mortgage rates

Real estate stocks, tracked by the Real Estate Select Sector SPDR Fund (NYSE:XLRE), experienced losses exceeding 1% on Thursday, reversing earlier gains and breaking a six-day winning streak. This shift was prompted by growing risk aversion in global markets, as investors adopted a more cautious...

Over the last two years, home ownership has become more difficult for people earning the average U.S. wage. Median-priced single-family homes and condos were less affordable in the third quarter compared to historical averages in 99% of counties nationwide with enough data to analyze, according to...

When the Federal Reserve didn't raise interest rates last week, many believed it would help keep mortgage rates steady. But that's not what happened. Instead, rates for a 30-year fixed-rate mortgage increased from 7.31% to 7.31% — their highest level since 2000, according to Freddie Mac. "Unlike...

Nothing lasts forever on Wall Street. Today's champion stocks are tomorrow's bums and vice versa. For investors, the conundrum is determining when the downtrodden stocks will turn around. Buying after a long price decline is risky because investors must distinguish between the proverbial "falling...

Existing home sales saw a decline of 0.7% in August, reaching a seasonally adjusted annual rate of 4.04 million, marking a 15.3% drop from the previous year. The dip in home sales comes as median existing-home sales prices climbed 3.9% from a year ago to $407,100, marking the third consecutive...

Despite a slight decline in mortgage rates from their recent high point, housing affordability hasn't improved significantly. Over the past four weeks ending on Sept. 3, the median U.S. home-sale price increased by 4.5% year over year, while mortgage rates have stayed above 7%. As a result, the...

The siren song of homeownership has hit a sour note for many prospective buyers. The nationwide median home-sale price has surged to an eye-watering $380,000, according to a Thursday Redfin Corp (NASDAQ:RDFN) report, reflecting a 5% year-over-year increase — the most substantial uptick in almost a...

It's a tough time to be house hunting. Despite the Federal Reserve's aggressive rate hikes, home prices remain elevated. Meanwhile, rising mortgage rates further burden potential buyers, making monthly payments even more daunting for many. In a recent interview with Fox News, "Shark Tank" star...

Last week the national average rate on the 30-year fixed mortgage rose to 7.48%, the highest level in the U.S. since November 2000. A rise in bond yields on Monday triggered an increase in the 30-year mortgage rate, the most popular form of loan term. The increase makes housing even more...

The U.S. housing market is facing a seismic shock. Mortgage rates skyrocket to levels not seen in over two decades. The average contract interest rate for 30-year fixed-rate mortgages has surged by 15 basis points (bps). The rates reached a staggering 7.31% for the week ending Aug. 18. This marks...

The U.S. housing market is grappling with its worst affordability crisis in nearly 40 years. Mortgage rates have surged to a level unseen since April 2002, with the average rate for a 30-year fixed loan now standing at 7.09%, a significant rise from 6.96% just a week ago, as Freddie Mac reported...

The U.S. housing market delivered some head-turning statistics this month. On one end, mortgage rates skyrocketed to a level not seen since 2000. On the other, delinquencies have plummeted to their lowest point since the late 1970s.What's Going On? U.S. 30-Year fixed-rate mortgage surged to 7.46%...

A notable shake-up is underway in the real estate sector as 30-year mortgage rates experience an unexpected climb, reaching 7.09% in August 2023. The average contract interest rate for 30-year fixed-rate mortgages, tailored for those with conforming loan balances of $726,200 or less, surged from 6....

Billionaire hedge fund manager Bill Ackman is making a bold move! He's shorting 30-year Treasury bills using options, and he predicts yields could skyrocket to 5.5% 'soon'. His strategy is a hedge against the impact of long-term rates on stocks in “a world with persistent 3%...

Mortgage fees are changing under the new rules from the Biden administration’s Federal Housing Finance Agency. Because some borrowers with good credit may end up paying higher fees compared to those with lower credit scores, the change has sparked a discussion. Among the critics is Peter...