By Andrea Riquier
Despite signs that the economy might be slowing, mortgage rates crept higher for the second week in a row.
The interest rate on a 30-year fixed-rate mortgage averaged 6.43% in the week ending April 27, according to F...
By Aarthi Swaminathan
The numbers: Construction of new homes fell 0.8% in March to a rate of 1.42 million due to slower work on apartment buildings, leaving prospective buyers with limited options.
Economists polled by the Wall Stree...
By Clare Trapasso
Whether the nation is in a recession, hurtling toward one, or will narrowly avoid it altogether, whatever is going on in this uncertain, rocky economy is giving many would-be homebuyers and sellers pause.
There is no...
By Diana Olick
KEY POINTS
The average rate on the popular 30-year fixed mortgage dropped to 6.57% on Monday, according to Mortgage News Daily.
If rates continue to drop now, buyers could return to the housing market once agai...
By Aarthi Swaminathan
The numbers: U.S. pending home sales rose 8.1% in January, according to the monthly index released Monday by the National Association of Realtors (NAR), with sales rising for the second month in a row.
Pending h...
By Margaret Heidenry
The housing market today remains in a hazy no man’s land, with neither buyer nor seller willing to surrender what little control they have.
Buyers face the dual enemies of high home prices and mortgage...
By Evan Wyloge
Most of us are well aware by now that higher mortgage rates—combined with already towering home prices—have driven a severe home affordability crisis over recent months. But just how much are they affecting the actua...
By Diana Olick
KEY POINTS
Refinance demand surged 18% week to week but was still 75% lower than the same week one year ago.
Mortgage applications to purchase a home rose 3% for the week and were 37% lower than the same week o...
By Aarthi Swaminathan
The numbers: The housing market is not out of the woods yet, as mortgage demand fell again despite an improvement in rates.
Despite mortgage rates dropping for the fourth consecutive week, mortgage demand fell 9...
By Aarthi Swaminathan
The numbers: Construction on new U.S. homes fell a seasonally adjusted 1.4% in December to 1.38 million, the Commerce Department said Thursday.
The drop in construction on homes followed the decline in November,...