Buyers—and sellers—need to prepare for mortgage rates nearing 8% and staying there indefinitely says a prominent chief economist First American’s Mark Fleming says mortgage rates could get closer to 8%. Fortune · Oct 19, 2023
Goldman is back with a 16-years-later look at the housing market crash of 2008—and finds affordability is even worse right now Goldman Sachs economist says it would take a ‘shock to the broader economy’ to make homebuying more affordable. Fortune · Oct 11, 2023
The average long-term US mortgage rate surges to 7.49%, its highest level since December 2000 The cost of financing a home surged again this week as the average long-term U.S. mortgage rate climbed to its highest level since December 2000, further dimming the affordability outlook for many would-be homebuyers The Independent UK · Oct 5, 2023
Mortgage rates just hit a 22-year high—it'll continue to be a ‘drag on home sales,’ Realtor.com chief economist says "Longer-term, higher mortgage rates are likely to be a drag on home sales as costs put buying out of reach, causing many households to delay plans to move." Fortune · Sep 29, 2023
5 Ways to Shop for a Low Mortgage Rate Mortgage rates are high this year, but you can still find an affordable loan with these tips. Kiplinger · Sep 8, 2023
3 Bond ETFs That Investors Keep Going Back To Despite indications of the U.S. economy potentially navigating toward a sought-after soft landing, lingering threats of credit rating downgrades could persevere the market uncertainty moving forward. Against this backdrop, investing in appropriate bond exchange-traded funds (ETFs), such as Vanguard Total Bond Market Index Fund (BND), First Trust Low Duration Opportunities… StockNews.com · Aug 22, 2023
Mortgage Rates Jump to Highest Mark in More Than 21 Years Latest mortgage rates data shows a tough landscape for prospective homebuyers – and sellers. Kiplinger · Aug 18, 2023
US Housing Market Faces Affordability Crisis Amid Skyrocketing Mortgage Rates The housing market in the United States is battling its biggest affordability crisis in almost 40 years. Zenger · Aug 18, 2023
Average long-term US mortgage rate climbs to highest level in more than 20 years Mortgage buyer Freddie Mac said the average rate on the benchmark 30-year home loan rose to 7.09% — a year ago, the rate averaged 5.13%. Chicago Sun-Times · Aug 17, 2023
Average long-term US mortgage rate hits highest level in 2 decades The average long-term U.S. mortgage rate jumped this week to its highest level in 20 years, grim news for would-be homebuyers already facing high home prices caused a lack of supply The Independent UK · Aug 17, 2023
Average long-term US mortgage rate climbs to 6.96% this week, matching highest level this year The average long-term U.S. mortgage rate rose this week to just under 7%, the latest setback for would-be homebuyers already facing affordability challenges due to a housing market limited by a shortage of homes for sale The Independent UK · Aug 10, 2023
10 housing markets up the most—and 10 down the most The best way to describe the housing market over the past year: bifurcated. Fortune · Aug 5, 2023
Housing market head fake? Boise slips back into correction-mode Recently published data from Freddie Mac suggests that Boise's spring bounce might indeed be a head fake. Fortune · Aug 4, 2023
Bond Basics: U.S. Agency Bonds These investments are close enough to government bonds in terms of safety, but make sure you're aware of the risks. Kiplinger · Jul 28, 2023
Reason · Jul 21, 2023 NYC Agrees To Pay $13 Million to Activists Arrested in 2020 Racial Justice Protests Plus: Twitter subpoenas Elizabeth Warren's communications with the SEC, mortgage rates are starting to fall, and more...
The Independent UK · Jul 20, 2023 Average long-term US mortgage rate falls to 6.78% this week to lowest level in four weeks The average long-term U.S. mortgage rate slipped this week to the lowest level in four weeks, a boost for house hunters facing a market held back by persistently high prices and a near-historic low number of homes for sale
The Independent UK · Jul 13, 2023 Average long-term US mortgage rate surged to nearly 7% this week to highest level since November The average long-term U.S. mortgage rate climbed this week to just under 7%, the highest level since November and the latest setback for homebuyers already grappling with a tough housing market constrained by a dearth of homes for sale
The Independent UK · Jun 22, 2023 Average long-term US mortgage rate falls to 6.67%, third straight drop since climbing to 2023 high The average long-term U.S. mortgage rate fell for the third time in as many weeks, a welcome boost for homebuyers facing a housing market that’s been held back this year by a tight inventory of homes for sale
StockNews.com · Jun 22, 2023 3 Real Estate Stocks to Buy in June While the Fed’s rate hikes curbed appetite for real estate, the industry’s long-term prospects look impressive. So, investors could consider buying quality real estate stocks, Guild Holdings (GHLD), RMR Group (RMR), and AMREP (AXR). Read on.
Axios · Jun 20, 2023 America's housing shortage is keeping home prices high The shortage has its roots in the financial crisis, and was exacerbated by the pandemic.
The Independent UK · Jun 8, 2023 Boost for homebuyers: Average long-term US mortgage rate eases from 7-month high to 6.71% this week The average long-term U.S. mortgage rate eased back from a seven-month high this week, a welcome change for homebuyers navigating high borrowing costs and heightened competition for relatively few homes for sale
Tribune News Service · May 18, 2023 Latest mortgage news: Rates keep climbing The Federal Reserve raised interest rates again in early May, and mortgage rates have responded by climbing. The average interest rate on 30-year mortgages rose to 6.66% this week, up from 6.58% last week, according to Bankrate’s national survey of large lenders.
The Independent UK · May 11, 2023 Average long-term US mortgage rate falls to 6.35% this week, lowest level in 5 weeks The average long-term U.S. mortgage rate fell this week to its lowest level in five weeks, welcome news for house hunters looking for an edge as they navigate a housing market constrained by a near-historic low number of homes for sale
Reason · Apr 21, 2023 Borrowers With High Credit Scores Penalized Under New Federal Mortgage Fee Plan Plus: Buzzfeed News is shutting down, alcohol delivery not linked to higher rates of booze consumption, and more...
Axios · Apr 8, 2023 A different kind of mortgage crisis Banks are retreating from the mortgage market