Mortgage rates are double where they were a year ago, making home buying a much more costly endeavor. Home sellers are trying to help them out. Buyers are not feeling Read more
Tag: mortgagerate
Mortgage rates surpass 7%, Freddie Mac says — ‘leading to greater stagnation in the housing market’
High mortgage rates continue to pressure the housing market, as the sector undergoes a deep slow down after two years of blockbuster growth. The 30-year fixed-rate mortgage averaged 7.08% as Read more
Fannie Mae, Freddie Mac to use alternative credit scores: What it means for homebuyers
NASHVILLE — The federal government is expanding how it collects credit scores, which may allow more Americans to potentially buy homes. The Federal Housing Finance Agency on Monday announced at the Read more
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 fixed-rate mortgage averaged 6.94% as of October 20, according to data released by Freddie Mac Read more
‘I want to buy a house for under $300,000, but I only earn $60,000.’ Should I cash out my brokerage account? How do I know the best time to sell my current home?
Dear MarketWatch, I want to buy a house in a different state for under $300,000. I have $150,000 in cash and a mortgage-free house worth $300,000. I also have $300,000 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
U.S. will turn into a buyers’ housing marke in 2023, most experts say. Here’s where you’ll see the biggest declines.
Frustrated by the housing market? Housing experts say they’re expecting the market to tip back into buyers’ court by 2023, according to a new report. Mortgage rates are approaching 7%, Read more