By: Leslie Cook
Mortgage rates increased for the first time in more than a month.
The average rate on a 30-year fixed-rate mortgage increased to 6.42%, a change of 0.15 percentage points from a week ago, according to Freddie Mac. The 15...
By Clare Trapasso
During the height of COVID-19, it seemed like everyone knew someone who had bought a home and then remodeled the kitchen, created a home office or gym, or turned the scraggly backyard into an outdoor oasis.
But as th...
By Clare Trapasso
It’s like déjà vu in the housing market.
Just a few months ago, home prices hit record heights, investors were gobbling up scores of homes, and buyers were racing to purchase whatever they could before prices ros...
By Michael Gerrity
Sacramento, Austin and Phoenix saw the biggest jump in delistings
According to national property broker Redfin, a record 2% of U.S. homes for sale were delisted each week on average during the 12 weeks ending Nov. 20, c...
By Marco Santarelli
Virginia's housing market rebounded strongly in the spring of 2020 after a steep decline. In 2021, the hot housing market continued to be fueled by strong demand, low mortgage rates, and a trend toward working from h...
By Greg Robb
The numbers: Existing-home sales fell 5.9% to a seasonally adjusted annual rate of 4.43 million in October, the National Association of Realtors said Friday. Compared with October 2021, home sales were down 28.4%.
Economis...
By Jeffry Bartash
The numbers: Construction on new houses fell 4.2% in October as high mortgage rates put off buyers and forced builders to scale back, a situation that’s likely to continue through 2023.
U.S. housing starts slowed ...
By Margaret Heidenry
All eyes have been glued to mortgage rates lately as those all-important fees continue their seemingly inexorable upward march.
While average rates for a 30-year fixed-rate mortgage dipped to 6.95% last week, that...
By David Barley
Based on Freddie Mac's latest Primary Mortgage Market Survey, the 30-year fixed-rate mortgage averaged 6.95 percent in the United States.
"Mortgage rates continue to hover around seven percent, as the dynamics of a onc...
By: Melissa Dittmann Tracey
Mortgage rates, now at a 20-year high, combined with inflation and stock market volatility are causing housing markets to soften quickly. The next several months will be a critical test for the economy, experts sa...