US new home sales rebound to six-month high; rising mortgage rates a concern

New home sales jumped 8.8% to a seasonally adjusted annual rate of 693,000 units last month, the highest level since September, the Commerce Department's Census Bureau said. The sales pace for ... Read More

US new home sales surged in March despite elevated mortgage rates

Sales of newly built single-family homes in the United States soared in March despite mortgage rates remaining elevated that month. Read More

With mortgage rates above 7 percent, here’s what home buyers should know

Demand for home loans may be increasing in Greater Boston, despite mortgage rates rising above 7 percent ... here are three things for home buyers to consider, according to Berkshire Bank’s Ellen ... Read More

What are today's mortgage and mortgage refinance interest rates?

Are you in the market for a new home ... mortgage rates are closer to 6-7%. If the Fed stops raising rates then I'd anticipate mortgage rates to also stop going up. That's good news for borrowers." ... Read More

Does the CFPB have mortgage rate discount points in its crosshairs?

In that March 8 blog, the CFPB pointed to the rising ... mortgages it insured are for first-time home buyers. CFPB theorized that eligibility issues, especially when it came to the debt-to-income ... Read More

Sluggish start for spring homebuying season as home sales fall in March with mortgage rates rising

The spring homebuying season is off to a sluggish start as home shoppers contend with elevated mortgage rates and rising prices. Read More

What is an assumable mortgage and is it right for you?

An assumable mortgage is when the buyer takes over the seller's existing loan — including its interest rate ... to the Consumer Financial Protection Bureau's analysis of the 2022 Home Mortgage ... Read More

Housing Market Predictions For 2024: When Will Home Prices Be Affordable Again?

the average 30-year fixed mortgage rate in 2024 remains well over 6% amid rising home values. As a result, home buyers continue to face affordability challenges. According to data from its first ... Read More

Home improvement industry trends 2024

While high mortgage rates and skyrocketing home prices have locked millions of Americans out of buying ... types. Rising demand and decreased availability have contributed to growing costs for ... Read More

Key inflation report may derail interest-rate cuts

To a hot economy and new inflation pressures. The result was a week of big gains and losses, especially on Thursday when geopolitical concerns and musings on how many interest-rate cuts the Federal ... Read More

Mortgage rate history: 1970s to 2024

The 30-year fixed-rate mortgage — now the most popular type of home ... News poll, 39% of Americans believe the economy is "good," with 57% of respondents viewing the economy as "bad." It's an ... Read More

One in 10 first-time buyers used a lifetime Isa to buy their home

Isa bonus from the government, according to analysis of HMRC data by investment platform, Hargreaves Lansdown. The investment firm says the number of its customers receiving a bonus increased by 7% ... Read More