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Home buyers thought mortgage rates were finally going to go down. Why hasn’t it happened yet?
[ad_1] Why are mortgage rates still so high? After a year of mortgage rates near 8%, home buyers are eager for good news. Some…
Tag: mortgagerates
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Mortgage rates' dip to 7% could be brief if jobs market stays strong, Fannie Mae economist says
[ad_1] 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…
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U.S. pending home sales stay near record low despite modest pickup in September
[ad_1] The numbers: U.S. pending home sales rebounded in September but remain near a record low as high mortgage rates and low inventory continue…
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U.S. home sales fell in September to the lowest level since the Great Recession
[ad_1] The numbers: Home sales in September fell to the lowest level since 2010, as high mortgage rates continue to hammer the housing market.…
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Mortgage bankers expect the 30-year rate to drop to 6.1% by the end of 2024
[ad_1] PHILADELPHIA — High mortgage rates are hammering home buyers, but expect rates to fall over the next year, one industry group says. Mortgage rates…
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Homes are expensive right now, but these mortgage bonds look cheap
[ad_1] U.S. homes may be wildly unaffordable for first-time buyers, but mortgage bonds backed by those same properties could be dirt cheap. Shocks from…
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Mortgage rates reach highest level since 2001 and are likely to go higher, Freddie Mac says
[ad_1] U.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…
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Home buyers flee the housing market as mortgage rates surge to the highest level since 2000
[ad_1] The numbers: Mortgage rates rose for the fourth week in a row to the highest level since 2000, as the economy continues to…
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Mortgage rates could hit 8%, economists say, citing a worrying sign not seen since the Great Recession
[ad_1] With mortgage rates firmly above 7%, homeownership has become much more expensive. But will rates go even higher? Three experts told MarketWatch that…
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‘The housing recession is over,’ real-estate group says, as pending home sales tick up for the first time in 4 months
[ad_1] The numbers: Home sales inched up for the first time in four months, even as the U.S. housing market continues to deal with…
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HELOCs are back. Cash-strapped borrowers are tapping into a $33 trillion pile of home equity.
[ad_1] Goodbye pandemic refi cash-outs. Hello HELOCs? Home-equity lines of credit (HELOCs) and second-lien mortgages have been staging a notable comeback as U.S. homeowners…
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U.S. housing starts surge as builders rev up single-family home construction in May, while a housing shortage drags on
[ad_1] The numbers: Construction on new American homes jumped 21.7% in May, as homebuilders ramp up building single-family homes to meet strong demand from…
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Mortgage rates fall to lowest level in six weeks
[ad_1] The numbers: Mortgage rates slide down to the lowest level in six weeks as consumers feel uncertain about the state of the U.S.…
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U.S. existing-home sales fall for the eleventh straight month in December
[ad_1] The numbers: U.S. existing-home sales fell 1.5% to a seasonally adjusted annual rate of 4.02 million in December, the National Association of Realtors…
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U.S. pending home sales fall 4% in November to the lowest level since April 2020
[ad_1] The numbers: U.S. pending-home sales fell 4% in November, which is the sixth straight monthly drop, according to the index released Wednesday by…
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Builder sentiment fell every single month in 2022. Builders say there’s a silver lining.
[ad_1] The numbers: The National Association of Home Builders’ monthly confidence index fell two points to 31 in December, the trade group said on…
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Home builders sentiment index falls for record tenth month in a row in October. Home builders say the ‘situation is unhealthy and unsustainable.’
[ad_1] The numbers: The National Association of Home Builders’ (NAHB) monthly confidence fell 8 points to 38 in October, the trade group said on…
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Mortgage rates march towards 7%, reaching highest level since 2007
[ad_1] The numbers: Mortgage rates continue to march towards 7%, continuing to pressure potential homeowners looking to buy a home. The 30-year fixed-rate mortgage…