Rising Mortgage Rates Pressure Home Buyers
Daily 30-year mortgage rates have reached a significant milestone, hitting 8% on Wednesday afternoon. This increase puts even more pressure on prospective home buyers. According to a survey conducted by…
The Dual Realities of the U.S. Housing Market
A Contrast Between Affordability and Low Rates Philadelphia — The U.S. housing market is currently witnessing a fascinating dichotomy: on one hand, buyers struggle with affordability, while on the other,…
Existing-Home Sales Expected to Reach Decade-Low as Mortgage Rates Rise
The upcoming release of September's existing-home sales data is anticipated to reveal a significant drop in sales, reaching the lowest level in over ten years. This decline can be attributed…
Rising Inventory and Mortgage Rate Volatility Offer Hope for Homebuyers
The U.S. housing market has become increasingly unaffordable for many individuals looking to become homeowners. However, according to a recent report from Redfin, there is still hope for those who…
Demand for New Homes Soars Despite Higher Mortgage Rates
Newly released census data for July shows that the demand for new homes has remained strong, reaching its highest level since February 2022. Despite the impact of higher mortgage rates,…
Mortgage Rates Reach Highest Level Since October 2022
The U.S. economy continues to display resilience as mortgage rates surge for the third consecutive week, reaching their highest point in nearly a year. This rise has led to decreased…
US Borrowing Costs Are Slowing Down Again as Mortgage Rates Hit 5.09%
(Bloomberg) Mortgage rates fell for the third straight week to hit 5.09% in further promising signs of a cooling market. The rate, which reflected costs on the 30-year loan in…
US Mortgage Rate Eases to 5.49% but Applications Decline by Double Digits
(CNBC) The rate on the 30-year mortgage in the US slowed to 5.49% last week from 5.53% amid a decline in the number of people seeking financing to purchase a…
Mortgage Rates Claim a Three-Month High Above 3%
(Bloomberg) The average rate on a 30-year mortgage in the US was 3.01%, an increase from 2.88% posted last week. The rate is the highest since June 24. Fig: Mortgage…
Mortgage Rates Hit Almost 5-Month Low of 2.9% as Covid-19 Variants Concerns Rise
(Bloomberg) Rates on a 30-year mortgage in the US slid to 2.9%, the lowest since February 18 and below 2.98% reached last week. The plunge in mortgage rate follows plunges…
US Mortgage Rates Hits an Almost Three Month Low of 2.96%
US mortgage rates for a 30-year loan fell to 2.96% from 2.98% last week, the lowest level since February 18. The drop to 2.96% was the fourth in five weeks.…