cnn.com
Mortgage rates continued to climb this week amid a stronger-than-expected economy. The 30-year fixed-rate mortgage averaged 7.79% in the week ending October 26, up from 7.63% the week before, according to data from Freddie Mac released Thursday. A year ago, the 30-year fixed-rate was 7.08%. “For the seventh week in a row, mortgage rates continued to climb toward eight percent, resulting in the longest consecutive rise since the Spring of 2022,” said Sam Khater, Freddie Mac’s chief economist. Rat…
3 months ago
cnn.com
US pending home sales ticked up in September despite mortgage rates surging over 7%. In a surprise move, pending home sales rose 1.1% in September from August, according to a report released Thursday by the National Association of Realtors. Pending sales were down 11% from a year ago. The Northeast, Midwest and South saw monthly gains in transactions while the West experienced a loss. All four US regions had year-over-year declines in transactions. Pending sales had seen slight increases in Jun…
3 months ago
cnn.com
Jim Stewart was getting ready to sell his home in East Palestine, Ohio, and retire. Then came the derailment of a Norfolk Southern train on February 3, releasing toxic chemicals into the air and nearby water, and he fears crashing the value of his home.
11 months ago
cnn.com
While more Americans own homes today than a decade ago and the rate is increasing across all races, the gap between Black homeownership rates and that of any other race or ethnic group is even larger now than in 2011, according to a new analysis by the National Association of Realtors.
11 months ago
edition.cnn.com
Pending home sales crushed expectations in January, when mortgage rates dropped from recent highs of more than 7% and home buyers jumped at the opportunity.
11 months ago
cnn.com
New home sales rose in January from December, as mortgage rates eased off their highs of the past year at the start of 2023.
11 months ago
edition.cnn.com
The Biden administration announced Wednesday a change that will save an estimated 850,000 home buyers — primarily low- and middle-income and first-time buyers — an average of $800 on home financing costs this year.
11 months ago
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Mortgage rates climbed higher for the second consecutive week, following four weeks of declines. Inflation is running hotter, making rates more volatile, with the expectation that they will move in the 6% to 7% range over the next few weeks.
11 months ago
edition.cnn.com
Super Bowl weekend is the unofficial kick-off to the peak spring home buying and selling season, according to many real estate agents.
12 months ago
cnn.com
New home sales were up in November from the month before, even as prices remained elevated and buyers faced some of the highest mortgage rates of the year.
about 1 year ago
cnn.com
Mortgage rates dipped again this week, marking the third straight week of
falling rates.
about 1 year ago
