Why are mortgage rates still so high? After a year of mortgage rates near 8%, home buyers are eager for good news. Some forecasters have buoyed their hopes,…
Read more Home buyers thought mortgage rates were finally going to go down. Why hasn’t it happened yet?Going back decades, if you wanted to buy or sell a stock on the open market, you had to pay a 2% commission to buy and a 2%…
Read more Here’s why you might not have to pay a 6% commission next time you sell a homeThe numbers: Mortgage rates rose for the fourth week in a row to the highest level since 2000, as the economy continues to show strength. Rates surged as…
Read more Home buyers flee the housing market as mortgage rates surge to the highest level since 2000The housing market may feel out of whack to home buyers coping with fast-rising home prices and 7% mortgage rates. But like it or not, the housing market…
Read more ‘There’s nothing in the data that shows prices crash’: America’s housing market is showing remarkable resilienceI recently made a panic decision to withdraw all my money from one retirement account and I am now closing on a house in February (about $200,000). I…
Read more I ruined my family’s finances by withdrawing from my 401(k) to buy a house – I regret itThe numbers: Construction on new houses fell 4.2% in October as high mortgage rates put off buyers and forced builders to scale back, a situation that’s likely to continue…
Read more Housing starts fall again as high mortgage rates scare off U.S. home buyersThe numbers: Mortgage rates continue to march towards 7%, continuing to pressure potential homeowners looking to buy a home. The 30-year fixed-rate mortgage averaged 6.7% as of Sept.…
Read more Mortgage rates march towards 7%, reaching highest level since 2007
