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Mortgage rates climb above 7%; what does that mean for housing market?
Higher interest rates add to problems with affordability that have hammered the housing market for the last two years. Prices have continued to climb despite slower sales volume, posting 17
Mortgage rates climb above 7% to highest level since May
Mortgage rates topped 7% this week, a key psychological threshold, in a sign of the US housing market’s unrelenting affordability challenges.
How to Get a Mortgage Rate Under 3% as Rates Climb Above 7%
Mortgage rates are now above 7 percent, but there are still options for securing a rate in the 3 percent range or lower
Average rate on 30-year mortgage hits 7%, its fifth straight increase and highest level since May
The elevated mortgage rates, which can add hundreds of dollars a month in costs for borrowers, have discouraged home shoppers, prolonging a national home sales slump that began in 2022.
Mortgage rates top 7%, soar to highest level since May in latest blow to homebuyers
The interest rate on 30-year mortgages rose last week to an eight-month high, extending an upward trend that’s squeezing would-be homebuyers already facing rising house prices and limited supply. The average rate on the most popular home loan reached 7.
7h
on MSN
Dave Ramsey warns Americans to avoid this huge mortgage mistake
Monitoring mortgage rates is one of the first steps people take when deciding to buy a home, along with determining the ...
2d
30-Year Mortgage Rate Rises Above 7% for First Time Since May
The average rate on 30-year fixed-rate mortgages surpassed 7 percent for the first time since May, Freddie Mac reported on ...
1d
on MSN
Trump Promised Lower Mortgage Rates. Can He Deliver?
On the campaign trail, Trump promised to bring down mortgage rates and make housing affordable again. His policies could do ...
1d
Will Mortgage Rates and Home Prices Finally Fall This Year? Some People Think Yes
Some U.S. consumers are optimistic about the housing market in 2025, believing there's a chance mortgage rates and home ...
3h
Newsom reaches deal with banks for wildfire-related mortgage relief
Gov. Gavin Newsom on Saturday announced that five major financial institutions will offer mortgage relief for property owners ...
2d
on MSN
4 reasons to get preapproved for a mortgage loan this January
With only two additional Fed rate cuts predicted for 2025, mortgage rates aren't likely to fall much more this year. And, if ...
1d
How Much Do You Need to Make to Afford a $5,000 Mortgage Payment?
A $5,000 monthly mortgage payment is very realistic for homeowners in high-cost states like California, Massachusetts, and ...
Wicked Local
4d
Mass. homebuyers hope mortgage rates ease, inventory loosens in 2025. Will they?
Through Nov. 30, last year's statewide median sales price for single-family homes was $616,925, up a robust 8.2%.
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