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.
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Some U.S. consumers are optimistic about the housing market in 2025, believing there's a chance mortgage rates and home prices drop. But how likely is that to really happen?
Mortgage Rates Surpass 7 Percent Mark
Mortgage rates, or interest rates on home loans, increased for a fifth consecutive week and breached the 7 percent mark, according to
Mortgage rates climb above 7% for the first time in 8 months
The 30-year mortgage rate inched up for the fifth week in a row, Freddie Mac says, making it more expensive to take on a mortgage.
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 Thursday, extending a weekslong climb that could push more buyers and sellers to the sidelines.
Mortgage Rates Surpass Seven Percent
Mortgage rates ticked up for the fifth consecutive week and crossed seven percent for the first time since May of 2024,” said Sam Khater, Freddie Mac’s Chief Economist. “The underlying strength of the economy is contributing to this increase in rates.
Mortgage Rates Top 7% for First Time Since Mid-2024
Higher rates are dimming hopes for a recovery in the sluggish housing market.
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 ...
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 ...
Proposed legislation could help victims of notorious reverse mortgage scam artist Mark Diamond
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How Much Do You Need to Make to Afford a $5,000 Mortgage Payment?
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How the Wildfires Could Reshape California Mortgage Lending
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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 ...
State provides assistance to NM homeowners to avoid foreclosure
New Mexico homeowners facing financial difficulties with their mortgage payments are eligible for free assistance from the ...