Housing prices in the US were surprisingly resilient last year in the face of a jump in mortgage rates. Now, with the prospect ofinterest rate cutson the horizon, home prices are expected to climb more than previously anticipated, according to Goldman Sachs Research. US home price...
While many economists predict that the average rate on a 30-year mortgage will ease this year, they generally don't expect it to fall below 6%, about twice what it was five years ago. When mortgage rates ease, they can encourage home shoppers. A p...
The average contract rate on a 30-year fixed-rate mortgage rose 10 basis points in the week ended Jan. 10, the Mortgage Bankers Association said on Wednesday. It was the fifth straight weekly rise and puts the main home-loan rate nearly a full percentage point above where it was...
Accurate forecasts of the 30-year home mortgage rate (HMR) are important to both US housing market participants and policymakers. This study compares the consensus forecasts of the HMR from the Blue Chip panel of experts with two benchmarks: the random walk forecasts (which are basically the ...
VA loans: A zero down payment mortgage or a refinance of up to 100% of the home's value for American military members, veterans, and their spouses. VA loans offer competitive mortgage rates, and don't have a minimum credit score. However, the mortgage lenders that offer them will typicall...
Mortgage rates remain volatile - so far this year, average rates have ranged from 6.09% to 6.79%, but were fairly steady in April when some of the homes closed in May would have gone under contract. "Mortgage rates heavily influence the direction of home sales," said Lawrence Yun, NAR ch...
The average rate on a 30-year mortgage in the U.S. surged to 6.32% this week, adding pressure on home buyers facing sky-high prices and a limited supply of houses for sale.
For some, renting a home may be more fiscally prudent than buying one(CNN) -- US mortgage rates surged this week, rising to their highest level in 21 years.The 30-year fixed-rate mortgage averaged 7.09% in the week ending August 17, up from 6.96% the week before, according to data ...
Mortgage rates remained near historic lows this week. The benchmark 30-year home loan held below the 3% mark amid further signs of the economy’s recovery from the pandemic recession.
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