As 30-year fixed-rate mortgages hit 7.31%, experts indicate low housing inventory and changing consumer behavior; renting emerges as a favorable choice for many.
The average 30-year fixed rate mortgage last week peaked at 7.31%, according to Freddie Mac. That's the highest it's been since December 2000. “However, unlike the turn of the millennium, house prices today are rising alongside mortgage rates, primarily due to low inv...
All four national regions report a slump in monthly and annual transactions, emphasizing the need for better rates and increased housing inventory.
Pending home sales across the U.S. saw a substantial 7.1% decrease in August, according to the National Association of Realtors (NAR). This dip in sales occurred across all four major U.S. regions, each registering losses in both monthly and year-over-year transactions. Law...
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