High household debt and rising costs of living keep housing market stagnant despite rate decline.
Tagged: mortgage rates
Redfin report says the market segment might soon cool, though.
Federal Reserve holds steady, but housing market challenges persist with scarce inventory and rising listing prices.
Freddie Mac reports consecutive rise in rates for the seventh week, pushing potential buyers to reconsider as affordability becomes a significant barrier.
Joint proposal would reduce spread between mortgage rates, Treasury bonds.
The 30-year fixed rate hits 7.57% amidst market turmoil; homeowners hold onto historically low rates and purchase demand plummets to 30-year lows.
Homebuyers face affordability crisis as 30-year fixed rate hits 7.49%, amidst inflationary pressures and Federal Reserve uncertainties.
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.
Freddie Mac reveals continued high rates amid cooling housing demand; construction sector hit hardest as potential homebuyers await fall for relief.