Consumer News Mortgage Rates Are Rising, Home Sales Are Falling

Mortgage rates edge higher for a second straight week

The 30-year fixed-rate mortgage rose to 6.34%, up from 6.30% last week, though still below its 52-week average of 6.71%. Nearly one in five homes a ... Read More

Mortgage rates are falling fast. Is it a good time to buy a home?

Meanwhile, the typical price of a home has fallen in recent months. The median sales price of a home in the U.S. registered at $410,800 over three months ending in June, which marked a decline from a ... Read More

Lower Mortgage Rates Boost Home Sales in Mid-Atlantic States but DC Market Stumbles

The D.C.housing market is bearing the brunt of the government shutdown, but the rest of the mid-Atlantic region is seeing strong sales. Read More

Redfin sounds alarm on housing market, mortgage rate growing problem

The current state of the U.S. housing market should be thoughtfully examined in the context of some important economic events that occurred during the past few years. Faced with surging inflation ... Read More

Mortgage rates aren’t budging during the shutdown. How long will it last?

Mortgage rates remain stable despite the government shutdown. Discover how this affects the housing market and future rate expectations. Read More

New home sales surge over 20% to 3-year high as lower mortgage rates spurred demand

Sales of new US single-family homes surged to the highest level in more than 3-1/2 years in August, but that likely exaggerates the housing market’s health, and a weakening labor market could limit ... Read More

Fed cuts rates as mortgage rates fall to 2025 low

On Sept. 17, the Federal Reserve voted to cut the federal funds rate by 25 basis points. A basis point is one one-hundredth of a percentage point. Mortgage lenders anticipated this move; last week, ... Read More

Home contract signings jumped in August as mortgage rates dropped

Home contract signings rose more than expected in August, a sign that lower mortgage rates may be pushing some buyers and sellers back into the market. The Pending Home Sales Index rose 4% in August ... Read More

Mortgage rates fall after rate cut

The average rate on a 30-year U.S. mortgage fell again this week, echoing a decline in long-term U.S. Treasury bond yields ahead of the Federal Reserve's first rate cut this year. The rate eased from ... Read More

With Mortgage Rates Declining, Homebuyers Must Decide: Buy Now With Little Competition, Or Bet on Rates Falling More?

Redfin reports pending home sales are up just 0.8% from a year ago, with many house hunters hoping rates will drop substantially more. But if that were to happen, sellers would regain the upper hand ... Read More

US New Home Sales Jump to More Than 3-1/2-Year High; Economists Dismiss Rise as a Fluke

WASHINGTON (Reuters) -Sales of new U.S. single-family homes surged to the highest level in more than 3-1/2 years in August, but that likely exaggerates the housing market's health, and a weakening ... Read More