Consumer News Will Lower Mortgage Rates Keep Home Prices High

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

US homes sales rose in October as homebuyers seized on declining mortgage rates

Sales of previously occupied U.S. homes increased last month to the fastest pace since February as lower mortgage rates helped pull more homebuyers into the market. Read More

Lower mortgage rates spark surge in home sales, highest pace seen in seven months

The housing market got a boost last month from lower mortgage rates and a growing supply of homes sitting on the market, allowing buyers to make purchases after a long period of unaffordability. Read More

Mortgage rates fall to lowest level of 2025

Americans frustrated by high home borrowing rates may have gotten some welcome news this week. The average 30-year fixed mortgage rate dropped to 6.19% for the week ending October 23, down from 6.27% ... Read More

11 ways Southern California homebuyers are reacting to lower mortgage rates

September saw 14,590 local home sales close. That’s up 4% over the past year and the best September since 2022. Read More

Mortgage rates just dropped closer to 6%. Here's what buyers should consider now.

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. But with home prices elevated in many parts of the country and rates ... Read More

Mortgage rates are up - what does it mean for homebuyers?

Whenever a mortgage rate increases - even just 0.02 percentage points - it can have a significant impact on monthly payments ... Read More

Here's what's keeping homebuyers on the sidelines despite mortgage rates hitting a 10-month low

A lot of would-be buyers feel priced out of the housing market. Lower mortgage rates might not help move the needle. Read More

After Another Fed Cut, Can Mortgage Rates Move Lower?

The FOMC voted to cut the federal funds rate by 25 basis points, or a quarter-point, at its October meeting, as expected. Mortgage rates and the Fed's benchmark rate don't always move together, but ... Read More

There's No End in Sight For High Mortgage Rates

The Mortgage Bankers Association said that mortgage rates could be as high as 6.5% at the end of 2026, while Fannie Mae projections show rates as high as 5.9% at that time. That would mean an extended ... Read More