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?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 saysThe 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 cheapU.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 RecessionThe 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 monthsGoodbye 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 look for liquidity and ways…
Read more HELOCs are back. Cash-strapped borrowers are tapping into a $33 trillion pile of home equity.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 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: 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. existing-home sales fell 1.5% to a seasonally adjusted annual rate of 4.02 million in December, the National Association of Realtors said Friday. This is the…
Read more U.S. existing-home sales fall for the eleventh straight month in DecemberThe numbers: U.S. pending-home sales fell 4% in November, which is the sixth straight monthly drop, according to the index released Wednesday by the National Association of Realtors…
Read more U.S. pending home sales fall 4% in November to the lowest level since April 2020The numbers: The National Association of Home Builders’ monthly confidence index fell two points to 31 in December, the trade group said on Monday. It’s the 12th month…
Read more Builder sentiment fell every single month in 2022. Builders say there’s a silver lining.The numbers: The National Association of Home Builders’ (NAHB) monthly confidence fell 8 points to 38 in October, the trade group said on Tuesday. It’s the tenth month…
Read more Home builders sentiment index falls for record tenth month in a row in October. Home builders say the ‘situation is unhealthy and unsustainable.’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 averaged 6.7% as of Sept.…
Read more Mortgage rates march towards 7%, reaching highest level since 2007
