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Mortgage Rates Head Toward Unwanted Threshold

newser.com Homebuyers, builders, Realtors, and pretty much everyone connected to the housing industry hoped this spring would be a robust one for sales because of declining mortgage…

The ‘Oracle of Wall Street’ expands on why the ‘crisis of the American male’ will send home prices crashing 30%: Gaming, rampant loneliness, and not enough…

aol.com Meredith Whitney, the one-time “Oracle of Wall Street” who predicted the Great Financial Crisis, doesn’t mince her words. Young single men living at home and playing video…

Mortgage payments hit all time highs

newsweek.com High mortgage rates and elevated prices are making the monthly payments homeowners make hit all-time highs, according to real estate platform Redfin, a development that…

Homebuyers’ quandary: to wait or not to wait for lower mortgage rates

apnews.com Shop for a home now or hold out for the possibility of lower mortgage rates? That question is confronting many home shoppers this spring homebuying season. Lower rates give…

Former U.S. treasury secretary takes hard-line stance on rates

thestreet.com At the beginning of 2024 interest-rate traders expected six or more rate cuts from the Federal Reserve this year. This was the case even though Fed officials had a mean…

Veterans are refinancing their homes

newsweek.com Mortgage applications ticked up slightly for the week ending April 5, helped by refinancing among Veteran Affairs-supported home loans, the Mortgage Bankers Association…

Ticker: Instagram to blur nudes in fight against sextortion; Mortgage rates hit five-week high

bostonherald.com Instagram says it’s deploying new tools to protect young people and combat sexual extortion, including a feature that will automatically blur nudity in direct messages. The…

Mortgage rates climb again, approaching 7%

aol.com Mortgage rates marched higher this week, nearing 7% with no relief in sight for the sluggish housing market. Freddie Mac's latest Primary Mortgage Market Survey, released…

Mortgage rates top 7% following hotter-than-expected inflation numbers

finance.yahoo.com Homebuyers are feeling whiplashed by surging mortgage rates, and the outlook just turned grim. The average rate on the 30-year mortgage increased to 7.37% on Thursday, a…

Mortgage rates rise after disappointing March inflation report

aol.com Mortgage rates drifted higher this week, and could increase further, in a sign that America’s affordability crisis isn’t letting up. The 30-year fixed-rate mortgage averaged…

Bad news for home buyers: Mortgage rates jump on the back of strong economic data

marketwatch.com The 30-year mortgage rate is averaging at 6.88% Freddie Mac said in its latest weekly survey on Thursday.

Mortgage rates crest 7% following hotter than expected inflation numbers

aol.com Homebuyers are feeling whiplashed by surging mortgage rates, and their outlook just turned grimmer. The average rate on the 30-year mortgage increased to 7.37% on Thursday,…

Average long-term US mortgage rate edges closer to 7%, rising to highest level since early March

apnews.com The average long-term U.S. mortgage rate rose to its highest level in five weeks, a setback for prospective homebuyers during what's traditionally the busiest time of the…

U.S. Cities Most Touched By Higher Rates

constructioncoverage.com U.S. Cities Most Impacted by High Interest Rates Note: This is the most recent release of our U.S. Cities Most Impacted by High Interest Rates study. To see data from prior…

Watch out for 8% for mortgage rates

thestreet.com Wednesday's Consumer Price Index report showed that inflation, at least at the consumer level, is more stubborn than many investors and economists had hoped. The result was…

Will Housing Prices Fall 20%? Why This Famous Analyst Sees a Huge Supply Glut Ahead

investorplace.com Here's what you need to know about housing prices going forward Sky-high mortgage rates have led to housing prices that only seem to go up. And the higher they go, the more…

Want $21,000 In Passive Income? Invest $40,000 In These Dividend Stocks

247wallst.com Contrary to political accusations that retailers are “gouging customers”, the cost of goods has jumped due to the devaluation of the dollar from oversupply and government…

Should you refinance your mortgage? Here are three signs it's time, real estate experts say

cnbc.com It's unclear when the Federal Reserve could begin cutting interest rates, but many homeowners who took out a mortgage in recent years — as rates hovered between 6% and 7%,…

Home prices are poised to jump another 5% this year as the market is even tighter than it was in 2023, economist says

aol.com None Home prices could see another 5% surge in 2024, Capital Economics predicted. • None The research firm pointed to home inventory levels, which are still near historic…

Mortgage rates today, April 9, 2024: Rates hold steady. When will they drop?

finance.yahoo.com The 30-year mortgage rate has increased a little this week, while the 15-year rate has gone down slightly. Neither change from last week is very drastic, though. “While…

Selling your house? Here's the best time to do it

aol.com With the pivotal spring season for the housing market well underway, homeowners looking to sell can strategize the timing of the sale in order to maximize their profit,…

Should I stop investing in US stocks and pay down my mortgage ASAP? Here’s the math

aol.com If you have some extra money to set aside each month, you might wonder if you’re better off investing it or using it to pay down your mortgage faster, especially if mortgage…

Here’s the homeowners insurance cost burden by state, as told by one map

fastcompany.com Want more stories from Lance Lambert’s ResiClub in your inbox? Subscribe to the free, daily ResiClub newsletter . Freddie Mac recently published updated home insurance data…

Construction hiring booms in overall strong jobs report

npr.org Construction companies helped to hammer together another strong month for the U.S. job market. The Labor Department reported Friday that construction firms added 39,000 jobs…

Opinion: Baltimore is selling vacant homes for US$1. Here’s why it’s a bad idea

theglobeandmail.com Gus Carlson is a U.S.-based columnist for The Globe and Mail. At first glance, it seems like an earnest attempt to address one of the most troubling issues plaguing many…

California home has massive cut in mortgage payments

newsweek.com A $3.3 million home is available for sale in California with an intriguing incentive—a lower-than-market mortgage rate. The single-family 4-bedroom, 4-bath property of about…

Housing market stung by latest mortgage rate update

newsweek.com Homebuyers hoping to capture a lower mortgage rate on the back of the Federal Reserve cutting interest rates in 2024 may have to wait a little longer. The housing market,…

Here are the best U.S. cities for first-time homebuyers

aol.com The city best known for blues music and the Gateway Arch is also a prime destination for people looking to buy their first home. St. Louis, Missouri, offers the best mix of…

Hunting for your first home? Here are the best U.S. cities for first-time buyers

cbsnews.com The city best known for blues music and the Gateway Arch is also a prime destination for people looking to buy their first home. St. Louis, Missouri, offers the best mix of…

Average long-term US mortgage rate rises modestly this week, holding just below 7%

abcnews.go.com The average long-term U.S. mortgage rate rose modestly this week, holding below 7% as it has for much of this year LOS ANGELES -- The average long-term U.S. mortgage rate…

Ticker: Drugmaker pulls ALS drug after failed test; Mortgage rates tick up

bostonherald.com The Cambridge-based company that makes a drug for Lou Gehrig’s disease that recently failed in a large study said Thursday it will pull the medicine, Relyvrio, from the…

Mortgage rates rise again as homebuyers optimism declines

aol.com Rising mortgage rates this week cast further doubt on meaningful rate cuts happening soon for homebuyers. The average rate for a 30-year loan inched past 7% this week,…

Fed Chair Jerome Powell pumps brakes on rate cuts

abcnews.go.com "We have time to let the incoming data guide our decisions," Powell said. The Federal Reserve will see if inflation moves beyond its current rough patch before imposing…

Mortgage rates rise as demand continues to slide

aol.com Mortgage rates increased slightly this week as demand continues to wane amid the ongoing housing affordability crisis. Freddie Mac's latest Primary Mortgage Market Survey,…

Mortgage rates inch up, denting home buyers’ budgets. But there’s good news

marketwatch.com The 30-year mortgage rate is averaging 6.82%, Freddie Mac said in its latest weekly survey on Thursday.

Mortgage Rates Continue to Show Little Movement

benzinga.com MCLEAN, Va., April 04, 2024 (GLOBE NEWSWIRE) -- FMCC today released the results of its (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.82 percent.…

New target in Biden administration's war on junk fees: mortgage closing costs

aol.com The Biden administration is expanding its crackdown on junk fees, this time setting its sights on the mortgage industry. The Consumer Financial Protection Bureau (CFPB)…

Insurance trends are deciding where Americans will live as planet heats

thehill.com Climate change and generations of US housing and development policy are making homes, neighborhoods, and entire municipalities riskier to insure, undermining the ability of…

Mortgage rates are scaring buyers away

newsweek.com High mortgage rates are keeping buyers on the sidelines as falling applications for home loans suggesting that prospective homeowners are unwilling to take on expensive debt…

Real estate expert warns ‘no signs’ housing affordability will improve for buyers in near future

foxbusiness.com A new study shows buyers require a substantial six-figure income to afford a home in almost half of the states in the country, and an industry expert cautions that the…

Calculate how much more mortgages will cost as interest rates rise

washingtonpost.com Warning: This graphic requires JavaScript. Please enable JavaScript for the best experience. Mortgage rates are at their highest point in more than 20 years, adding…

6 Mortgage REITS: How Badly Could Rising Rates Hurt Them?

marketbeat.com can be a valuable tool for investors seeking income and exposure to the real estate sector. However, their reliance on interest rates introduces a layer of complexity,…

Housing markets in 4 states see huge surge in interest

newsweek.com Areas of the West boast what realtor.com called some of the hottest housing markets in the country as the nature of work is returning to the pre-COVID era, the real estate…

‘Oracle of Wall Street’ sees years of declines in home prices

fortune.com Meredith Whitney, deemed the “Oracle of Wall Street” for successfully calling the financial crisis, says home prices are likely to fall substantially, and the reasons have…

A record 550 cities now have average home values above $1 million

aol.com None A record number of US cities have an average home price of more than $1 million. • None California had the highest concentration of million-dollar-plus areas, Zillow…

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