The numbers: The National Association of Home Builders’ (NAHB) monthly confidence fell 3 points to 46 in September, the trade group said on Monday. Outside of the pandemic, the September Read more
Tag: mortgagerates
Mortgage rates hit 6% for the first time since 2008, while applications fall to lowest level since 1999
The numbers: A surge in mortgage rates to 6% is giving home shoppers chills, pushing them to wait to refinance or buy a home. With rates doubling from where they Read more
Mortgage rates rise amid signs of ‘waning demand’ for homes
The 30-year fixed-rate mortgage averaged 5.55% as of Aug. 25, according to data released Thursday by Freddie Mac. That’s up 42 basis points from the previous week — one basis Read more
U.S. housing starts fall in July to lowest level since early 2021
The numbers: Construction on new U.S. homes fell a seasonally adjusted 9.6% in July to 1.45 million, the Commerce Department said Tuesday. The level of starts in July since February Read more
Mortgage rates tick back above 5%, another challenge for first-time home buyers
The 30-year fixed-rate mortgage averaged 5.22% as of August 11, according to data released by Freddie Mac on Thursday — up 23 basis points from the previous week. One basis Read more
Mortgage rates tick back above 5%, another challenge for first-time home buyers
The 30-year fixed-rate mortgage averaged 5.22% as of August 11, according to data released by Freddie Mac on Thursday — up 23 basis points from the previous week. One basis Read more
Mortgage rates drop to lowest level since April amid ‘high uncertainty’
The 30-year fixed-rate mortgage averaged 4.99% as of August 4, according to data released by Freddie Mac on Thursday. That’s down 31 basis points from the previous week — one basis point Read more
Mortgage rates drop as ‘high uncertainty’ creates volatility
The 30-year fixed-rate mortgage averaged 4.99% as of August 4, according to data released by Freddie Mac on Thursday. That’s down 31 basis points from the previous week — one basis point Read more
Mortgage rates fall amid rising concerns over a recession
The 30-year fixed-rate mortgage averaged 5.3% for the week ending July 7, according to according to data released by Freddie Mac on Thursday. That’s down 40 basis points from the previous week — Read more