Rising Interest Rates and Property Costs Slow Lending Momentum
Homebuyers hit the brakes as high-priced properties meet the highest mortgage rates in 14 years. read more >
Homebuyers hit the brakes as high-priced properties meet the highest mortgage rates in 14 years. read more >
Sales fell 19.9% from August last year, and are now at the slowest annual pace since May 2020, near the start of the pandemic. read more >
Rates are at the highest level since 2007. read more >
The long-term average rate has more than doubled since a year ago. read more >
Mortgage buyer Freddie Mac reported Thursday that the 30-year rate jumped to 5.89% from 5.66% last week. read more >
Mortgage buyer Freddie Mac reported Thursday that the 30-year rate rose to 5.66% from 5.55% last week. One year ago, the rate stood at 2.87%. read more >
Handymen, landscapers and more are seeing business dwindle as homeowners cut spending. read more >
Powell also warned more explicitly than he has in the past that the Fed's continued tightening of credit will cause pain for many households and businesses as its higher rates further slow the economy and potentially lead to job losses. read more >
The National Association of Realtors said last week that existing home sales fell for the sixth consecutive month in July. read more >
Mortgage buyer Freddie Mac reported Thursday that the 30-year rate fell to 5.13% from 5.22% last week. Last year at this time, the rate stood at 2.86%. read more >
The slowdown in sales was most pronounced in the Western part of the country, home to some of the nation's most expensive housing markets. read more >
Last week the 30-year rate fell below 5% for the first time in four months. read more >
Housing starts in the region hit a 14-year high. Meanwhile, affordability remained among the best in the nation, according to Metroplan. read more >
Home prices have kept climbing — albeit at a slower pace than earlier this year. read more >
One year ago the average 30-year rate was 2.8%. read more >
After climbing to a 6.49 million annual rate in January, sales have fallen to the slowest pace since June 2020. read more >
Last year at this time the rate was 2.12%. read more >
Mortgage buyer Freddie Mac reported Thursday that the 30-year rate fell to 5.30% from 5.70% last week. read more >
One year ago, however, the average 30-year rate was 2.98%. read more >
As rates rise, mortgage applications have fallen 15% from last year and refinancings have decreased more than 70%. read more >
