California Home Sales Drop 6.5%, Prices Keep Climbing
September’s decline leaves originators competing for fewer purchases, while rising borrowing costs and limited new listings keep affordability under pressure
Tagged: Mortgage Rates
Home Prices Are Still Rising, But More Metros Are Losing Momentum
Thirty-one of the 100 largest markets posted three-month price declines in August, even as national prices remained above year-earlier levels
The Fed Holds Rates Steady
The Fed maintains the federal funds rate between 4.25% and 4.5%
Mortgage Activity Subdued Amidst Enduring Affordability Pressures
Declining lock volumes and applications signal difficult conditions ahead with volatility on the upswing
30-Year Fixed-Rate Mortgage Rises Two Basis Points This Week
Average mortgage rate 6.49% on Aug. 15
Mortgage Rates Continue To Move Down
The 30-year FRM averaged 6.95% as of June 13, 2024, down from last week when it averaged 6.99%.
Mortgage Rates Continue Their Ascent
The 30-year FRM averaged 7.17% as of April 25, 2024, up from last week, when it averaged 7.10%.
Housing Payments On A 5-Week Decline
Redfin's study shows monthly mortgage payments dropping $164 from peak.
Mortgage Rates Tick Up After 3 Weeks Of Declines
The 30-year fixed mortgage rate averaged 6.71% this week.