November’s sharp pullback in 30-year fixed mortgage rates may not last if the labor market remains strong, said Mark Palim, deputy chief economist at Fannie Mae. Palim was…
Read more Mortgage rates' dip to 7% could be brief if jobs market stays strong, Fannie Mae economist saysWhere are home buyers paying the most? Mostly on the coasts, according to a new report. Based on a ZIP Code–level analysis of closed home-sale prices, PropertyShark, a…
Read more These are the most expensive ZIP Codes in the U.S. for house shoppersThe numbers: U.S. pending home sales rebounded in September but remain near a record low as high mortgage rates and low inventory continue to hurt the real-estate sector.…
Read more U.S. pending home sales stay near record low despite modest pickup in SeptemberThe numbers: Home sales in September fell to the lowest level since 2010, as high mortgage rates continue to hammer the housing market. Aside from low inventory, rising…
Read more U.S. home sales fell in September to the lowest level since the Great RecessionPHILADELPHIA — High mortgage rates are hammering home buyers, but expect rates to fall over the next year, one industry group says. Mortgage rates are over 7.5% as of…
Read more Mortgage bankers expect the 30-year rate to drop to 6.1% by the end of 2024U.S. homes may be wildly unaffordable for first-time buyers, but mortgage bonds backed by those same properties could be dirt cheap. Shocks from the Federal Reserve’s dramatic rate…
Read more Homes are expensive right now, but these mortgage bonds look cheapThe numbers: Construction of new U.S. homes fell 11.3% in August — falling short of Wall Street expectations — as builders scaled back new projects to focus on…
Read more U.S. housing starts drop to lowest level since June 2020U.S. mortgage rates increased for the fifth week in a row, with the 30-year reaching the highest level since 2001. The 30-year fixed-rate mortgage averaged 7.23% as of…
Read more Mortgage rates reach highest level since 2001 and are likely to go higher, Freddie Mac saysThe 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 2000With mortgage rates firmly above 7%, homeownership has become much more expensive. But will rates go even higher? Three experts told MarketWatch that if the economy continues to…
Read more Mortgage rates could hit 8%, economists say, citing a worrying sign not seen since the Great RecessionI’ve lived in the city for the last four decades, but I’ve mostly been renting. My priorities are a three-bedroom apartment with easy access to grocery stores and…
Read more I’m a New Yorker. My wife wants to buy a $700,000 co-op. What could go wrong?The numbers: Home sales inched up for the first time in four months, even as the U.S. housing market continues to deal with a dearth of listings. Pending…
Read more ‘The housing recession is over,’ real-estate group says, as pending home sales tick up for the first time in 4 monthsThe 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 resilienceIf you’re a retiree and you’re trying to square the circle of rising costs, longer lifespans, more expensive medical care and turbulent markets, don’t be afraid to run…
Read more With house prices this high, boomers may want to become rentersThe construction industry posted a slight gain in May as companies and the government increased spending on projects across the U.S. Spending on construction projects rose 0.9% in…
Read more Construction spending inches up, showing signs of a recovery in housingThe numbers: Construction on new American homes jumped 21.7% in May, as homebuilders ramp up building single-family homes to meet strong demand from buyers. Housing starts rose to…
Read more U.S. housing starts surge as builders rev up single-family home construction in May, while a housing shortage drags onThe numbers: For the first time in nearly a year, home builders are upbeat about the housing market outlook. The shortage of previously-owned sales is helping to buoy…
Read more Home builders turn bullish for the first time in nearly a year amid strong housing demandBidding wars are back, as limited housing-market inventory pits buyers against each other. To compete — and certainly to win — buyers need to come fully prepared, Barbara…
Read more How to win a bidding war on an in-demand house, according to real-estate mogul Barbara CorcoranThe numbers: Mortgage rates slide down to the lowest level in six weeks as consumers feel uncertain about the state of the U.S. economy. The 30-year fixed-rate mortgage…
Read more Mortgage rates fall to lowest level in six weeksThe numbers: U.S. pending-home sales rose 2.5% in December, reversing a six-month losing streak, according to the monthly index released Friday by the National Association of Realtors (NAR).…
Read more U.S. pending home sales rise 2.5% in December. Realtors say the housing market is in recovery mode.
