Mortgage rates climb above 7%; what does that mean for housing market?
Higher interest rates add to problems with affordability that have hammered the housing market for the last two years. Prices have continued to climb despite slower sales volume, posting 17
Mortgage rates climb above 7% to highest level since May
Mortgage rates topped 7% this week, a key psychological threshold, in a sign of the US housing market’s unrelenting affordability challenges.
How to Get a Mortgage Rate Under 3% as Rates Climb Above 7%
Mortgage rates are now above 7 percent, but there are still options for securing a rate in the 3 percent range or lower
30-Year Mortgage Rate Rises Above 7% for First Time Since May
The average rate on 30-year fixed-rate mortgages surpassed 7 percent for the first time since May, Freddie Mac reported on Thursday, extending a weekslong climb that could push more buyers and sellers to the sidelines.
Average rate on 30-year mortgage hits 7% after 5th straight increase, now highest level since May
The average rate on a 30-year mortgage in the U.S. ticked up this week to slightly above 7%, the highest level in eight months.
Average mortgage rate tops 7% for first time since May
The Fed is tapping the brakes on interest rate cuts because inflation remains stubbornly high. That's pushed mortgage rates higher.
Mortgage rates top 7%, soar to highest level since May in latest blow to homebuyers
The interest rate on 30-year mortgages rose last week to an eight-month high, extending an upward trend that’s squeezing would-be homebuyers already facing rising house prices and limited supply. The average rate on the most popular home loan reached 7.
Five major banks offering mortgage relief in fire-ravaged L.A. region areas, Newsom announces
Five major banks will offer homeowners up to three months of forbearance on mortgage payments in areas devastated by the ...
Will Mortgage Rates and Home Prices Finally Fall This Year? Some People Think Yes
Some U.S. consumers are optimistic about the housing market in 2025, believing there's a chance mortgage rates and home ...
Trump Promised Lower Mortgage Rates. Can He Deliver?
On the campaign trail, Trump promised to bring down mortgage rates and make housing affordable again. His policies could do ...
Newsom reaches deal with banks for wildfire-related mortgage relief
Gov. Gavin Newsom on Saturday announced that five major financial institutions will offer mortgage relief for property owners ...
Gov. Gavin Newsom announces mortgage relief commitments from major lenders to help wildfire survivors
California Gov. Gavin Newsom announced commitments from five major financial institutions that will offer mortgage relief for ...
Mortgage rates rise above 7% for first time since May
Mortgage rates rose again for the sixth straight week, with the average 30-year fixed-rate note topping 7% for the first time ...
How Much Do You Need to Make to Afford a $5,000 Mortgage Payment?
A $5,000 monthly mortgage payment is very realistic for homeowners in high-cost states like California, Massachusetts, and ...
4 reasons to get preapproved for a mortgage loan this January
With only two additional Fed rate cuts predicted for 2025, mortgage rates aren't likely to fall much more this year. And, if ...
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Mass. homebuyers hope mortgage rates ease, inventory loosens in 2025. Will they?
Through Nov. 30, last year's statewide median sales price for single-family homes was $616,925, up a robust 8.2%.