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mortgage rate

  • Mortgage Rates Rise for 3rd Straight Week | Business Matters (Oct. 18)
    Mortgage Rates Rise for 3rd Straight Week | Business Matters (Oct. 18)
    Mortgage rates are on the rise again after a short reprieve. Yesterday, Freddie Mac said this week's average rate on a standard 30-year mortgage was 6.44 percent. Mortgage rates are ...
    October 18, 2024BY Don Ma
  • 30-Year Fixed Mortgage Lowest Since April 2023: MBA | Business Matters (Aug. 28)
    30-Year Fixed Mortgage Lowest Since April 2023: MBA | Business Matters (Aug. 28)
    Mortgage rates have fallen for four consecutive weeks. The data is a double-edged sword for potential homebuyers. The ...
    August 28, 2024BY Don Ma
  • Homeowners With Billions in Mortgages Face a ‘Trigger Point’ on Default, Says a Federal Memo
    Homeowners With Billions in Mortgages Face a ‘Trigger Point’ on Default, Says a Federal Memo
    Homeowners in Canada are edging closer to mortgage default as many near the “trigger point” on their loans, ...
    March 9, 2024BY Chandra Philip
  • Get the Best Mortgage Rate
    Get the Best Mortgage Rate
    By Gail Perry From Kiplinger's Personal Finance The average interest rate for a 30-year, fixed-rate mortgage is now ...
    November 8, 2023BY Tribune News Service
  • Winners and Losers During Inflationary Periods
    Winners and Losers During Inflationary Periods
    In 2022, the inflation rate peaked at 9.1 percent. Although in August 2023 it was down to 3.7 ...
    September 28, 2023BY Anne Johnson
  • Moneyfacts Reveals Slight Decrease in Average Five-Year Fixed Mortgage Rate
    Moneyfacts Reveals Slight Decrease in Average Five-Year Fixed Mortgage Rate
    While it is unclear whether the bank rate has reached its peak, some mortgage lenders chose to cut ...
    September 27, 2023BY Evgenia Filimianova
  • Mortgage Application Volume Tumbles to Lowest Levels in Nearly 30 Years as Home Costs Soar
    Mortgage Application Volume Tumbles to Lowest Levels in Nearly 30 Years as Home Costs Soar
    The Federal Reserve has raised interest rates 11 times since March 2022 in its battle to curb inflation, which has ...
    September 17, 2023BY Bryan Jung
  • Homeowners Cutting Back on Spending, Plan to Look for Second Job: Bank of Canada Survey
    Homeowners Cutting Back on Spending, Plan to Look for Second Job: Bank of Canada Survey
    Homeowners with variable-rate mortgages are cutting back on household spending and planning to look for a second job, ...
    July 4, 2023BY Isaac Teo
  • Mortgage Demand Slumps Despite Drop in Mortgage Rates
    Mortgage Demand Slumps Despite Drop in Mortgage Rates
    Despite the 30-year mortgage rate falling to a seven-week low, the number of residential property applications tumbled for ...
    April 5, 2023BY Andrew Moran
  • What’s Going on With Mortgage Rates in 2023?
    What’s Going on With Mortgage Rates in 2023?
    With the 2022 mortgage rate peaking at 7.12 percent and inflation at 6.5 percent by the end of ...
    March 1, 2023BY Anne Johnson
  • US Mortgage Rates Continue Upward Trend, Weighing on Housing Affordability
    US Mortgage Rates Continue Upward Trend, Weighing on Housing Affordability
    A new survey revealed that U.S. mortgage rates continue to rise as interest rates adjust in response to ...
    February 23, 2023BY Andrew Moran
  • Lumber Prices Hit 2022 Low as Homebuilder Sentiment Collapses
    Lumber Prices Hit 2022 Low as Homebuilder Sentiment Collapses
    Lumber prices hit an all-time low after homebuilder sentiment tumbled for the twelfth straight month in December. The building ...
    December 23, 2022BY Bryan Jung
  • California Leads US Slump in Luxury Home Sales
    California Leads US Slump in Luxury Home Sales
    California is the hardest-hit state amid a nationwide decline in luxury-home sales, according to a recent report by ...
    September 27, 2022BY Jill McLaughlin
  • Average US Homes Selling Below Listed Price as Market Slowdown Continues
    Average US Homes Selling Below Listed Price as Market Slowdown Continues
    The average American home is now selling below its asking price for the first time since March 2021, according to ...
    September 7, 2022BY Bryan Jung
  • Record Numbers of US Homeowners Slashed Sales Prices in July, Says Redfin
    Record Numbers of US Homeowners Slashed Sales Prices in July, Says Redfin
    A record number of home sellers dropped their asking price in July, as the U.S. housing market began ...
    August 27, 2022BY Bryan Jung
  • New Home Sales Sink to Six-Year Low as ‘Housing Recession’ Deepens
    New Home Sales Sink to Six-Year Low as ‘Housing Recession’ Deepens
    U.S. home sales fell more than expected in July, to their lowest level in six years, due to ...
    August 24, 2022BY Bryan Jung
  • Home Sales Drop 6 Percent in July as ‘Housing Recession’ Hits, Says NAR
    Home Sales Drop 6 Percent in July as ‘Housing Recession’ Hits, Says NAR
    Existing U.S. home sales have dropped 5.9 percent in July, the sixth consecutive month of decline, according to ...
    August 18, 2022BY Bryan Jung
  • Mortgage Rates Remain High as Big Banks Anticipate Recession
    Mortgage Rates Remain High as Big Banks Anticipate Recession
    Canada’s big banks dominate the mortgage market and aren’t helping homebuyers and housing affordability with lower mortgage rates ...
    August 4, 2022BY Rahul Vaidyanath
  • US Pending Home Sales Tumble in June as Mortgage Rate Soar
    US Pending Home Sales Tumble in June as Mortgage Rate Soar
    WASHINGTON—Contracts to buy U.S. previously owned homes fell more than expected in June as rising mortgage rates and ...
    July 27, 2022BY Reuters
  • Sales of New US Homes Drop to Lowest Level in Two Years as Consumer Demand Subsides
    Sales of New US Homes Drop to Lowest Level in Two Years as Consumer Demand Subsides
    Sales of new single-family homes in the United States dropped by more than eight percentage points in the last ...
    July 27, 2022BY Katabella Roberts
  • Housing Market Chills as Mortgage Rates, Prices Scare Buyers
    Housing Market Chills as Mortgage Rates, Prices Scare Buyers
    It’s the summer that cooled off the housing market. Rising mortgage rates have combined with already high home ...
    July 23, 2022BY The Associated Press
  • Rent Prices Finally Starting to Fall in American Cities: Analysts
    Rent Prices Finally Starting to Fall in American Cities: Analysts
    The quick rise in U.S. rental prices over the past year is beginning to slip in several American ...
    July 5, 2022BY Bryan Jung
  • Mortgage Rate Forecast in June 2022: Recession Worries May Keep Rates in Check
    Mortgage Rate Forecast in June 2022: Recession Worries May Keep Rates in Check
    By Erik J. Martin From Bankrate.com Many factors are putting upward and downward pressure on mortgage rates, and ...
    June 14, 2022BY Tribune News Service
  • US Mortgage Interest Rates Hit 4 Percent First Time in Over Two Years
    US Mortgage Interest Rates Hit 4 Percent First Time in Over Two Years
    Interest rates on 30-year fixed-rate mortgages have exceeded 4 percent for the first time in more than two ...
    February 17, 2022BY Naveen Athrappully
  • 6.46 Million Existing Homes Sold in November, Sales Increase For Third Consecutive Month
    6.46 Million Existing Homes Sold in November, Sales Increase For Third Consecutive Month
    Existing-home sales rose for the third straight month in November as buyers were encouraged by a robust job ...
    December 23, 2021BY Naveen Athrappully
  • Mortgage Demand Drops to 2-Month Low: Mortgage Bankers Association
    Mortgage Demand Drops to 2-Month Low: Mortgage Bankers Association
    The number of applications for home mortgages dropped last week to the lowest level since mid-July, dampened by ...
    September 8, 2021BY Tom Ozimek
  • Mortgage Rates Rise After 6-Week Decline, Risk ‘Definitely to the Upside’ Expert Says
    Mortgage Rates Rise After 6-Week Decline, Risk ‘Definitely to the Upside’ Expert Says
    Mortgage rates ticked up this week following six weeks of declines, according to a Thursday report by mortgage ...
    August 12, 2021BY Tom Ozimek
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