How High Mortgage Rates Are Impacting the Housing Market—and Consumers’ Moods
In August, mortgage rates surpassed 7%, hitting a more than two-decade high. At the beginning of 2023, most housing-market watchers ...
Tag: Mortgage Rates
Builder Confidence Falls Again, but Experts Are Optimistic
As mortgage rates continue to put pressure on the housing market, homebuilder confidence saw another dip in November, according to ...
Mortgage Rates Trend Down for Third Straight Week
The 30-year fixed-rate mortgage averaged 7.44%, down again from last week’s average of 7.5%, according to the latest Primary Mortgage ...
Mortgage Applications Increase for Second Straight Week
Mortgage applications ticked up this week, increasing 2.8% from last week’s increase of 2.5%, according to the latest Weekly Mortgage ...
NAR Forecasts Existing Home Sales Will Rise in 2024
Elevated mortgage rates, high home prices and limited housing inventory are making the dream of homeownership difficult for Americans, according ...
Mortgage Rates May Well Rise Again, Fed Chair Powell Warns
At an International Monetary Fund research conference held Nov. 9 in Washington, D.C., Federal Reserve Chair Jerome Powell warned that ...
As Treasury Yields Decline, Mortgage Rates Move Down
The 30-year fixed-rate mortgage (FRM) saw its second week of declines, this week averaging 7.5%, down from 7.76% last week, ...
Job Growth Cools With U.S. Economy Adding 150,000 Jobs in October
Total nonfarm payroll growth increased by 150,000 in October, and the unemployment rate changed little, increasing 3.9% over last month’s ...
Mortgage Mix: Uncertainty Lies Ahead as Rates Stall
Editor’s Note: The Mortgage Mix is RISMedia’s weekly highlight reel of need-to-know mortgage-industry happenings. Watch for it each Friday afternoon. ...
Mortgage Rates Level Off After Weeks of Rising
The 30-year fixed-rate mortgage (FRM) decreased slightly from last week’s average of 7.79% to an average of 7.76% this week, ...
The Upshot on Mortgage Buydowns: A Valuable Tool in the Right Circumstances
Buydowns can be paid for by the buyer, seller, builder or lender, and can be a valuable tool to lower costs, though they require an upfront fee. Read more.
Business Tip of the Day provided by
