Despite expectations of further interest rate cuts by the Federal Reserve, the 30-year fixed mortgage rate in the U.S. jumped last week to its highest level since July. At the same time, demand for mortgages and refinancing has dropped, according to a report by...
Homebuyers across the United States are finally getting some break. According to the Mortgage Bankers Association, the 30-year fixed mortgage rate dropped to 6.29% in the first week of September, its lowest level since February 2023.
The rate marks a 14 basis points slide from...
U.S. mortgage rates declined to their lowest level since February, potentially stirring a rise in demand following a drop in home purchase applications. The 30-year fixed mortgage declined by 5 basis points to 6.82% in the week ending July 19, data from the Mortgage...
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...
