U.S. mortgage rates have fallen to their lowest level since May, with the 30-year mortgage rate falling from last week's 6.67% to 6.61% according to data from Freddie Mac. This is a ninth consecutive weekly decline and a drop of more than a full...
Real estate investors are closely monitoring mortgage rates in the hope that cooling inflation data will continue to push the 30-year mortgage rate lower going into 2024. While it appears as if it could fall to 5%, such a significant drop seems unlikely at...
U.S. homebuilder confidence rose in December, the National Association of Homebuilders/Wells Fargo Index showed, as easing interest rates appear to contribute to improved sale conditions. According to the index, builder confidence rose to 37 in December from 34 in November, thereby exceeding analysts' expectations...
30-year fixed U.S. mortgage rates dropped below 7% on Saturday, the first time that it has slipped to this level since August. This mortgage rate has been consistently declining since almost hitting 8% in October. According to data from Freddie Mac, the current rate...
The 30-year U.S. mortgage rate fell to 7.53%, its lowest level since September 1. This is a significant retreat from the 8.45% realized in October, which is the 30-year rate's highest level in 23 years. In November, the 30-year mortgage rate reached a peak...
Homebuyers are increasingly backing out of deals as mortgage rates stand at a 23-year high. Dara from Redfin found that around 53,000 home purchase agreements in the US were abandoned in September; 16.3% of all home sale contracts that month. This is the highest...
