Further declines could encourage more activity from buyers and sellers.
Category: Mortgages
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30-Year Mortgage Rate Dips to 6.46%; Home Sales Rise
Home buyers this week saw the lowest average rate since early 2023, and existing-home sales rebounded in July. Analysts predict more relief ahead.
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Consumer Protection Agency Cracks Down on Seller-Backed Home Sales
Risky contract-to-deed home sales are subject to the same protections as mortgaged-financed homes, the consumer protection agency said.
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30-Year Home Mortgage Rate Falls to 6.47%
The key mortgage rate had its biggest one-week decline of the year, falling to the lowest level in 15 months.
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A Mortgage Alternative for Lower-Priced Homes Comes With Risks
Seller-financed loans known as “land contracts” don’t involve a bank and lack the consumer protections available with traditional home loans.
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Welcome to the Rejected Housewives Suite!
My single (and yes, cat-lady) home became a landing zone for friends after their breakups.
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How Fed Rates Influence Mortgages, Credit Cards and More
Higher rates benefit those who can save, but for borrowers, falling rates would reduce bills on credit cards, home equity loans and other forms of debt.
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Apartments Could Be the Next Real Estate Business to Struggle
Owners of some rental buildings are starting to struggle because of rising interest rates and waning demand in some once booming Sun Belt cities.
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New Home Construction Slows as Mortgage Rates Remain High
Home building in May fell to its slowest pace in four years despite a supply shortage. That trend could put even greater strain on buyers.
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The Weird Housing Market, in 5 Charts
Home prices have held up better than expected amid high interest rates. But that doesn’t mean the housing market is healthy.
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How Fed Rates Influence Mortgages, Credit Cards and More
Higher rates benefit those who can save, but for borrowers falling rates would reduce bills on credit cards, home equity loans and other forms of debt.
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For Some Investors, Aging and Empty Office Buildings Aren’t a Bad Thing
Bargain hunters are getting office buildings at steep discounts, a sign of the pain in the real estate market.