Demand for mortgages in the final week of 2024 fell sharply, a combination of holiday market slowness and rates near 7%, according to the Mortgage Bankers Association.
High borrowing costs are weighing on affordability.
Interest rates have been climbing since the Federal Reserve signaled last month that it expects to cut its benchmark rate ...
Derived from a monthly survey that NAHB has been conducting for more than 35 years, the NAHB/Wells Fargo HMI gauges builder ...
Mortgage rates are climbing again, in yet another unwelcome sign to homebuyers. The standard, 30-year fixed-rate mortgage ...
The Freddie Mac mortgage rate tracker on Thursday morning showed the conforming 30-year fixed rate mortgage creep closer to ...
In 2022 - the year the Fed started hiking rates - net interest and miscellaneous payments for nonfinancial U.S. corporations began a steep decline, possibly because they started earning more on their ...
The average interest rate on a 30-year mortgage rose to 6.91% as of Thursday, up from 6.85% a week earlier, according to ...
After dipping for two days, 30-year mortgage rates edged higher, again nearing their highest level since early July. Rate ...
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