Mortgage rates climb above 7%; what does that mean for housing market?
Higher interest rates add to problems with affordability that have hammered the housing market for the last two years. Prices have continued to climb despite slower sales volume, posting 17
How to Get a Mortgage Rate Under 3% as Rates Climb Above 7%
Mortgage rates are now above 7 percent, but there are still options for securing a rate in the 3 percent range or lower
Mortgage rates climb above 7% to highest level since May
Mortgage rates topped 7% this week, a key psychological threshold, in a sign of the US housing market’s unrelenting affordability challenges.
The Income Needed in Each State To Afford a Starter Home at a 7% Mortgage Rate
Mortgage rates are quickly approaching 7% again, after rising each of the first two weeks in January. Nationally, it means the household income now required to afford the typical starter home is $70,164,
US 30-year mortgage rate tops 7%, highest since May 2024
MSCI's global equities gauge rose on Thursday, while Wall Street indexes closed lower and U.S. Treasury yields fell after a mixed bag of economic data and Federal Reserve official comments suggesting more interest rate cuts on the horizon.
US Mortgage Rates Top 7%, Reach Highest Since May of Last Year
US mortgage rates topped 7% last week, reaching the highest level since early May and extending a months-long advance that risks restraining the housing market.
Average mortgage rate tops 7% for first time since May
The Fed is tapping the brakes on interest rate cuts because inflation remains stubbornly high. That's pushed mortgage rates higher.
Will Mortgage Rates and Home Prices Finally Fall This Year? Some People Think Yes
Some U.S. consumers are optimistic about the housing market in 2025, believing there's a chance mortgage rates and home ...
Loan officer: I’m seeing more homebuyers with $8K to $10K mortgage payments
This Washington, D.C., mortgage planner says he has seen the monthly payments of new clients double in just a few years. Want ...
4 reasons to get preapproved for a mortgage loan this January
With only two additional Fed rate cuts predicted for 2025, mortgage rates aren't likely to fall much more this year. And, if ...
How Much Do You Need to Make to Afford a $5,000 Mortgage Payment?
A $5,000 monthly mortgage payment is very realistic for homeowners in high-cost states like California, Massachusetts, and ...
How the Wildfires Could Reshape California Mortgage Lending
If the insurance industry stops writing policies for California homes, it will ultimately hit the mortgage industry.
30-Year Mortgage Rate Rises Above 7% for First Time Since May
The average rate on 30-year fixed-rate mortgages surpassed 7 percent for the first time since May, Freddie Mac reported on ...
What the new inflation report means for mortgage rates
Mortgage rates have experienced fluctuations over the last few months, with a general upward trend in recent weeks. As of ...
Mortgage rates rise above 7% for first time since May
Mortgage rates rose again for the sixth straight week, with the average 30-year fixed-rate note topping 7% for the first time ...
Mortgage Rates Top 7% for First Time Since Mid-2024
Higher rates are dimming hopes for a recovery in the sluggish housing market.
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Chicago-area contractor sentenced to 17 years in prison over reverse mortgage scam
Mark Steven Diamond was sentenced to 17 years in prison after “bilking elderly homeowners in a reverse mortgage and home ...