Mortgage rates fall for sixth week in a row, providing some relief for buyers

The numbers: Mortgage rates continued to inch downwards, providing some relief to prospective homeowners. The 30-year fixed-rate mortgage averaged 6.27% as of December 22, according to data released b...

Home values in August saw their largest monthly decline since 2011. Some cities see house prices drop by 3%.

Home values are edging down as buyers remain spooked by high mortgage rates, according to a new report. The typical value of a home in the U.S. fell 0.3% in August from the previous month, according t...

‘Some companies are closing their doors, others are shutting down divisions’: Rocket CEO outlines plans to navigate the dramatic decline in mortgages

The mortgage industry is struggling with higher rates and a sharp drop in buyer demand. Rocket RKT, +0.53% says it’s got a plan to turn things around. There’s turmoil in the sector. Volume of originat...

‘Vulnerable time for the housing market’: Mortgage rates are now double what they were a year ago, and will weigh on house prices

The 30-year fixed-rate mortgage averaged 5.66% as of Sept. 1, according to data released Thursday by Freddie Mac. That’s up 11 basis points from the previous week — one basis point is equal to one hun...

Housing affordability plunges to lowest level since 2006. The property market’s ‘great slowdown’ is here, Bank of America says

A “great slowdown” is happening in the U.S. housing market, a new report from Bank of America says, as mortgage originations shrink and spending on household items softens. Amid weak home sales number...

Don’t expect a bidding war if you’re selling your house — homebuyer competition just plunged to the lowest level in over 2 years

Don’t expect a bidding war if you’re selling your house — homebuyer competition just plunged to the lowest level in over 2 years Intense homebuyer competition helped fuel real estate prices up in rece...

Homebuyer demand for mortgages drops 10%

A sign advertising an open house in Corona Del Mar, California. Scott Mlyn | CNBC Mortgage rates have been rising since the start of the year, but buyers at first seemed unfazed, some even rushing to ...