Mortgage rates climb above 7%; what does that mean for housing market?
Higher interest rates add to problems with affordability that have hammered the housing market for the last two years. Prices have continued to climb despite slower sales volume, posting 17
Mortgage rates climb above 7% to highest level since May
Mortgage rates topped 7% this week, a key psychological threshold, in a sign of the US housing market’s unrelenting affordability challenges.
How to Get a Mortgage Rate Under 3% as Rates Climb Above 7%
Mortgage rates are now above 7 percent, but there are still options for securing a rate in the 3 percent range or lower
30-Year Mortgage Rate Rises Above 7% for First Time Since May
The average rate on 30-year fixed-rate mortgages surpassed 7 percent for the first time since May, Freddie Mac reported on Thursday, extending a weekslong climb that could push more buyers and sellers to the sidelines.
Mortgage Rates Top 7% for First Time Since Mid-2024
Higher rates are dimming hopes for a recovery in the sluggish housing market.
Mortgage rates climb above 7% for the first time in 8 months
The 30-year mortgage rate inched up for the fifth week in a row, Freddie Mac says, making it more expensive to take on a mortgage.
Average mortgage rate reaches 7% for first time since May
The strength of the U.S. economy helped push mortgage rates above 7% this week, dimming hopes that Long Island homebuyers will see housing affordability improve this year. The ave
Mortgage rates top 7%, soar to highest level since May in latest blow to homebuyers
The interest rate on 30-year mortgages rose last week to an eight-month high, extending an upward trend that’s squeezing would-be homebuyers already facing rising house prices and limited supply. The average rate on the most popular home loan reached 7.
Will Mortgage Rates and Home Prices Finally Fall This Year? Some People Think Yes
Some U.S. consumers are optimistic about the housing market in 2025, believing there's a chance mortgage rates and home ...
Proposed legislation could help victims of notorious reverse mortgage scam artist Mark Diamond
David Herron's home in North Lawndale has been in his family for more than six decades. Among other repairs, it needs a new ...
Mortgage rates rise above 7% for first time since May
Mortgage rates rose again for the sixth straight week, with the average 30-year fixed-rate note topping 7% for the first time ...
How Much Do You Need to Make to Afford a $5,000 Mortgage Payment?
A $5,000 monthly mortgage payment is very realistic for homeowners in high-cost states like California, Massachusetts, and ...
How the Wildfires Could Reshape California Mortgage Lending
If the insurance industry stops writing policies for California homes, it will ultimately hit the mortgage industry.
4 reasons to get preapproved for a mortgage loan this January
With only two additional Fed rate cuts predicted for 2025, mortgage rates aren't likely to fall much more this year. And, if ...
Mortgage Lender to Settle Charges Over Boston, Chicago Redlining
An Illinois-based nonbank mortgage lender agreed to pay $1.5 million over alleged discrimination against Black and Hispanic ...