Members phkrause Posted July 31 Author Members Posted July 31 Average 30-year US mortgage rate rises to highest level in a year at 6.66% The average long-term U.S. mortgage rate rose for the fourth consecutive week to its highest level in a year, another setback for prospective homebuyers hoping for a break from elevated home loan borrowing costs.The benchmark 30-year fixed rate mortgage rate rose to 6.66% from 6.58% last week, mortgage buyer Freddie Mac said Thursday. One year ago, the average rate was 6.72%. Read More. Quote phkrause When the righteous are in authority, the people rejoice; But when a wicked man rules, the people groan. Proverbs 29;2
Members phkrause Posted August 7 Author Members Posted August 7 🏠 Mortgage rate spike Data: Mortgage Bankers Association. Chart: Courtenay Brown/Axios The average rate on a 30-year fixed-rate mortgage rose to 6.81% last week — the highest in a year, Axios' Neil Irwin writes. Why it matters: A global bond market sell-off is making it more expensive to buy a house. Higher borrowing costs are keeping prospective homeowners on the sidelines. Mortgage applications fell 3% last week. Quote phkrause When the righteous are in authority, the people rejoice; But when a wicked man rules, the people groan. Proverbs 29;2
Members phkrause Posted August 7 Author Members Posted August 7 Mortgage rates rise for 5th straight week, hitting levels not seen since 2025 for 2nd week in a row The average long-term U.S. mortgage rate rose for a fifth consecutive week to its highest level in just over a year, marking the latest strain for prospective homebuyers who are facing steep borrowing costs. Read More. Quote phkrause When the righteous are in authority, the people rejoice; But when a wicked man rules, the people groan. Proverbs 29;2
Members phkrause Posted August 13 Author Members Posted August 13 US existing homes fall 1.7% in July as record prices, high mortgage rates stifle would be-buyers Sales of previously occupied U.S. homes slowed again in July as record prices and the highest mortgage rates in a year prove to be an insurmountable hurdle for many prospective homebuyers. Read More. Quote phkrause When the righteous are in authority, the people rejoice; But when a wicked man rules, the people groan. Proverbs 29;2
Members phkrause Posted August 23 Author Members Posted August 23 Mortgage rates ease again, but remain higher than this time last year The average long-term U.S. mortgage rate eased for the second week in a row, but remains elevated compared with this time last year. Read More. Quote phkrause When the righteous are in authority, the people rejoice; But when a wicked man rules, the people groan. Proverbs 29;2
Members phkrause Posted August 30 Author Members Posted August 30 🏡 Teetering housing market Data: Redfin. Chart: Emily Peck/Axios The housing market has been in a low-boil recession for four years now, with anemic sales and the appearance of high prices, somehow without tanking the overall economy, Axios' Emily Peck reports. Why it matters: Homeownership is the bedrock of the economy — it's how most Americans build wealth — and changes in the residential real estate market ripple out into things like consumer spending, the job market and inflation. Zoom in: Home sales are at levels last seen when the country was crawling out of a housing crisis more than a decade ago. Many homeowners don't want to give up their low mortgage rates and buy something else. Others are discouraged by the prospect of high mortgage rates and house prices that, in many markets, still hover at record highs. Keep reading. Quote phkrause When the righteous are in authority, the people rejoice; But when a wicked man rules, the people groan. Proverbs 29;2
Members phkrause Posted September 5 Author Members Posted September 5 AI boom heats up Bay Area housing market as wealthy buyers drive demand for high-end homes across US Here’s another place the AI frenzy is making itself felt: the market for luxury homes. Read More. Quote phkrause When the righteous are in authority, the people rejoice; But when a wicked man rules, the people groan. Proverbs 29;2
Members phkrause Posted September 8 Author Members Posted September 8 The poorest in the US can't find housing even as low-income units sit empty Mathew Davis, who lives in a homeless shelter in Austin, Texas, would love an apartment of his own. But with the little money he makes donating blood plasma, even a $450-a-month tiny home with no running water and a communal bathroom would be a stretch. Read More. Quote phkrause When the righteous are in authority, the people rejoice; But when a wicked man rules, the people groan. Proverbs 29;2
Members phkrause Posted September 11 Author Members Posted September 11 Mortgage rates climb: Average rate on a 30-year home loan hits the highest level in over 14 months Mortgage rates rose for the third week in a row, pushing the average long-term U.S. home loan rate to its highest level in over 14 months. The benchmark 30-year fixed rate mortgage rose to 6.76% from 6.71% last week, mortgage buyer Freddie Mac said Thursday. One year ago, the average rate was 6.35%. Read More. Quote phkrause When the righteous are in authority, the people rejoice; But when a wicked man rules, the people groan. Proverbs 29;2
Members phkrause Posted Friday at 08:23 PM Author Members Posted Friday at 08:23 PM US mortgage rates brush 7%, weighing on buyers, sellers and further straining a bleak housing market Home shoppers holding out for relief from rising mortgage rates may be in for a long wait. https://apnews.com/article/mortgage-rates-housing-interest-financing-home-d57cc5a38163cfef3a7b2639dd3d8d7c? Quote phkrause When the righteous are in authority, the people rejoice; But when a wicked man rules, the people groan. Proverbs 29;2
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