Home Mortgage

DeBianchi Real Estate’s Sam DeBianchi joined 'Mornings with Maria,' Tuesday, pointing to mortgage rates as the ultimate 'game changer' in the 'tricky' housing market heading into 2023.

The average rate for a 30-year fixed-rate mortgage dropped to 6.27% for the week ending Dec. 22, according to Freddie Mac.

Mortgage rates have more than doubled over the past year, pushing many prospective homebuyers out of the market, even as home prices remain near a record-high.

Federal Reserve rate hikes, high inflation, and worries of recession keep the housing market depressed even though rates fall for sixth week in a row to 6.27%.

Check out the mortgage rates for Dec. 22, 2022, which are largely down from yesterday.

Home prices increased by 10.6% annually in September, down from 12.9% annually in August, Case-Shiller's National Home Price NSA index said.

Sales of previously owned houses fell in November for the 10th consecutive month as rising interest rates pushed potential homebuyers out of the market.

Check out the mortgage rates for Dec. 21, 2022, which are up from yesterday.

The Peebles Corporation's Don Peebles argues Florida Gov. Ron DeSantis made "a very smart move" passing property insurance reform which will "help the average person" afford a home.

Check out the mortgage rates for Dec. 20, 2022, which are mixed from yesterday.

Rising interest rates and stubbornly high prices are starting to cool the housing market, with new home construction in the U.S. falling again in November.

Start the homebuying process with a budget for your house that works with your current financial scenario.