Home Mortgage

January purchases of new homes rose 7.2% to the highest level in 10 months as mortgage rates started to declined, according to Commerce Department data.

Check out the mortgage rates for Feb. 24, 2023, which are largely unchanged from yesterday.

The average rate for a 30-year fixed-rate mortgage rose to 6.50% for the week ending Feb. 23, according to Freddie Mac's Primary Mortgage Market Survey.

Higher mortgage rates have weighed on the U.S. housing market, which posted a $2.3 trillion decline in the second half of 2022, according to Redfin data.

Mortgage rates continued their climb as inflation woes persist. The Federal Reserve's successive interest rate increases brought down inflation, however price acceleration is still above the central bank's target, causing borrowing costs to skyrocket.

Check out the mortgage rates for Feb. 23, 2023, which are largely unchanged from yesterday.

On an annual basis, home prices increased by 6.9% in December compared to 8.6% in November and a historical high of 20% gained last spring.

Key Advisors Group, LLC owner Eddie Ghabour discusses the U.S. housing market, specifically commercial real estate and its forthcoming challenges.

Mortgage applications tumbled more than 18% last week, the biggest monthly drop since 2015, as rates climb higher and home prices remain abnormally high.

Check out the mortgage rates for Feb. 22, 2023, which are largely up from yesterday.

"Shotgun Wedding" star Jennifer Lopez put her sprawling Southern California abode on the market less than one year after marrying actor Ben Affleck.

Brookfield Asset Management recently defaulted on a total of over $750 million in debt for a pair of 52-story towers in Los Angeles, according to a February securities filing.

Check out the mortgage rates for Feb. 21, 2023, which are mixed from last Friday.

Sales of previously owned homes fell 0.7% in January from the prior month due to higher mortgage rates, according to the National Association of Realtors.

"Real Housewives" star Kim Zolciak and husband Kroy Biermann’s lavish Georgia estate is in foreclosure and will be auctioned off in March.

Home prices across the U.S. increased by 7.7% annually in November, down from the 9.2% annual increase in October, Case-Shiller's National Home Price NSA index showed.