Today: September 12, 2024
Today: September 12, 2024

Mortgage Rates

Economy|News

UK mortgage rate surge pushed 320,000 into poverty, report shows

Rising mortgage rates in Britain likely pushed around 320,000 people into poverty, almost 100,000 more than suggested by official statistics, a report showed on Thursday.

UK mortgage rate surge pushed 320,000 into poverty, report shows
Business|Economy

A $1 million starter home is now the norm in more than 200 US cities

A $1 million starter home is now the norm in more than 200 US cities

A $1 million starter home is now the norm in more than 200 US cities
Economy|News

Home sales fell again in August as homebuyers grapple with rising mortgage rates and prices

Sales of previously occupied U.S. homes fell for the third month in a row in August, as higher mortgage rates, rising prices and a dearth of properties on the market shut out many would-be homebuyers

Home sales fell again in August as homebuyers grapple with rising mortgage rates and prices
Economy

U.S. pending home sales fall more than expected in August

Contracts to buy U.S. existing homes fell more than expected in August, tumbling by the most in nearly a year as high mortgage rates erode affordability, according

U.S. pending home sales fall more than expected in August
Business|Economy|News

Where are the homes? Glaring need for housing construction underlined by Century 21 CEO

The highest mortgage rates in more than two decades are keeping many prospective homebuyers out of the market and discouraging homeowners who locked in ultra-low rates from listing their home for sale

Where are the homes? Glaring need for housing construction underlined by Century 21 CEO
Business|News

The average long-term US mortgage rate surges to 7.49%, its highest level since December 2000

The cost of financing a home surged again this week as the average long-term U.S. mortgage rate climbed to its highest level since December 2000, further dimming the affordability outlook for many would-be homebuyers

The average long-term US mortgage rate surges to 7.49%, its highest level since December 2000
Business

The average long-term US mortgage rate surges to 7.57%, holding at highest level since 2000

Home loan borrowing costs rose for the fifth straight week, keeping the average long-term U.S. mortgage rate at its highest level in more than two decades and taking another bite out of prospective homebuyers’ purchasing power

The average long-term US mortgage rate surges to 7.57%, holding at highest level since 2000
News

U.S. home builder confidence falls to lowest since January

Homebuilder confidence fell in October to the lowest levels since January, according to a report released Tuesday, signaling sky-high mortgage rates are weighing

U.S. home builder confidence falls to lowest since January
News

US single-family starts rise; soaring mortgage rates a challenge

U.S. single-family homebuilding rebounded in September, boosted by demand for new construction amid an acute housing shortage, but the highest mortgage rates

US single-family starts rise; soaring mortgage rates a challenge
Business

Home sales fell again in September as surging mortgage rates, rising prices discouraged homebuyers

Sales of previously occupied U.S. homes fell for the fourth month in a row in September, held back by surging mortgage rates and a thin supply of properties on the market

Home sales fell again in September as surging mortgage rates, rising prices discouraged homebuyers
Economy

US existing home sales drop to 13-year low in September

U.S. existing home sales dropped to a 13-year low in September as surging mortgage rates and tight supply combined to reduce affordability for many first-time buyers.

US existing home sales drop to 13-year low in September
Business

US annual home price growth accelerates in August, FHFA says

U.S. annual home price growth accelerated for a third straight month in August, underscoring the recovery of the housing market after a period of softening, data showed on Tuesday.

US annual home price growth accelerates in August, FHFA says
Business|News

The average long-term US mortgage rate slips to 7.76% in first drop after climbing 7 weeks in a row

The average rate on the benchmark 30-year home loan fell slightly this week, ending a seven-week climb —- modest relief for prospective homebuyers grappling with an increasingly unaffordable housing market

The average long-term US mortgage rate slips to 7.76% in first drop after climbing 7 weeks in a row
Business|Economy

Bypassing mortgage rates: Share of US homes bought with cash hits highest level in nearly a decade

Homebuyers who can afford to bypass the highest mortgage rates in two decades are increasingly forgoing financing and paying all cash

Bypassing mortgage rates: Share of US homes bought with cash hits highest level in nearly a decade
Business

More US home buyers willing to purchase despite high rates -BofA study

U.S. home buyers are becoming more willing to purchase properties even as interest rates stay high, according to a study by Bank of America published on Monday.

More US home buyers willing to purchase despite high rates -BofA study
Economy

Short supply of homes to push global property prices higher at slower pace: Reuters poll

Global property prices in most major markets will rise over the next two years, albeit at a slightly slower pace than predicted three months ago as strong demand

Short supply of homes to push global property prices higher at slower pace: Reuters poll
Economy

Apartment REITs see silver lining as high mortgage rates force tenants to stay put

Real estate investment trusts (REITs) that own and manage apartments are expected to see a bump in their revenue from a rise in renewed leases and rental deals as fewer

Apartment REITs see silver lining as high mortgage rates force tenants to stay put
Business|News

5-month skid in home sales snapped in November as easing mortgage rates give buyers breathing room

Sales of previously occupied U.S. homes rose in November, ending a five-month skid, as easing mortgage rates encouraged homebuyers

5-month skid in home sales snapped in November as easing mortgage rates give buyers breathing room
Business|Economy|News

Homebuilders step up construction of single-family homes as 30-year mortgage rate eases below 7%

Homebuilders are stepping up construction of single-family homes following a steady decline in mortgage rates and broad expectation among economists that home loan borrowing costs will ease further next year

Homebuilders step up construction of single-family homes as 30-year mortgage rate eases below 7%
Business

Contracts to buy existing homes stay flat as mortgage payments soften - NAR

Pending U.S. home sales remained unchanged in November, data released Thursday showed, signaling traffic from prospective buyers is slow to recover despite

Contracts to buy existing homes stay flat as mortgage payments soften - NAR
Business|News

Average long-term mortgage rates edge higher, snapping 9-week slide

The average long-term U.S. mortgage rate edged higher this week, ending a nine-week slide that gave prospective homebuyers some breathing room after home loan borrowing soared to the highest level in more than two decades

Average long-term mortgage rates edge higher, snapping 9-week slide
Economy

US homebuyer confidence up in December; more see loan rates falling

U.S. homebuyer confidence improved in December, with more homeowners anticipating that mortgage rates would fall further this year, but it could take sometime for

US homebuyer confidence up in December; more see loan rates falling
Business|News

Average long-term mortgage rates rise again, reaching their highest level in 4 weeks

The average long-term U.S. mortgage rate rose for the second time in as many weeks, climbing to its highest level in four weeks

Average long-term mortgage rates rise again, reaching their highest level in 4 weeks
Business|Economy|News

2023 was slowest year for US home sales in nearly 30 years as high mortgage rates frustrated buyers

Sales of previously occupied U.S. homes sank in 2023 to a nearly 30-year low as mortgage rates climbed to the highest level in more than two decades, pushing homeownership out of reach for many Americans

2023 was slowest year for US home sales in nearly 30 years as high mortgage rates frustrated buyers
Business

U.S. homebuiler D.R. Horton raises full-year home sales forecast

U.S. homebuilder D.R. Horton Inc on Tuesday raised its forecast for full-year home sales, as declining mortgage rates ease affordability for homebuyers.

U.S. homebuiler D.R. Horton raises full-year home sales forecast

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