Consumer News Mortgage Rates Are Rising, Home Sales Are Falling

High mortgage rates halve number of working-class homebuyers in the Twin Cities

A new study from the Federal Reserve Bank of Minneapolis found a more than 60% drop in homebuyers with modest budgets from 2021-24. Meanwhile, sales of more expensive homes rose. Read More

Mortgage-rate dip lifts affordability to a three-year high, sparks a fall housing flurry

Thanksgiving may mean eating turkey sandwiches on cardboard-box tables for plenty of home buyers this year. Buyers and sellers defied seasonal cooling patterns to turn in the strongest October housing ... Read More

Mortgage rates fall, sparking encouraging sales rise

The housing market showed signs of renewed energy in September as sales of previously owned homes increased 1.5% from August, reaching a seasonally adjusted annual rate of 4.06 million units according ... Read More

Home Depot, Lowe’s Profits Fall as Housing Market Slows in a Weak Economy

High mortgage rates, rising costs and softer demand are weighing on both retailers’ outlooks despite modest revenue growth. Read More

Existing home sales rise more than expected in October on lower mortgage rates

“Home sales increased in October even with the government shutdown due to homebuyers taking advantage of lower mortgage rates,” said NAR Chief Economist Lawrence Yun. The average 30-year fixed-rate ... Read More

Virginia home sales rise 3% as buyers enter market amid lower mortgage rates

Virginia home sales are up by more than 3% as more buyers enter the housing market amid lower mortgage rates and more homes, according to the October 2025 Virginia Home Sales Report. Read More

US home sales accelerated in September to their fastest pace since February as mortgage rates eased

Sales of previously occupied U.S. homes accelerated in September as declining mortgage rates and a pickup in available properties on the market encouraged home shoppers. Existing home sales rose 1.5% ... Read More

Mortgage rates edge higher after hitting a 12-month low

The 30-year fixed mortgage rose to 6.22%, up five basis points from last week, while the 15-year rate increased to 5.50%. Mortgage rates are tracking the 10-year Treasury yield, which reflects ... Read More

Mortgage rates fell again this week

Mortgage rates have declined for the second straight week, with the 30-year fixed-rate mortgage averaging 6.27% (down from 6.30%) and the 15-year fixed-rate mortgage averaging 5.52% (down from 5.53%), ... Read More

Rising housing costs, high mortgage rates drive up the age of homebuyers

PHOENIX — It’s a fact that study after study reveals: people are buying homes later in life, if at all, as housing costs soar. A new Bankrate survey shows one in six aspiring homeowners gave up buying ... Read More

Existing Home Sales Rose Last Month, But The Bigger Picture Hasn't Changed

Existing-home sales climbed modestly in September, rising 1.5% to a seasonally adjusted annual rate of 4.06 million, according to the National Association of Realtors (NAR). Sales were also 4.1% ... Read More

What's the mortgage interest rate forecast for November 2025?

Mortgage rates have been dropping in 2025, but will they continue to fall this November? Here's what experts predict. Read More