| Newsday via Getty Images Key Takeaways Many factors contributed to the rapid rise in home and rent prices over the past few years. Because of the long process from building to selling homes, it take...
Tag: mortgage rates today
Is The Real Estate Market Slowing Down? What To Expect In 2023
| Getty Images Key takeaways With persistent rate hikes from the Fed, there are widespread fears that the economy will enter a recession. The rate hikes and overall economic uncertainty have brought m...
Is Mortgage Demand Falling As Buyers Respond To High Interest Rates, Low Supply?
| Getty Images Key takeaways Mortgage applications fell 1.9% from the previous week for the week ending on December 2, with many potential homebuyers likely waiting to see what the rate hike announcem...
Is The Real Estate Market Slowing Down Due To Mortgage Rates?
| Getty Images Key Takeaways Mortgage rates have nearly tripled since this time a year ago. However, housing prices have continued to rise, making new mortgages unaffordable. Overall, the result is a ...
Why Did Mortgage Rates Suddenly Drop?
| Getty Images Key Takeaways Rates for 30-year fixed rate mortgages dropped below 7% the first week of November. Rates have been moving higher for most of 2022, rising from around 3% to over 7%. More ...
Why Are Mortgage Rates Going Up In November 2022?
| Getty Images Key Takeaways Average mortgage rate currently stands at 6.95% for a 30-year loan and 6.29% for a 15-year loan. Experts believe mortgage rates will be contained to a narrow window as we ...