Prices and mortgage rates are climbing as Wall Street bets that interest rates will remain higher for longer.
Category: Federal Home Loan Mortgage Corp (Freddie Mac)
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U.S. Mortgage Rate Jumps to Highest Level Since 2002
The average rate on a 30-year mortgage has been rising again, making it even harder for buyers to afford homes, which are in short supply.
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What New Mortgage Fees Will Mean for Buyers With Good and Bad Credit
Changes to fees applied to federal mortgages have led to a misconception that borrowers with low credit scores will pay less at the expense of borrowers with good credit.
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Buying or Selling a Home? Welcome to the Year of Disappointment
After a tumultuous few years, many hoped that the housing market would improve this spring. No such luck — for buyers or sellers.
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Falling Mortgage Rates Bring Some Home Buyers Back to Market
The New York Times – Business:Buyers are returning after being sidelined by a jump in borrowing costs, but experts say that the uncertain state of the economy is what will drive the market’s next moves.
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Low-Down-Payment Mortgages: Your 2023 Guide
The New York Times – Business:Facing high interest rates and home prices, some buyers have only a small down payment to offer. But they still have plenty of options.
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U.S. Mortgage Rates Soar Past 7%
The New York Times – Business:The average rate on 30-year mortgages — the most popular kind among Americans — rose to the highest level since 2002, tracking the Federal Reserve’s aggressive campaign of rate increases.