially accessible for already-logged-in users but blocked new sessions. The API recovered fully by early evening PT according to updates, though consumer-facing services lagged behind.

Anthropic’s status.claude.com page detailed the timeline. At 14:55 UTC the company posted it was “Investigating” elevated errors. By 15:03 UTC it confirmed ongoing work. At 15:20 UTC it marked the issue as “Identified” with a fix in progress. Later updates noted the API had fully recovered as of 8:01 PT / 16:01 UTC, while mitigation continued for Claude.ai and login paths. Claude Code users who stayed logged in could continue working, but new logins remained broken.

The disruption arrived amid a pattern of intermittent outages that have plagued Claude since early 2026. Similar elevated-error incidents hit in March and early April, often tied to surging demand following major model releases. On April 13 users complained of login loops and instant usage-limit bugs. Earlier episodes in March involved 500 internal server errors and authentication failures that left developers scrambling.

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Downdetector and similar sites recorded spikes in reports throughout the day, with complaints centered on chat access, the desktop app and voice mode. Social media buzzed with frustration. Users posted screenshots of error messages and joked about having to “use their brain to code” again. One thread asked what people do when Claude goes down, while another quipped the AI had gone on strike.

For many professionals the outage stung. Developers rely on Claude Code for real-time assistance with complex projects. Writers and analysts use the chatbot for drafting, research and data interpretation. Enterprises integrating Claude via API faced workflow interruptions. The timing amplified annoyance — mid-week when productivity demands peak.

Anthropic has not issued a detailed public statement beyond status updates. The company typically attributes such incidents to “unprecedented demand” after popular releases, as seen in prior resolutions where it thanked users for patience while scaling infrastructure. Claude’s rapid rise in popularity, especially after the February 2026 launch of Claude Opus 4.6 positioned as a leader in coding and agentic tasks, has strained systems despite heavy investment in compute.

The outage underscores broader challenges facing frontier AI companies. As models grow more capable, user bases explode, testing backend resilience. Competitors like OpenAI’s ChatGPT and Google’s Gemini have faced their own downtime episodes, but Claude’s issues often draw extra attention because of its strong reputation among developers and power users who prize its thoughtful, less-censored responses.

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Wall Street and tech observers watch these events closely. Anthropic, valued at tens of billions after major funding rounds from Amazon and Google, must prove it can match demand without frequent hiccups. Reliability has become a key differentiator as businesses shift mission-critical tasks to AI assistants. Repeated outages risk eroding trust, especially for paid Pro and Team subscribers who expect consistent access.

For individual users the disruption served as a reminder of single-point dependency. Many switched to alternatives like Grok, ChatGPT or open-source models during the wait. Some reported success with cached conversations or offline tools, while others simply took a break. Reddit’s r/ClaudeAI subreddit lit up with performance megathreads and workaround discussions.

Anthropic’s transparency via the status page earned some goodwill, but critics noted occasional lags between real-world reports and official acknowledgments. Third-party monitors like IsDown.app and DownDetector often surface problems faster than the company’s dashboard in the initial minutes.

Looking ahead, the incident may accelerate Anthropic’s infrastructure expansion. The company has poured resources into data centers and partnerships to support growing usage. Future reliability could hinge on better load balancing, redundant systems and proactive capacity planning ahead of major model drops.

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For now, most affected users saw partial or full recovery by late afternoon or evening on April 15. The API returned to normal operations first, allowing developer tools and integrated applications to resume. Consumer web and app access followed more gradually as fixes rolled out.

The event highlights AI’s double-edged nature in 2026. Tools like Claude deliver extraordinary productivity gains when available, yet downtime can halt workflows across industries. As adoption deepens — from solo creators to Fortune 500 teams — service stability becomes as crucial as model intelligence.

Investors and analysts will likely view this as a routine scaling bump rather than a red flag, given the company’s strong fundamentals and backing. Still, frequent incidents could invite comparisons to early ChatGPT growing pains and fuel calls for greater redundancy.

Users checking status.claude.com or Downdetector received the clearest picture. Those still facing issues were advised to clear caches, try different browsers or devices, or wait for the next update. Anthropic typically resolves such matters within hours once identified.

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As evening approached on the U.S. East Coast, reports of successful logins increased, suggesting the fix was taking hold. The company continued monitoring post-resolution, a standard practice to catch any rebound effects.

Claude’s appeal lies in its balance of capability and safety focus, setting it apart in a crowded field. Outages test user loyalty but also demonstrate demand. When the service runs smoothly, many consider it indispensable for deep reasoning tasks that other models handle less gracefully.

For Anthropic the priority remains clear: restore service quickly and communicate transparently while investing to prevent recurrence. Wednesday’s disruption, though inconvenient, fits a familiar pattern in the fast-evolving AI sector where success itself creates technical hurdles.

As the dust settles, affected users will resume their sessions, perhaps with renewed appreciation for uptime. The episode serves as another data point in the ongoing story of AI infrastructure meeting explosive real-world usage. Whether Claude emerges stronger or faces renewed scrutiny depends on how swiftly and cleanly Anthropic closes this latest chapter.

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In the meantime, the internet did what it does best — turned frustration into memes and shared workarounds. For many the brief outage became a quirky reminder that even the smartest AI still runs on very human-engineered systems prone to occasional hiccups. The golden rule in 2026: always have a backup chatbot ready when your favorite one blinks out.

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S&P 500 To 7,000 And Nasdaq 100 Points To ATH: Are Markets Getting Ahead Of Themselves?

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U.S. Earnings Season Ends On Strong Note

S&P 500 To 7,000 And Nasdaq 100 Points To ATH: Are Markets Getting Ahead Of Themselves?

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Olaplex Holdings stock reaches 52-week high at $2.04

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Olaplex Holdings stock reaches 52-week high at $2.04

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Horse urine perfume: why online bargains may be dangerous

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Horse urine perfume: why online bargains may be dangerous

Experts warn of hidden risk of counterfeits, while the government consults on stricter product safety rules.

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Dollar Tree Stock: A Strong Bet As Shoppers Seek Value (NASDAQ:DLTR)

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Dollar Tree Stock: A Strong Bet As Shoppers Seek Value (NASDAQ:DLTR)

This article was written by

With combined experience of covering technology companies on Wall Street and working in Silicon Valley, and serving as an outside adviser to several seed-round startups, Gary Alexander has exposure to many of the themes shaping the industry today. He has been a regular contributor on Seeking Alpha since 2017. He has been quoted in many web publications and his articles are syndicated to company pages in popular trading apps like Robinhood.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of DLTR either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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'Significant' out-of-control fire at major oil refinery

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'Significant' out-of-control fire at major oil refinery

Petrol production has been affected as firefighters continue to battle a significant, out-of-control fire at one of Australia’s two oil refineries.

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Why Procurement Automation Is Really About Rules

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Artificial intelligence and robotics could automate more than half of all work carried out in the United States — with existing technology — according to a new report from the McKinsey Global Institute.

That pitch still exists, but it no longer captures the most interesting change in the category. The real shift is that procurement platforms are increasingly being used not just to digitize transactions, but to turn management rules into something people have to follow. Deloitte’s 2025 Global Chief Procurement Officer Survey describes procurement as being at a turning point, while a 2025 Harvard Business Review article, based on research with Digital Procurement World, says companies have ambitious plans to digitize procurement rapidly, especially through AI. Put simply, procurement software is being asked to do more than speed up routine tasks. It is being asked to support management discipline.

That change matters because many companies do not really struggle with a lack of procurement activity. They struggle with a lack of consistency. One team adds suppliers one way, another routes approvals differently, and a third keeps critical exceptions in private messages. By the time leadership wants better reporting, it discovers that the problem is not the dashboard. The problem is that the underlying rules were never clear enough to produce clean data in the first place. Deloitte’s survey makes a related point in a broader way: better enterprise performance is linked not to technology alone but to the combination of technology and talent capabilities, and humans still need to remain “in the loop” if digital investment is going to work. That is a useful reminder because it cuts against the fantasy that software can settle governance questions on its own.

This is where Precoro becomes worth closer examination. External coverage places the company in a fairly specific part of the market. In Forbes Advisor’s 2024 review of supply chain management software, Precoro was identified as the option “best for approval workflow,” with the review highlighting threshold-based approvals, mobile authorization and strong report customization. The same review also noted limits: inventory features needed work, and users reported weak invoice integration. Capterra’s 2025 procurement shortlist places Precoro alongside products such as Procurify, Tipalti and SAP S/4HANA Cloud, giving it an overall score of 79 out of 100, a ratings score of 50 out of 50 and entry-level pricing from $499 a month. Taken together, those sources suggest that Precoro is not best understood as a giant all-purpose enterprise suite. It is better understood as a platform focused on centralized purchasing control, with its strongest identity sitting around approvals, structure and workflow discipline.

That positioning is important because approval logic is often where procurement automation becomes real. Many companies can live with messy intake for a surprisingly long time. The strain appears when they start growing, add layers of management, spread spending across more teams and need faster decisions without losing control. Precoro’s approval workflow documentation is revealing here. It does not begin with efficiency language. It begins with three steps: decide what rules should affect approvals, configure the steps and assign the people responsible. It lists departments, projects, locations and thresholds as common variables, and it includes direct-manager approval and over-budget approval as explicit workflow options. That does not prove that Precoro is unique. But it does show that the product is built around a practical view of procurement: if the rules are unclear, the system will not magically make them clear.

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The same pattern appears in how the product treats forms and fields. Precoro’s documentation says companies can create custom forms for purchase orders, purchase requisitions, invoices, expenses, service orders and suppliers. Fields can be made mandatory, tied to approval logic and linked through dependencies so that one choice controls what appears next. There is also an important restriction: if a custom document field is involved in approval, it cannot simply be hidden through dependencies. That sounds like a detail only an implementer would care about, but it says something larger about the product’s logic. A field is not just a box on a screen. It can determine what information is required, who is accountable for entering it and whether a document can keep moving. In that sense, procurement automation starts to look less like digitized administration and more like process rules made visible.

Supplier control tells a similar story. In its July 2024 product updates, Precoro introduced supplier approval dependencies tied to custom supplier fields. In its multi-entity documentation, the company explains that suppliers can be assigned to legal entities, custom-field options can depend on legal entities and tax lists can be filtered automatically based on the legal entity chosen in a document. A separate legal-entity guide adds that all legal entities inside Precoro use the same currency, processes and approval flows. None of this is made for headline features. But it is exactly the kind of detail that matters once a company has more than one entity, more than one approval layer or more than one tax context to manage. At that point, procurement is no longer just about getting a request approved. It becomes a question of who can buy, from whom, under which entity and according to which internal logic.

Even the company’s vacation coverage feature says something about how it approaches workflow. Precoro’s Vacation Mode lets users assign backup approvers and substitute users so that approvals and document handling continue during absences. The distinction matters: a backup approver can approve or reject documents, while a substitute user is there to manage documents in statuses such as Matching, Pending and In Revision. It is a small feature, but it reflects an important operational truth. Many workflow systems seem disciplined until a key manager is away and the queue stops moving. A product that makes room for exception handling is often a product that has been shaped by real process friction rather than by a neat diagram of the “normal” path.

This is also where the limits of Precoro help define the company more clearly. Forbes Advisor did not present it as a deep inventory tool, and Capterra places it in a crowded market of procurement and spend software rather than among the largest enterprise platforms. That is not necessarily a weakness. For many mid-sized companies, the bigger problem is not replacing an entire supply chain stack. It is stopping approvals, supplier setup, entity-level controls and reporting inputs from drifting apart as the business gets more complex. In that context, a platform with a clearer main focus may be more useful than one that tries to do everything. External reviews suggest that Precoro’s main strength lies in approval logic and structured purchasing control, and the product documentation broadly supports that reading.

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The broader lesson is that procurement automation is becoming a test of management quality as much as software quality. HBR’s reporting suggests companies want to move quickly, especially with AI in view. Deloitte’s survey suggests that digital investment pays off best when paired with the skills and decision discipline needed to use it properly. Against that backdrop, Precoro is interesting not because it promises a dramatic reinvention of procurement, but because it reflects a more practical reality in this category. The software can route decisions, enforce fields, assign substitutes and structure approvals. What it cannot do is decide what the rules should be. That still belongs to management. The companies that benefit most from procurement automation are likely to be the ones that understand that difference early.

What makes Precoro worth in-depth coverage, then, is not simply that it is another tool in a crowded market. It is that the company offers a useful lens on where procurement software is heading. The category is moving away from the old promise of “less paperwork” and toward a more practical task: turning internal policy into repeatable behavior across teams, entities and exceptions. External reviewers seem to recognize one part of that in Precoro’s approval strengths. The company’s own documentation fills in the rest by showing how much of the product is built around rule-setting, dependencies and continuity in roles and approvals. Looked at that way, Precoro is less a story about automation replacing judgment than about software exposing how much judgment needed to be defined clearly all along.

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Major fire at Australian oil refinery to impact nation's petrol supplies

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Major fire at Australian oil refinery to impact nation's petrol supplies

The fire has deepened fears over the nation’s petrol supplies amid a global crunch.

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