By Aarthi Swaminathan
NASHVILLE, Tenn. — High mortgage rates and recession fears are hurting home prices, so expect growth to be flat this year, one expert says.
“Our forecast is for home-price growth moderation to continue,” Joel...
By Clare Trapasso
Is America in a housing bubble—and is it getting ready to burst?
That fraught question has become top of mind for buyers, sellers, and long-term homeowners alike. Many first-time buyers are coming to beli...
By Aarthi Swaminathan
The numbers: A surge in mortgage rates, and evacuations due to Hurricane Ian, both seriously dampened demand for home purchases and refinances.
Rates are inching even closer to 7%, and buyers have pulled back. T...
By Clare Trapasso
The U.S. Federal Reserve has completely upended the housing market, taking it from turbocharged to rapid deceleration.
The effects of the Fed’s rate hikes in its war against inflation are being felt in just about...
By Clare Trapasso
Buying a home has never been easy. However, over the past few years, the process has become truly herculean as buyers have been pushed to emotional and financial limits. Sellers, on the other hand, largely have been abl...
By Aarthi Swaminathan
It’s getting more expensive to buy a home.
Mortgage rates increased again this week, sensing further aggressive rate hikes from the Federal Reserve.
The 30-year fixed-rate mortgage averaged 5.89% as of Sept....
By Diana Olick
KEY POINTS:
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) increased to 5.80% last week from 5.65% the previous week.
Mortgage applications to p...
Author: Leslie Cook
This week's mortgage rates are back on the rise. The 30-year fixed rate mortgage is averaging 5.55%, an increase of 0.42 percentage points from last week, according to Freddie Mac's weekly rate survey.
Mortgage rat...
By Clare Trapasso
Nobody’s buying newly built homes anymore.
Just a few months ago, builders were sitting on lengthy lists of homebuyers waiting to purchase new construction and holding lotteries to announce who would be allowed to ...