Mortgage rates are continuing to sink lower. According to Freddie Mac, the national average 30-year rate is now 6.50%, down six basis points in one week. The 15-year fixed mortgage rate is down nine basis points to 5.60%. Both are new lows for 2025. With rates on a downward trend, the share of mortgage applications…
(NewsNation) — Few are winning in today’s housing market, but that doesn’t mean affordability will be out of reach forever. A new Redfin analysis suggests housing costs could return to “normal” by 2030 if price growth stabilizes, incomes continue to rise and mortgage rates dip to 5.5%. “The path back to normal housing costs doesn’t…
As of late August, 15-year mortgage rates are hovering around 5.69% and 30-year mortgage rates around 6.58%, according to Freddie Mac. Just 10 weeks ago, 15-year loans topped 6% and 30-year loans neared 7%. Read More: Barbara Corcoran: This Is the ‘Real Problem’ With the Housing Market Right Now Find Out: 7 Tax Loopholes the…
In a sign of homesellers’ frustration with how long it’s taking to sell their properties, more owners are opting to pull their homes off the market rather than lower the asking price. That’s according to a recent report from Realtor.com finding that so-called delistings, or homes taken off the market without having been sold, were up 38%…
In a sign of homesellers’ frustration with how long it’s taking to sell their properties, more owners are opting to pull their homes off the market rather than lower the asking price. That’s according to a recent report from Realtor.com finding that so-called delistings, or homes taken off the market without having been sold, were up 38%…
Home Depot’s sales improved during its fiscal second quarter as consumers remained focused on smaller projects amid cost concerns and economic uncertainty, but its performance missed Wall Street’s expectations. Revenue for the three months ended August 3 climbed to $45.28 billion from $43.18 billion, but fell short of the $45.41 billion that analysts polled by…
Mortgage rates have been inching down recently, but they’re up again today. According to Zillow data, the 30-year fixed mortgage rate has increased by five basis points to 6.52% while the 15-year fixed rate moved up seven basis points to 5.70%. The CME FedWatch tool reports an 85% chance that the federal funds rate will…
MCLEAN, Va. (AP) — The average rate on a 30-year U.S. mortgage fell this week to its lowest level in nearly 10 months, giving prospective homebuyers a sorely needed boost in purchasing power that could help inject life into a stagnant housing market. The long-term rate fell to 6.58% from 6.63% last week, mortgage buyer…
Mortgage rates are falling despite the Federal Reserve’s reluctance to introduce new cuts over the past eight months, giving American homebuyers more purchasing power at a time when the market is slowly shifting in their favor. Last week, the 30-year fixed-rate mortgage—the most popular home loan in the nation—dropped to its lowest level since April….
Mortgage interest rates are a bit unsteady today. According to Zillow, the average 30-year fixed mortgage rate dropped seven basis points to 6.5%. Meanwhile, the 15-year rate saw a slight increase, up three basis points to 5.47%. This instability can likely be attributed to inflation. Yesterday, the Bureau of Labor Statistics released the July Consumer…