#mortgage-rates

#mortgage-rates

New US home construction rose by less than expected in April, impacted by rising mortgage rates. Permits declined, pointing to future constriction in housing activity. [ more ]

Inventory growth model faltered with lower than expected growth due to mortgage rates and weekly volatility. [ more ]

Majority State-owned bank PTSB cuts mortgage rates for 2, 3, 4, 5, and 7-year fixed rates, focusing on three-year terms popular with customers. [ more ]

Mortgage rates will remain higher, attracting borrowers facing life events, not economic gamers. Lenders must innovate for profitability. [ more ]

Despite higher housing market inventory, D.R. Horton focuses on affordable price points, necessitating more homes to impact sales significantly. [ more ]

Homebuyer affordability declined in March due to rising mortgage rates and home prices. [ more ]

Mortgage rates are currently at 7%, causing challenges for home buyers. [ more ]

Higher mortgage rates lead to increased housing inventory growth. New listing data is key to maintaining balance in the housing market. [ more ]

Higher mortgage rates above 7% limit affordability for new homebuyers. [ more ]

First-time homebuyers in Boston facing challenges due to rising mortgage rates and condo prices. [ more ]

Monthly mortgage payments reached an all-time high of $2,747, primarily due to increasing home prices and continued high mortgage rates. [ more ]

Lowering mortgage interest rates may not solve housing affordability issues.

Low fixed mortgage rates lead to reduced motivation to sell properties. [ more ]

Home prices continue to rise despite higher inventory and mortgage rates. [ more ]

Home prices in California are on the rise with the median sold price of existing single-family homes increasing by 6% from February. [ more ]

California's existing single-family home median price decreased by almost 4% in January but was still 5% higher than last year.

Home sales in California rebounded in January to the highest level in six months due to a significant drop in mortgage rates. [ more ]

Housing leads the U.S. economy in and out of recessions, with builders' confidence tied to mortgage rates [ more ]

Debt relief for student loans may boost housing market by aiding in down payments and increasing purchasing power.

Critics caution that the increased buying power could lead to higher home prices due to limited housing supply. [ more ]

Inventory levels in the housing market are starting to shift post-pandemic, with some cities seeing higher levels than pre-pandemic years.

Factors contributing to the rebound in housing inventory include homeowner decisions prompted by rising mortgage rates and the construction industry's adaptation to pandemic challenges. [ more ]

Mortgage rates rose post-inflation report, potential for further increase due to Middle East conflict. Spreads between 30-year mortgage and 10-year yield improving may mitigate effects. [ more ]

Southern California home prices hit record high in March 2022, despite high mortgage rates.

A combination of low inventory, wealth gap, and cash buyers contributes to the unaffordable housing market. [ more ]

The cost of buying a home in Southern California has increased significantly in the past couple of years, with families needing to earn much higher incomes to qualify for a mortgage.

Affordability rates for buying a home have decreased, with fewer households able to qualify due to rising prices and increased mortgage rates. [ more ]

Homebuyers paid significantly higher interest rates in 2023 compared to 2022.

Tight housing inventories and record-high home prices were influenced by the increase in mortgage rates. [ more ]

Jobs report beat estimates but shows softening labor market, pleasing the Federal Reserve.

Wage growth cooling down, job openings quits rate below pre-COVID-19 levels bode well for soft landing, lower mortgage rates. [ more ]

Inventory is growing, but still below expectations, with a positive trend in new listings.

Weekly inventory change shows growth from previous year, with historical context provided for comparison. [ more ]

Home-price growth in the US accelerated in December, with a 5.5% rise from a year earlier.

30-year borrowing costs fluctuated, affecting buyer demand and contributing to higher purchase prices. [ more ]

Existing home sales rose 3.1% in January, reflecting positive forward-looking housing data.

Active inventory and monthly supply data remain historically low, with a focus on upcoming changes in inventory levels. [ more ]

Mortgage rates rose to 6.77%, highest this year

Fed's strength in January indicates unlikely rate cut in March [ more ]

Mortgage rates have dropped over a full percentage point from their recent peak, making the cost of buying a home more affordable.

Homebuyers could save about $366 every month due to the lower mortgage rates. [ more ]

2024 is expected to be a better year for home buyers with improvements in mortgage rates, home prices, and availability of homes for sale.

Mortgage rates have already started to drop and are expected to fall further in 2024. Consumers are optimistic about this trend. [ more ]

Economists expect inflation to have risen for the second month in a row, with Consumer Prices Index inflation estimated at 4.2 percent in January.

The rise in inflation could impact the Bank of England's base interest rate and could affect households struggling with higher mortgage rates. [ more ]

Nationwide is increasing mortgage rates by up to 0.25 percentage points.

The average two-year fixed mortgage rate saw its biggest monthly decrease since December 2022 in February. [ more ]

Assumable mortgages are original loans taken out by sellers when they purchased their homes, which new buyers can then assume.

Only FHA, USDA, and VA loans are eligible to be assumed, and buyers still need to have high enough credit scores and low enough debt to qualify for these loans. [ more ]

Mortgage rates have decreased, leading to an increase in home sales.

The housing market is showing signs of improvement, but it will take time to fully recover. [ more ]