It took a while, but it’s finally happening — the number of for-sale listings on the market is rising, even during what is generally a slow season for the real-estate Read more
Tag: 30year
Mortgage bankers expect rates to drop to 5.4% in 2023. What will home prices do?
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 Read more
One chart reveals how sellers are adjusting to higher mortgage rates by slashing home prices
Here’s a chart that speaks a thousand words about the state of the real-estate market right now. The chart above, part of a new report by real-estate brokerage Redfin RDFN, Read more
Mortgage applications fall as rates rise to the highest level in 16 years
The numbers: Mortgage applications fell 2% this week, as rates continue to inch higher, adding hundreds of dollars in costs to potential homebuyers. Rates are a hop and a skip Read more
Mortgage rates dip slightly to 6.66%, but have doubled from a year ago
The numbers: Mortgage rates took a breather from its march towards 7% this week, as the economic outlook looks uncertain. The 30-year fixed-rate mortgage averaged 6.66% as of Oct. 6, Read more
Mortgage rates dip slightly to 6.66%, but have doubled from a year ago
The numbers: Mortgage rates took a breather from its march towards 7% this week, as the economic outlook looks uncertain. The 30-year fixed-rate mortgage averaged 6.66% as of Oct. 6, Read more
Mortgage applications fall to the lowest pace in 25 years in latest week
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 Read more
Mortgage applications fall to the lowest pace in 25 years in latest week
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 Read more
Home prices fell in August from July, CoreLogic says. These are the top 5 markets at risk of steep declines.
Home-price growth has slowed for the fourth month in a row, as the housing market continues to cool amid high mortgage rates, according to one measure. Compared to July, home Read more
Carnival stock sinks toward a 30-year low as losses and revenue misses keep piling up
Shares of Carnival Corp. sank to a post-pandemic low after the cruise operator reported yet another wider-than-expected loss and sales miss, even as capacity improved to 92%. The stock CCL, Read more