Mortgage rates reach highest level since 2008
Mortgage rates rose again this week to their highest level since 2008, approaching 6% as the Federal Reserve prepares more rate hikes, Freddie Mac says.
Today’s 20-, 30-year mortgage refinance rates dip back below 6% | September 8, 2022
Check out the mortgage refinancing rates for September 8, 2022, which are down from yesterday.
Today’s mortgage rates: 30-year rates dive below 6% | September 8, 2022
Check out the mortgage rates for September 8, 2022, which are down from yesterday.
High mortgage rates drive borrowers to ARMs for savings, expert says
Homebuyers are looking to alternative mortgage products like adjustable-rate mortgages to deal with affordability issues.
Today’s mortgage refinance rates rise | September 7, 2022
Check out the mortgage refinancing rates for September 7, 2022, which are up from yesterday.
Portland’s homeless crisis has residents ‘picking somewhere else’ to live, realty broker says
As Portland residents flee the city over rising crime and residential homeless camps, Dwell Realty broker George Patterson says houses are selling "for slightly less" amid the crises.
Today’s mortgage rates: 15-, 10-year rates stick below 5.5% | September 7, 2022
Check out the mortgage rates for September 7, 2022, which are up from yesterday.
Portland homes ‘sell for slightly less’ due to homeless camp ‘problem’: Realty broker
Dwell Realty broker George Patterson on the difficulties around finding homebuyers amid Portland’s homeless crisis.
Portland’s homeless crisis ‘changing circumstances’ within housing market: Realty broker
Dwell Realty broker George Patterson says Portland residents are ‘full of concerns’ regarding homeless camps growing in residential neighborhoods.
Fed’s interest rate outlook drives mortgage rates up
Rates for the 30-year mortgage rose last week as the market braces for more Federal Reserve action to beat inflation, according to Freddie Mac.
As mortgage rates climb, loan demand, refinancing drops
The housing industry is seeing the effects that higher mortgage rates are having. The average rate on the 30-year fixed mortgage is 5.66% this week, up from 5.55%.
US housing market downturn to worsen in 2023, Goldman Sachs warns
Housing sector activity will likely slow sharply in coming months, according to Goldman Sachs economists, with price growth eventually falling to zero.
Savings window opens: 20-year mortgage refinance rates edge down | September 6, 2022
Check out the mortgage refinancing rates for September 6, 2022, which are mixed from last Friday.
20-year mortgage rates may be best bet for buyers today | September 6, 2022
Check out the mortgage rates for September 6, 2022, which are mixed from last Friday.
The US is in a housing recession. Here's what that means
The Federal Reserve likely triggered a recession in the housing market with its interest rate hike campaign as rising borrowing costs price out first-time buyers.
This is the silver lining for buyers in today's market: Economist
Realtor.com chief economist Danielle Halle weighs in on mortgage rates climbing to their highest levels since mid-July, pressuring the already cooling housing market on 'Maria Baltiromo's Wall Street.'
Oak Street in $2B bid for Kohl's real estate
Just as Bed Bath & Beyond did, this struggling retail giant is looking for a new buyer to liquidate its real estate assets to improve its financial situation.
Today’s 30-year mortgage rates edge up, while 3 other terms hold steady | September 2, 2022
Check out the mortgage rates for September 2, 2022, which are largely unchanged from yesterday.
Older homeowners unlikely to use home equity loan ahead of retirement, survey says
Home prices are surging, which gives older Americans the opportunity to use their home's equity in their retirement plans.
Mortgage rates climb to 5.66% after Fed pledges 'forceful' action on inflation
Mortgage buyer Freddie Mac said the average rate on the 30-year loan rose to the highest level in two months amid renewed fears of an aggressive Federal Reserve.