Mortgage

Mortgage rates moved slightly lower this week, remaining near 7% as potential buyers and sellers continue to hold off on making a move as they wait for steeper declines.

Existing home sales declined in 2024 to the lowest level since 1995, while median home prices rose to a record high as elevated mortgage rates confound the market.

The average 30-year fixed-rate mortgage dropped below 7% after climbing for six consecutive weeks as the housing market sees little relief amid an affordability crisis.

Mortgage rates rose again for the sixth straight week, with the average 30-year fixed-rate note topping 7% for the first time since May as the housing market continues to struggle.

Mortgage rates continued to climb this week, with the 30-year fixed rate notching up toward 7% while housing demand remains stalled amid elevated rates and home prices.

Mortgage rates climbed again for a third consecutive week to the since since July, with the 30-year fixed-rate average rising to just under 7% as the housing market remains stalled.

This week's increase marked the highest level on the 30-year loan since mid-July, when the rate was 6.89%, according to mortgage buyer Freddie Mac data.

On the heels of rate cuts, the housing market is slowly getting closer to a full recovery.

Mortgage rates rose this week with the average 30-year fixed-rate note climbing to 6.72%, dinging demand as overall mortgage applications decreased due to a drop in refinances.

Century 21 Real Estate CEO provides analysis of the latest mortgage rate data as homebuyers continue to struggle with affordability problems.

Mortgage rates declined for the second week in a row, lifting demand in the stagnant housing market as the affordability crisis continues to create headwinds.

Realtor.com's 2025 housing forecast released Wednesday indicates mortgage rates will come down next year -- but not as much as potential buyers and sellers would like.

The FHFA has raised maximum limits for a traditional mortgage on the heels of rising home prices.

A drop in mortgage rates for the first time in two months has sparked a surge in home purchase applications, breathing new life into the stagnant housing market.

The conforming loan limit for mortgages backed by Freddie Mac and Fannie Mae will rise by 5.2% next year to over $800,000, the Federal Housing Finance Agency announced Tuesday.

Mortgage rates climbed this week with the 30-year fixed rate mortgage nearing 7%, after a drop in rates in September sparked a revival in existing home sales in October.

Mortgage rates leveled off this week after climbing for six consecutives weeks, stalling along with demand in the stagnant housing market amid an affordability crisis.

The Federal Reserve cut interest rates by a quarter of a percent as inflation begins the path to stabilization.

Mortgage rates rose for the sixth straight week with the 30-year fixed rate average hitting 6.79%, as purchase demand continues to weaken in the stagnant housing market.

Mortgage rates moved higher for the fifth straight week, pushing the average rate for a 30-year fixed-rate mortgage to 6.72% and the 15-year note to 5.99%.