Sellers are being forced to drop home prices because of continued high mortgage rates and more days of sitting on the market.
These are today's mortgage and refinance rates. Mortgage rates are down so far in March, and they may fall further this year.
Mortgage rates shot up to nearly 8% in late 2023, dipped to 6% last fall, rose to above 7% in mid-January and declined again recently.
"This week, mortgage rates decreased to their lowest level in over two months," says Freddie Mac Chief Economist Sam Khater. ...
Homebuilder stocks are in a bear market, as lower mortgage rates and continued rate discounts haven’t improved demand.
If you're planning to buy a house soon, it helps to know what could happen with the mortgage rate environment.
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The post The 5 Cities Where Homeowners Are Taking Advantage of Lower Mortgage Rates appeared first on Real Estate News & ...
28/36 rule: Housing expenses (including mortgage payments, utilities, HOA fees and homeowners insurance) should be no more ...
It will be reducing its rates by as much as 0.48 percentage points for home buyers - but they need to meet certain energy ...