Home Mortgage

The housing market is in the midst of a correction caused by high mortgage rates, with prices declining again in January as consumer demand evaporates.

Despite a recent decrease in mortgage rates, economic pressure could elevate rates for the near term, according to an analysis by Realtor.com. But homebuyers may find some solace in overall lower home prices, stronger negotiating power and smaller down payments, another report suggests.

House prices increased annually in January, according to the latest data by CoreLogic.

In all of the 12 major housing markets west of Texas, plus Austin, home prices fell in January on an annual basis, according to mortgage-data firm Black Knight Inc.’s home-price index.

Housing markets in tech hubs have cooled rapidly as turmoil hits the sector and mortgage rates remain elevated, according to a new report from Redfin.

Check out the mortgage rates for March 27, 2023, which are unchanged from last Friday.

New Orleans is once again attempting to crack down on the city's influx of Airbnb-style short-term rentals by adopting new regulations limiting owners to one property per block.

Demand for home buying has been "steady" as mortgage rates continue to slip. Mortgage rates fell for the second week to 6.42%, according to Freddie Mac, after the Federal Reserve said it would modestly hike rates.

FOX BUSINESS' Stuart Varney criticized California's "mansion tax" designed to reduce housing costs for the homeless arguing the bill has pushed homebuyers to sell.

Check out the mortgage rates for March 24, 2023, which are mixed from yesterday.

The average rate for a 30-year fixed-rate mortgage dropped to 6.42% for the week ending March 23, according to Freddie Mac's Primary Mortgage Market Survey.

A decline in mortgage rates helped to fuel a burst of new home sales in February as potential buyers rushed to take advantage cheaper borrowing costs.

Sandals Realty Group broker Amanda Glass says Florida's home sellers are reluctant to list in fear of facing higher mortgages, taxes and insurance costs elsewhere.

Potential homebuyers received some positive news from Freddie Mac's weekly interest rate report, as mortgage rates continued their decline for the second week.

Check out the mortgage rates for March 23, 2023, which are trending down from yesterday.