‘Many prospective buyers are waiting for the volatility in mortgage rates to subside’: Mortgage rates hit 7.08%, Freddie Mac says
admin The numbers: The housing sector continues to face headwinds. The 30-year fixed-rate mortgage averaged 7.08%…
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Mortgage rates surge to 6.94%, a 20-year high, leading to steep decline in home sales
The numbers: Mortgage rates have risen to the highest level in 20 years. The 30-year…
Read MoreMortgage rates surge to the highest level since April 2002. ‘The next several months will undoubtedly be important for the economy and the housing market.’
The numbers: U.S. mortgage rates have resumed their journey upwards, hitting a 20-year high. The…
Read MoreThese 5 charts show the depth and seriousness of the U.S. housing downturn. Expect a ‘further weakening in demand.’
The U.S. housing market has been pushed into a recession, helped by pandemic-era prices and…
Read MoreFannie Mae launches pilot program to include on-time rent payments in credit reports. Here’s why this could be a game changer for renters.
When tenants pay their rent on time, it largely fails to improve their credit scores,…
Read MoreAmerican attitudes about whether it’s a good time to buy a home just hit the lowest level in a decade, another sign of a slowdown in the housing market
Both prospective home buyers and sellers are backing off from the U.S. housing market, a…
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