Articles for Mortgage Market

Trump privatization plan will add thousands a year to typical mortgage: expert
3 weeks ago

Trump privatization plan will add thousands a year to typical mortgage: expert

Raw Story  

A proposed deregulation of the home loan market that Donald Trump is widely expected to pursue could have massive consequences for new homebuyers — particularly those with low incomes, reported CNN on Monday. Specifically, Trump is likely to try to privatize Fannie Mae and Freddie Mac, the mortgage-backing giants that the federal government took a stake in following the 2008 …

Trump Freddie Fannie Mortgage Market
Mortgage Rates Continue to Rise as Economic Data Remains Strong
2 months ago

Mortgage Rates Continue to Rise as Economic Data Remains Strong

CNN  

Mortgage rates rose again this week, marking the fourth consecutive weekly increase. The average rate on a standard, 30-year fixed mortgage was 6.54% in the week ending October 24, 2023, the highest level since early August but still below this year's high of 7.22% seen in early May. Expectations of a Fed rate cut caused mortgage rates to drop to …

Law Finance Economy Housing Washington
Average rate on a 30-year mortgage falls to 6.73%, lowest level since early February
4 months, 3 weeks ago

Average rate on a 30-year mortgage falls to 6.73%, lowest level since early February

Associated Press  

LOS ANGELES — The average rate on a 30-year mortgage fell this week to its lowest level since early February, easing borrowing costs for prospective homebuyers facing record-high home prices. After jumping to a 23-year high of 7.79% in October, the average rate on a 30-year mortgage has mostly hovered around 7% this year — more than double what it …

Mortgage Average Fed Rate Rates Mortgage Rates Freddie Mac
US home sales fell in June to slowest pace since December amid rising mortgage rates, home prices
5 months ago

US home sales fell in June to slowest pace since December amid rising mortgage rates, home prices

Associated Press  

LOS ANGELES — The nation’s housing slump deepened in June as sales of previously occupied homes slowed to their slowest pace since December, hampered by elevated mortgage rates and record-high prices. Existing home sales sank to a nearly 30-year low last year as the average rate on a 30-year mortgage surged to a 23-year high of 7.79%, according to mortgage …

Market Mortgage Home Sales Sales Month Rate Rates
The US housing slump deepened this spring. Where does that leave home shoppers and sellers?
5 months, 2 weeks ago

The US housing slump deepened this spring. Where does that leave home shoppers and sellers?

Associated Press  

LOS ANGELES — The housing market shows few signs of busting out of its three-year funk after a disappointing spring season and amid a gloomy outlook for the summer and fall. The weak spring sales are a reflection of the affordability challenges many home shoppers face: the average rate on a 30-year mortgage rate is moored near 7%; the supply …

Homes Spring Market Prices Mortgage Price This Year
Housing site Funda scraps plans to enter mortgage market
6 months, 1 week ago

Housing site Funda scraps plans to enter mortgage market

NL Times  

Housing website Funda has scrapped its long-cherished plans to enter the mortgage market. “A lot of research is involved in developing a distinctive, accessible online mortgage product,” the spokesperson said. The company has reviewed the “possible outcomes” and concluded, “that we will not continue with this project.” Funda has long wanted to enter the mortgage market and even fought with …

Nvm Mortgage Project Market Housing Mortgage Market Funda
Homebuyers’ quandary: To wait or not to wait for lower mortgage rates
8 months, 1 week ago

Homebuyers’ quandary: To wait or not to wait for lower mortgage rates

Associated Press  

LOS ANGELES — Shop for a home now or hold out for the possibility of lower mortgage rates? “If mortgage rates do in fact drop as expected, I would expect there to be more competition from increased demand, so that’s one reason to potentially act now,” said Danielle Hale, chief economist at Realtor.com. Combined with a nearly 44% increase in …

Market Mortgage Price Average Fed Rate Rates
Home Depot buying supplier to professional contractors in a deal valued at about $18.25 billion
8 months, 3 weeks ago

Home Depot buying supplier to professional contractors in a deal valued at about $18.25 billion

Associated Press  

Home Depot will buy SRS Distribution, a materials provider for professionals, in a deal valued at approximately $18.25 billion including debt. With mortgage rates still high, millions of people are spending money on upkeep for the homes that they own, another financial driver for the Home Depot, SRS deal. “SRS has built a robust and successful platform that will accelerate …

Sales Mortgage Rates Home Depot Depot Professional Srs
The American Dream is under siege
9 months, 3 weeks ago

The American Dream is under siege

CNN  

New York CNN — The long-rumored recession has been postponed – or perhaps canceled altogether. Courtesy Hana Husković and Carolina Landaverde Photography “I don’t know if we’ll ever be able to buy a home,” Hana said. The one-two punch of high home prices and elevated mortgage rates caused by the Federal Reserve’s war on inflation has made the housing market …

Housing Market Ice Mortgage Affordability California High
Property investor's tough truths for young Aussies - and his 10 pieces of advice to getting ahead and cracking the property market: 'If you can't do this, you're a spoilt, entitled Gen Z'
10 months ago

Property investor's tough truths for young Aussies - and his 10 pieces of advice to getting ahead and cracking the property market: 'If you can't do this, you're a spoilt, entitled Gen Z'

Daily Mail  

A mortgage broker with an impressive property portfolio has shared his top money-saving hacks for young Aussies looking to get on the housing ladder. The mortgage broker also recommended creating a vision board with their dream home on it Tap into your 'Why' Mr Huynh said figuring out what you are saving for will keep you focused and motivated to …

Gen Z Property Money Mortgage Saving Cent Think
Mortgage market cautiously recovering: consultancy firm
1 year, 1 month ago

Mortgage market cautiously recovering: consultancy firm

NL Times  

The mortgage market is cautiously recovering, said consultancy firm IG&H. The average amount for which homeowners took out a mortgage in the third quarter has risen to a record high, according to IG&H. Total turnover on the mortgage market increased further in July, August, and September, after yields had also increased in the second quarter. The average mortgage amount was …

Mortgage Quarter Igh Mortgage Market
Home sales fell again in September as surging mortgage rates, rising prices discouraged homebuyers
1 year, 2 months ago

Home sales fell again in September as surging mortgage rates, rising prices discouraged homebuyers

Associated Press  

LOS ANGELES — Sales of previously occupied U.S. homes in September fell for the fourth month in a row, grinding to their slowest pace in more than a decade as prospective homebuyers grapple with surging mortgage rates and a near historic-low level of properties on the market. Existing home sales fell 2% last month from August to a seasonally adjusted …

Homes Market Mortgage Home Sales Treasury Sales Month
Realtors see fierce battle for mid-sized homes on housing market
1 year, 2 months ago

Realtors see fierce battle for mid-sized homes on housing market

NL Times  

After last year's housing market slump, first-time home buyers are once again facing fierce competition when hunting for a home. Realtors affiliated with the organization sold 2.4 percent more homes in the third quarter than in the same period last year, although the number of townhomes sold declined significantly. These figures regularly mask a lot of frustration among people hoping …

Homes Market Housing Market Quarter Nvm Gerssen
Mortgage rates are at a record high. Here's what that means for home buying
1 year, 4 months ago

Mortgage rates are at a record high. Here's what that means for home buying

NPR  

Mortgage rates are at a record high. Here's what that means for home buying Rates for a fixed, 30-year mortgage jumped to the highest rate seen in over 20 years - over seven percent. HORSLEY: The mortgage giant Freddie Mac says the average rate on a 30-year fixed home loan this week is just over 7%. SIMON: Scott, what's pushed …

Market Mortgage Interest House High Rate Rates
Average mortgage amount rising after 14 months of decline; Highest since April 2022
1 year, 4 months ago

Average mortgage amount rising after 14 months of decline; Highest since April 2022

NL Times  

The average mortgage amount for purchasing a home rose by 4 percent in July compared to last year to 321,818 euros. That is the highest level since April 2022, according to figures from De Hypotheker. According to De Hypotheker, this indicates that the housing market may be gradually recovering despite the rise in mortgage interest rates. The housing supply increased …

De Hypotheker
Bank of England warned 7 per cent interest rates would send shock wave through housing market
1 year, 5 months ago

Bank of England warned 7 per cent interest rates would send shock wave through housing market

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Economy Housing Housing Market Bank Prices Interest Rates Interest
Average house price falls 3.5% as mortgage rates keep climbing
1 year, 5 months ago

Average house price falls 3.5% as mortgage rates keep climbing

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Mr Gardner added: “Moreover, despite the higher interest rates …

London Market Mortgage Price House Gardner Sign
US home sales fell again in January; prices edged higher
1 year, 10 months ago

US home sales fell again in January; prices edged higher

Associated Press  

LOS ANGELES — The nation’s housing slump dragged on into January as home sales fell for the 12th consecutive month to the slowest pace in more than a dozen years. The National Association of Realtors said Tuesday that existing U.S. home sales fell to a seasonally adjusted annual rate of 4 million properties last month. The modest monthly sales drop …

Homes Market Mortgage Home Sales Sales Month Fed
Housing prices to fall 8% in EU with “years of declining” prices in Netherlands
1 year, 11 months ago

Housing prices to fall 8% in EU with “years of declining” prices in Netherlands

NL Times  

Home prices in the Eurozone will fall in the next two years, and the Netherlands and Germany will be hit hardest with a fall of around -8 percent by the end of 2024, according to credit insurer Allianz Trade. “After ten years, this is now coming to an end, and we are heading for years of decline.” In Sweden, home …

Netherlands Sweden Fall Housing Prices Home Prices
US home sales tumble for ninth month as mortgage rates bite
2 years, 1 month ago

US home sales tumble for ninth month as mortgage rates bite

Al Jazeera  

Existing home sales dropped 5.9 percent last month, the lowest level since December 2011 outside initial pandemic days. US existing home sales tumbled for a ninth straight month in October as the 30-year fixed mortgage rate hit a 20-year high and prices remained elevated, pushing homeownership out of the reach of many Americans. Existing home sales dropped 5.9 percent to …

Home Sales Month Rate Existing Existing Home Sales Sales Tumble
Average long-term US mortgage rates up another quarter point
2 years, 2 months ago

Average long-term US mortgage rates up another quarter point

Associated Press  

WASHINGTON — Average long-term U.S. mortgage rates reached their highest level in more than two decades this week and are likely to climb further as the Federal Reserve has all but promised more rate increases in its battle to tamp down persistent inflation. Mortgage buyer Freddie Mac reported Thursday that the average on the key 30-year rate climbed to 6.92% …

Inflation Fed Mortgage Rates Rate Mortgage
How the mini-Budget triggered a week of chaos in Britain's property market
2 years, 2 months ago

How the mini-Budget triggered a week of chaos in Britain's property market

The Telegraph  

Britain's banks had pulled a record 1,000 home loans from the market on Tuesday, more than double the 462 products removed during the pandemic in April 2020, according to Moneyfacts. If mortgage rates go up by that amount, the average household refinancing a two-year deal would see monthly repayments jump over 70pc from £863 to £1,490. Ray Boulger of mortgage …

Market Mortgage Rate Deal Rates Mcintyre Fixed
Mortgage rates hit 6%, first time since 2008 housing crash
2 years, 3 months ago

Mortgage rates hit 6%, first time since 2008 housing crash

Associated Press  

WASHINGTON — Average long-term U.S. mortgage rates climbed over 6% this week for the first time since the housing crash of 2008, threatening to sideline even more homebuyers from a rapidly cooling housing market. The long-term average rate has more than doubled since a year ago and is the highest it’s been since November of 2008, just after the housing …

Market Inflation Mortgage Treasury Fed Rate Rates
Five things to know about the next US housing crisis
2 years, 5 months ago

Five things to know about the next US housing crisis

Al Jazeera  

High home prices, scarcity and global uncertainty may be the perfect recipe for a United States housing crisis, economists tell Al Jazeera. “We’re seeing listings stay on the market a little longer than a year ago, even six months ago.” Inflation, a bear market on Wall Street after the S&P 500 dropped 20 percent, free-falling cryptocurrencies, war in Ukraine, and …

Housing Florida Ukraine Market Miami Mortgage Interest Rates